December 12, 2012 – Richmond, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT) (“Empower”), further to the November 26, 2012 news release, announcing the creation of “Empower Defence Systems Inc. (“EDS” or “the Company”), EDS reports it is expediting the qualification process to meet the requirements of a major defence contractor with whom the company has been in discussions. Upon qualification, the Company will become an official vendor in the customer’s supplier database to bid on projects and to accept sale contracts, purchase orders and production.
EDS is also in the process of acquiring a manufacturing facility in St. John’s, NL to commence operations in January 2013. The Company is conducting interviews with experienced defense industry veterans and technicians to fill the various executive, engineering and manufacturing positions relating to the expected sales and production.
Currently, Empower’s management and its legal team are reviewing the value of the assets excluding the customer list in Northstar Network Ltd. and Northstar Electronics Inc. to determine whether it holds enough value for Empower to offset the expected legal and court costs to exercise the General Security Agreements (“GSA”) on both defaulted entities.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Empower Technologies™
Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative company that brings the power and flexibility of the LEOs® (Linux Embedded Operating System) to the dynamic embedded computing Industry and the emerging Intelligent Appliance Market, through their development of Linux-based operating software, embedded system technologies and solutions.
The products and services that form the base of its business activities include an embedded system development platform for LEOs®, based on Texas Instruments™ embedded CPU platform, that fulfill the needs and demands of developers and the embedded computing Industry. Empower is continuing to develop LEOs® and newer versions of embedded CPUs in line with Texas Instruments™.
By uniting top professionals from within the computer industry and developing quality partnerships and strategic alliances, Empower is committed to being the leading developer of Linux-based operating software and embedded system technologies and solutions for electronics manufacturers and developers.
Empower's brands are “LEOs®”, “LinuxDA™”, Linux-based embedded operating systems, “BullsEye” Video Imaging Technology, “PowerPlay™”, smart consumer electronics.