Message #16 From:
NewsBot Date: February 14, 2007 03:00:00 AM
RSMI News Rim Semiconductor Signs Memoranda of Understanding with Three Additional Companies in the Asian Market
PORTLAND, Ore.--(BUSINESS WIRE)--Rim Semiconductor Company (OTCBB: RSMI), an innovator in video-over-copper, has entered into memoranda of understanding with three equipment manufacturers concerning their evaluation and testing of the Company’s Cupria™ 5001 transport processor. These companies are located in China, Singapore and Taiwan. Together, they currently ship over ten million digital subscriber lines per year to telephone companies worldwide. Their combined revenues are in excess of three billion dollars.
Under the memoranda of understanding, these companies intend to complete a product evaluation of the Cupria™ 5001 transport processor. All three companies have asked Rim Semi to not identify them publicly until such time as they agree, or Rim Semi is required by the Securities and Exchange Commission, to be publicly identified. The memoranda of understanding do not bind Rim Semi or any of the equipment manufacturers.
These three new companies are in addition to the two companies that entered into previously reported multi-year supply agreements with Rim Semi.
“We believe that our customers will have a decisive advantage over their competitors because our chips will deliver a compelling performance advantage,” stated Brad Ketch, president and chief executive officer of Rim Semiconductor Company. “We are very pleased to see that major equipment manufacturers are eager to evaluate our new products.”
About Rim Semiconductor Company
Rim Semiconductor Company (OTCBB: RSMI) develops technology for telecommunications companies to deliver demanding new video and data services with lower network costs. The company’s products allow data to be transmitted at greater speed and across extended distances over existing copper wire — all with the highest quality of service — for a better end-user experience. For more information, visit www.rimsemi.com.
With the exception of historical information contained in this press release, this press release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors, and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company’s Securities and Exchange Commission filings. Rim Semiconductor is under no obligation and does not assume any obligation to revise or update any forward-looking statement in this press release in order to reflect events or circumstances that may arise in the future.
