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Empower Technologies Now a Tier 1 Company on TSX Venture Exchange
Richmond , British Columbia - September 12, 2005 - Empower Technologies Corporation ("Empower") is pleased to announce that it has met the requirements for a TSX Venture Exchange Tier 1 company. Accordingly, effective September 12, 2005, Empower's Tier classification will change from Tier 2 to Tier 1.
The Company's operating subsidiary, Empower Technologies, Inc. has now successfully launched and has commenced sales of its LDK 5910 Development Kit, the first general purpose embedded computing platform based on Texas Instruments OMAP 5910 dual core processor that uses LEOs ("LinuxDA Embedded O/S"), Empower's own version of Linux-based embedded operating system, as described below. LEOs and LDK 5910 product details are available on Empower's LinuxDA product website ( www.linuxda.com ) and Texas Instruments' ("TI") OMAP processor product web page.
Empower's primary business strategies include development and marketing LEOs to a large proven and qualified electronics manufacturers/developers base through authorized service providers such as Wipro of India ( www.wipro.com ) and ODM Technologies of San Diego, the commercialization of products by consumer electronic manufacturers and the development and marketing of Empower's own branded PowerPlay consumer products, all utilizing LEOs. In proceeding with those strategies, Empower has terminated its agreements with Audio Products International Corporation of Ontario and its subsidiary, Spherex Inc., and will not be proceeding with its proposed acquisition of the assets of the software development company located in Vancouver, B.C.
"Our target market is very receptive to our latest LEOs operating software based on the TI OMAP5910. We have already shipped more units than we have originally anticipated since its launch in mid-August this year following our TI and Empower joint news announcement. Our sales and marketing team is pushing hard to add more authorized LEOs service providers to further expand the customer base and the Company is very hopeful that the LDK 5910 Development Kits being sold will eventually translate to licensing revenue generated from every new products embedded and shipped with LEOs on a per processor basis from many electronics manufacturers/developers around the world. This is great news for our shareholders, financial backers and the investment community that follow our corporate development. Our business model is now taking shape and is working to our expectation." Said Paul Leung, chairman, president and CEO of Empower.
About Empower TechnologiesT
Founded in 2000, Empower Technologies is a developer of Linux-based operating software and embedded system technologies and solutions for the consumer electronics industry and the intelligent appliance market.
Empower recently developed a new embedded CPU platform for its LinuxDA Embedded O/S (LEOsT) based on Texas InstrumentsT OMAP5910 dual core 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 developer of Linux-based operating software and embedded system technologies and solutions for consumer electronics manufacturers and developers.
Empower's brands are "LinuxDAT" and "LEOsT" ( www.linuxda.com ), Linux-based embedded operating systems and "PowerPlayT" ( www.powerplaydevices.com ), smart consumer electronics.
Empower Technologies is traded on TSX Venture Exchange under the symbol EPT. More Information on Empower Technologies please visit www.empowertechnologies.com .
Contact Information:
Empower Technologies Media Enquiries:
Paul Leung - chairman, president & CEO (604) 278-3100 or pcleung@empowertechnologies.com
Alex Romanov - Vice President of Sales & Marketing (604) 278-3100 or aromanov@empowertechnologies.com
Empower Technologies Investor Relations:
Coal Harbor Communications,
Suite 900 - 555 Burrard Street , Vancouver , BC V7X 1M8 - info@coal-harbor.com
Tel (604) 662-4505 Fax: (604) 662-4547 Toll-free: 1+ (877) 642-6200
LinuxDAT O/S and LEOs Sales Enquiries: sales@linuxda.com or Tel 425-881-0909
Empower Technologies Corporation
_______________________
Paul Leung
Chairman, president & CEO
Forward-looking and cautionary statements from Empower Technologies
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.
PowerPlay and LinuxDA are the trademarks of Empower Technologies, Inc. All trademarks and registered trademarks are the property of their respective owners.
Empower Technologies
Contact Information:
Media Enquiries:
Paul Leung - Chairman, President and CEO: pcleung@empowertechnologies.com
or via Tel @ (604) 278-3100
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. |
