Technologies Corporation Announces
Richmond, BC – August 27, 2003 – Empower Technologies Corporation (“Empower Corporation”) is pleased to announce that Empower Technologies, Inc. (“Empower”) has signed a Joint Development Agreement (the “Definitive Agreement”) with Audio Products International Corporation (“API”) to jointly develop a new consumer audio appliance that will utilize API’s latest Omnipolar speaker technology and Empower’s LinuxDA embedded operating system technology. API and Empower will cross license each other’s respective technologies to manufacture and to market the audio appliance.
The audio appliance will be manufactured and sold by API under its selective brands. Empower can OEM and/or license the audio appliance to selective consumer electronic manufacturers to sell under their own labels. Empower and API intend to launch the audio appliance in the spring of 2004.
About Empower Technologies Corporation
About Empower Technologies, Inc.
Empower is an innovative company that introduced to the world Linux DA O/S, the first and only complete Palm™ Handheld compatible Linux Operating System scaled down for the Motorola Dragonball CPU platform. Furthermore, through the development of quality partnerships and strategic alliances, Empower is positioning itself to become the industry leader for Linux-based embedded solutions. Uniting top professionals from within the computer industry, Empower is committed to being the leading provider of Linux-based embedded system technologies and solutions for consumer electronics manufacturers.
About Audio Products International Corporation
API is a global company with offices in numerous countries around the world and sells their products in over 70 countries worldwide. API’s brands include Mirage (www.miragespeakers.com), Energy (www.energy-speakers.com), and Athena (www.athenaspeakers.com).
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.
Mirage, Energy, and Athena are trademarks of Audio Products International Corp. All other brands are trademarks of their respective owners. Palm is a trademark of Palm, Inc. All other brands are trademarks of their respective owners.
|Contact | Site
Map | Policies
© 2002 Empower Technologies Inc. All rights reserved. Disclaimer