Empower Technologies™ Update
03/31/2012| 08:14am US/Eastern
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Empower Technologies™ Update
March 30, 2012 - Richmond, British Columbia, Canada - Empower
Technologies Corporation (TSX.V: EPT)
("Empower") announces, further to July 25, 2011
news release "Empower Technologies Signs Supply Agreement for
Purchase Orders with an Asian Automotive Camera & Electronics
Manufacturer". The Company is close to completing the
development of two automotive products for the Taiwan
customer. The customer has already notified the Company that
it will issue a firm order and estimated quantities in April.
The first delivery target date is tentatively set after the
summer of this year.
On March 29, 2012, the Company has also completed and
delivered a real time video transcoder system for a major
Asia telecommunication company. Video transcoder works
like a translator (converter). It takes the older (legacy) or
the latest large video format for VCR, CD/DVD players or
other non-mobile devices and converts (translates) it into
the H.264 video format for iPhone, iPad, Android
smartphones/tablets or other mobile devices. This product
provides real time transcoding capability for wireless
carriers to transcode various legacy video format into
mainstream mobile device video format for real time mobile
video streaming services.
Further to February 16, 2012 news release, The Company has
completed the legal documentation and security of the loan.
As a result, Empower has started loaning funds to Northstar
Network to continue its sales effort. Due to the heavy
workloads and the process, Empower now expects the closing of
the purchase of Northstar Network on or before April 30,
2012.
The Company has received TSX Venture Exchange approval on
March 8, 2012 to complete the conversion of the directors'
debt into Empower common shares as stated in the December 22,
2011 news release.
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.
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This press release was issued by Empower Technologies Corporation and was initially posted at http://www.empowertechnologies.com/press/2012/2012_03_30.html . It was distributed, unedited and unaltered, by noodls on 2012-03-31 14:03:49 PM. The issuer is solely responsible for the accuracy of the information contained therein.
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