"TechnoConcepts has focused significant efforts during the past year in securing several strategic business partners in the large and expanding wireless communications industry in Asia. The company believes that the incorporation of its True Software Radio(TM) technology into existing products will make it possible for its industry partners to provide innovative products for seamless roaming and global communications interoperability," said Antonio Turgeon, Chairman and CEO of TechnoConcepts. "The science park provides services for the entire integrated circuit (IC) product development cycle from initial design to production release. We will utilize these resources and capabilities to supplement our internal capabilities. This strategy is in line with other tenants in the HKSTP, such as Royal Philips Electronics and Freescale Semiconductor (subsidiary of Motorola)."
The HKSTP provides the leading edge Electronic Design Automation (EDA) tools and platforms from the major EDA vendors, such as Agilent, Altera, Cadence, Mentor, Magma and Synopsis, as well as providing automated test equipment supporting analog, mixed signal, RF and digital product testing, a product reliability laboratory, and a product analysis laboratory.
Lap Wai Chow, Member of the Office of Chairman of TechnoConcepts, will oversee the Techno (Hong Kong) Limited headquarters, located at Suite 506, Innovation Center (Building 5), Hong Kong Science Park, No. 5 Science Park West Avenue, Shatin, New Territories, Hong Kong.
TechnoConcepts Inc. (OTCBB: TCPS) designs, develops and markets semiconductors. The Company has developed and patented True Software Radio(TM), a demonstrated technology that creates convergence for the wireless industry. True Software Radio(TM) can enable cell phones, PDAs, laptops, and other mobile devices with different wireless frequencies, standards, and protocols to communicate directly with each other, across otherwise incompatible networks. When deployed, systems incorporating this technology can also provide cost-effective communications interoperability among police, fire departments and other first responders, enabling them to talk to each other regardless of their different radio systems. TechnoConcepts believes that True Software Radio(TM) is the only software-controlled wireless technology that has been verified to operate across multiple frequency bands. TechnoConcepts' subsidiary, Asante Networks Inc. (ASTN.PK) is a leading provider of networking solutions for the small-medium business and education markets. Asante designs, markets and sells a full line of networking products that provide high-performance, reliable and value-based solutions. More information is available at http://www.technoconcepts.com and http://www.asante.com.
About Hong Kong Science & Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation is a statutory body set up by the Government of the Hong Kong Special Administration Region. Its mission is to provide quality infrastructure and support facilities for innovation and technology development in electronics, biotech, precision engineering and IT/telecom industries and the upgrading of manufacturing and services industry capabilities; full-service incubation programs for technology start-ups; and foster partnership and collaboration between industry and universities/applied research institutes through consulting, training and research programs. More information is available at http://www.hkstp.org.
Safe Harbor Statement under the Private Litigation Reform Act of 1996: Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate, among other things, to the company's expected financial and operating results, the expected acceptance of the company's products, the usefulness and benefits of the company's products generally and the acceptance of technological solutions and the company's ability to achieve its goals and objectives. The risks and uncertainties that may affect forward-looking statements include, among others: difficulties providing solutions that meet the needs of customers, difficulty in developing new products, difficulty in relationships with vendors and partners, difficulty in introducing products to the marketplace and gaining acceptance of the same, difficulty gaining necessary governmental approvals, difficulty facing the intense competition present in the wireless communications industry, the company's limited operating history, its inexperience in operating internationally and difficulty managing rapid growth. For a more detailed discussion of the risks and uncertainties of the company's business, please refer to its Annual Report on Form 10K for the fiscal year ended September 30, 2004, filed with the Securities and Exchange Commission, and as subsequently amended. The company assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Martin E. Janis & Co., Inc. Beverly Jedynak, 312-943-1100 ext. 12 or TechnoConcepts Glenn Busch, 818-304-2247