Message #32 From:
Stock News Bot Date: January 16, 2007 05:30:00 AM
ONSC News OnScreen Signs WayCool(TM) Licensing Agreement with CUI, Inc.
PORTLAND, Ore.--(BUSINESS WIRE)--OnScreen Technologies™,
Inc. (OTCBB:ONSC), a leader
in cutting edge thermal management technology solutions and LED signage,
announced that is has signed a multi-year licensing agreement with CUI,
Inc., an Oregon-based designer, manufacturer and distributor of
electronic components with 2.2 million subscribers, allowing CUI to
integrate OnScreen’s proprietary WayCool
thermal management technology into Power Supply Units (“PSU”)
CUI is currently producing for application in a wide range of electronic
devices.
The terms and conditions of the licensing agreement provide for CUI to
pay OnScreen a royalty on unit sales of all CUI-produced PSUs
manufactured with WayCool technology. In addition, the companies
have agreed to collaborate on the co-development of proprietary, next
generation cooling solutions for the high-end industrial and consumer
electronics industries.
James McKenzie, founder, President and CEO of CUI, stated, “Designers
and engineers historically have endeavored to overcome the complicated
temperature profile inherent in power supply systems. When factoring
cumulative heat contribution from transistors, transformers, capacitors,
diodes, PC boards and enclosures, it is essential that development of
cooling techniques and the management framework consider the entire
system. Following our assessment of WayCool’s
novel approach to thermal cooling and management, it became evident to
our engineers that this was highly differentiated and cost effective
technology capable of efficiently offloading heat generated in our power
supply systems without costly re-engineering. We are very excited about
the possibilities WayCool presents for CUI to advance its
leadership in the power supply industry and look forward to leveraging WayCool
to co-develop revolutionary new power supply solutions with OnScreen.”
Consumer electronics is the largest worldwide market for power supply
and power management integrated circuits, according to an August 2006
study released by Venture Development Corporation, with the assistance
of CMP Media. Consumer electronics is forecast to increase at the second
highest compound annual growth rate through 2010 at 16.1%, being
surpassed only by a much smaller medical applications segment at 17.0%. IMS
Research reports that the Uninterruptible Power Supply (UPS) market
experienced massive growth across all regions for the first
three-quarters of 2006. Between January and September, the global UPS
market grew by more than 15% with the highest growth in the Americas,
and worldwide revenues during the January-through-September period
reaching $3.98 billion.
“The acceptance and recognition of the WayCool
technology by CUI for use in their current power supply solutions and
the opportunity to co-develop the next generation of solutions with a
firm of the stature of CUI is very exciting to us and bodes well for the
penetration into this very large and expanding market,”
stated OnScreen CEO Russell Wall.
About CUI, Inc.
Established in 1989 and headquartered in Tualatin, Oregon, CUI designs,
manufactures, imports and distributes electronic components to OEMs and
design engineers. The Company concentrates on two major market segments:
Components - power supplies, transformers, speakers, buzzers, converters
and connectors; and Industrial Control and Power Devices (encoders and
industrial power devices).
About OnScreen Technologies, Inc.
Headquartered in Portland, Oregon, OnScreen Technologies, Inc. has
pioneered and is commercializing innovative thermal management solutions
capable of revolutionizing the LED display, semiconductor and electronic
packaging industries. Utilizing its patent-pending thermal technologies
and architecture, OnScreen has developed highly advanced, proprietary
LED display solutions and integrated circuit board and power supply
cooling application solutions that provide a more cost effective
solution than current competing products and technologies. For more
information, please visit www.onscreentech.com.
Safe Harbor Statement
This document contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Such statements are
subject to risks and uncertainties that could cause actual results to
vary materially from those projected in the forward-looking statements.
The company may experience significant fluctuations in future operating
results due to a number of economic, competitive, and other factors,
including, among other things, our reliance on third-party manufacturers
and suppliers, government agency budgetary and political constraints,
new or increased competition, changes in market demand, and the
performance or reliability of our products. These factors and others
could cause operating results to vary significantly from those in prior
periods, and those projected in forward-looking statements. Additional
information with respect to these and other factors, which could
materially affect the company and its operations, are included in
certain forms the company has filed with the Securities and Exchange
Commission.
