Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

Empower Technologies™ Update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/31/2012 | 02:14pm CET

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.

distributed by

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.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
10:44a Global stocks, euro push higher as ECB stimulus plan looms
10:43a THYSSENKRUPP : secrets stolen in 'massive' cyber attack this year
10:43a LENOVO : ‘Thinnest 2-in-1’ Yoga Book to launch on December 13
10:43a THYSSENKRUPP : Tata Steel Sweetens Offer to UK Workers
10:43a SPORTS DIRECT INTERNATIONAL : UK Accounting Regulator Concludes Probe Into Sports Direct
10:42a SURFACE TRANSFORMS : Shares Drop As Interim Revenue Halves
10:42a FIDESSA : F&O platform wins FOW's trading system of the year; Recognised for the fifth consecutive year at FOW International Awards
10:41a TECHNOPOLIS OYJ : Band in the house
10:41a SYZ Asset Management strengthens its presence in Germany with the opening of a Munich office
10:39a JUVENTUS FOOTBALL CLUB : Zidane keen to avoid Juventus reunion
Latest news
Advertisement
Hot News 
-19.22%NOVAE : shares slump after insurer warns on FY underwriting contributions
7.61%EFG INTERNATIONAL : says to cut up to 450 jobs in BSI integration
-7.97%SPORTS DIRECT INTERNATIONAL : profit slumps 57 percent after 'tough' period
-7.62%Outsourcer Capita cuts 2016 profit forecast again, to sell assets
-1.85%Poland agrees to buy back its second largest bank from UniCredit for $2.6 billion
Most Read News
04:17a EXCLUSIVE : Edmond de Rothschild to close Hong Kong operations - sources
12/07 HYUNDAI MOTOR : S.Korea worries about growing economic risks, amid impeachment push for President Park
12/07 MEDTRONIC : China says fines Medtronic local unit 118.5 million yuan for price fixing
12/07 Retailer Wal-Mart de Mexico to invest $1.3 billion in Mexico
12/07DJRussia Sells Stake in Oil Giant Rosneft to Glencore, Qatar - Update
Most recommended articles
12/02 Platts considers first addition to Brent basket since 2007
04:43a THYSSENKRUPP : secrets stolen in 'massive' cyber attack this year
04:32a NATIONAL GRID : agrees UK gas network sale, to return cash to investors
04:30a Oil steady around $50 on doubts over OPEC output cuts
04:20a NOVAE : shares slump after insurer warns on FY underwriting contributions