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Empower Technologies™ Announces Signing an Omnipolar Technology License Agreement with Audio Products International Corporation
Richmond, British Columbia – December 20, 2004 – The above License Agreement signed by Empower Technologies Corporation's subsidiary, Empower Technologies, Inc. (“Empower”), with Audio Products International Corporation (API) grants Empower the right to incorporate API's Omnipolar Technology in the designing and manufacturing of approved products on a non-exclusive basis for a royalty fee and is for a three year period commencing October 22, 2004. These products may be privately labeled (OEM) or sold under Empower's PowerPlay™ smart consumer electronics’ brand.
"With this agreement, Empower has the speaker technology we require to develop best of breed new audio products”, said Paul Leung, Chairman, CEO and Founder of Empower Technologies™.
About Empower Technologies
Founded in 2000, Empower Technologies is a provider of Linux-based embedded system technologies and solutions for the consumer electronics industry and the intelligent appliance market.
Empower is an innovative company that introduced to the world LinuxDA O/S, the first and only complete Palm® Handheld compatible Linux Operating System scaled down for the Motorola
Dragonball CPU platform. By uniting top professionals from within the computer industry and developing quality partnerships and strategic alliances, Empower is committed to being the leading provider of Linux-based embedded system technologies and solutions for consumer electronics manufacturers.
Empower’s brands are “LinuxDA” (www.linuxda.com) a Linux-based embedded operating system and “PowerPlay” (www.powerplaydevices.com) smart consumer electronics.
Contact Information:
Media Enquiries:
Paul Leung - Chairman, President and CEO: pcleung@empowertechnologies.com
or via Tel @ (604) 278-3100
Investor Relation:
David Flynn - Principal: dflynn787@rogers.com or via Tel @ (416) 346-7725
More Information on Empower Technologies: www.empowertechnologies.com
LEOs ® Sales Enquiries:
sales@empowertechnologies.com or via Telephone @ 604-278-3100
Paul Leung
Chairman, President and CEO
Empower Technologies Corporation
The statements contained in this news release that are not historical facts are forward looking statements. Such statements are based on management's estimates, assumptions and projections using available information. The company cautions that actual financial results could differ materially from the current expectations due to a number of factors.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.
LEOs , PowerPlay and LinuxDA are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners. |
