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
04:58p DGAP-ADHOC : DocCheck AG: Vorläufige Geschäftszahlen 2016
04:57p WYNCOAST INDUSTRIAL PARK PUBLIC : Lone bidder for Pentakomo tech park
04:56p GOLF : tournament attracts participants near and far at enhanced course
04:56pDJCorrection to CSX Article on Jan. 19
04:56p Levi & Korsinsky, LLP Notifies Shareholders of Dollar General Corporation of a Class Action Lawsuit and a Lead Plaintiff Deadline of March 20, 2017 – DG
04:55p SYNCHRONY FINANCIAL : Today
04:55p CAZA GOLD : IIROC Trading Resumption - RYR; CZY
04:55p ENERTOPIA CORP. : Unregistered Sale of Equity Securities, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)
04:55p IIROC Trade Resumption - Caza Gold Corp.
04:55p BENTON RESOURCES : Provides Update on Bedivere Gold Project
Latest news
Advertisement
Hot News 
11.26%SYNTHOMER : Chemicals maker Synthomer sees 2016 profit ahead of estimates
-2.02%European shares ease before Trump inauguration
6.84%SDL : Translation software firm SDL sees full year results ahead of market expectations
-2.15%GENERAL ELECTRIC : Nason, former Treasury official, being vetted for Fed role - sources
1.62%IBM revenue fall dims upbeat profit forecast
Most Read News
09:33a BLACKROCK : Fears of economic 'race to bottom', strong dollar in Davos
05:38a Toshiba making preparations for sale of stake in chip business - sources
08:55a GENERAL ELECTRIC : GE profit rises 36 percent, but sales slow
12:16aDJNEWS HIGHLIGHTS : Top Energy News of the Day
01/19 TESLA MOTORS : U.S. regulator finds no evidence of defects after Tesla death probe
Most recommended articles
01/17DJS&P 500, Nasdaq Futures -- Technical Analysis
10:56aDJCorrection to CSX Article on Jan. 19
10:54a BOEING : Machinists seek union vote for Boeing South Carolina workers
10:29a WARREN BUFFETT : AIG to pay Buffett's Berkshire about $10 billion in insurance deal
10:15aDJStocks, Bond Yields Rise Ahead of Trump Inauguration