Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Empower Technologies™ Update

03/31/2012 | 09:14am US/Eastern

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.

React to this article
Latest news
Date Title
01:18p VALMIE RESOURCES INC : Valmie Resources (VMRI) Endorses Education of Lawmakers on UAV Agricultural Applications
01:17p ING GROEP : Interview ING’s Wilfred Nagel on Dutch Trade Mission to China
01:17p ST MODWEN PROPERTIES : DIO appoints VINCI St. Modwen as Ashchurch development...
01:17p SOLAR A/S : No. 10 2015 Share trading
01:17p HMT UK HER MAJESTY TREASURY : Efficiency drive by government on PPPs nets £2.1 billion
01:17p GB : How the UK will be the capital of digital currencies within the year
01:17p VOLTA FINANCE : Publication of Interim Report and Accounts 2015
01:17p FINMECCANICA : Assemblea degli Azionisti: deposito documentazione
01:17p TERNA RETE ELETTRICA NAZIONALE : Daylight saving time: in 7 months consumption reduced by 556 million kWh
01:17p HMT UK HER MAJESTY TREASURY : Burnley Hospital allocated £15.6 million by government
Latest news
Advertisement
Hot News 
JUDGES SCIENTIFIC : Profit Up But Like-For-Like Revenue Shrinks
OHR PHARMACEUTICAL : Announces Final Topline Data From OHR-102 Phase II IMPACT Study in Wet-AMD
SINNERSCH : ADER: A WEAK COURSE OF BUSINESS IN THE SECOND QUARTER MAKES AN ADJUSTMENT OF THE GUIDANCE FOR FISCAL 2014/2015 NECESSARY (DGAP Adhoc)
ANDREWS SYKES : Temporary arena in London requires replacement heating
CENTRAL PACIFIC FINANCIAL : Shareholders Price Offering Of Shares Of Central Pacific Financial Corp.
Most Read News
03/26 DEUTSCHE LUFTHANSA : EDITORIAL: The mystery of Germanwings Flight 9525
03/26 ENDURO ROYALTY : Provides Updated Tax Information
03/26 CANFOR : and Canfor Pulp Products Inc. Announces Annual General Meeting and First Quarter Results Conference Call
07:42a Switzerland's UBP to buy RBS's Coutts International
07:36a KARO BIO : Raises USD1 Million in Private Placement of Shares
Most recommended articles
01:16pDJEUROPE MARKETS : European Stocks Snap Win Streak; DAX Logs First Weekly Loss In 2 Months
01:13p U.S. Fed weighs insurers' proposal for new capital rules
01:12pDJREGENERON PHARMACEUTICALS : Correction on March 25 Regeneron Story
01:11p EXCLUSIVE - YOOX AND NET-A-PORTER IN MERGER TALKS AGAIN : sources
01:08pDJWhite House Issues Action Plan to Fight Drug-Resistant Bacteria
Dynamic quotes  
ON
| OFF