Message #19 From:
NewsBot Date: July 14, 2006 05:00:00 AM
TCPS News TechnoConcepts Licenses ANT Fresco(TM) Browser for China Jinshilin Techno's IPTV Set-Top Boxes; First 100,000 Units to Be Sold in China, Taiwan and Japan
VAN NUYS, Calif.--(BUSINESS WIRE)--July 14, 2006--TechnoConcepts Inc. (OTCBB:TCPS) today announced that it has licensed ANT Software Limited's (AIM:ANTP) browser solution for use in the IPTV set-top box manufactured by its subsidiary, China Jinshlin Techno Ltd. ("Jinshilin"). IPTV set-top boxes provide delivery of digital television programming received from the Internet to conventional television sets.
Jinshilin anticipates shipping more than 100,000 units by the end of this calendar year in China, Taiwan and Japan, generating revenue in excess of $15 million (US). The IPTV set-top box market is rapidly expanding in Asia, with industry analysts projecting sales for China alone of between 20 million to 50 million units in 2006, growing to 60 million to 100 million units by the end of 2007.
ANT is the market leading provider of software and solutions for IPTV, hybrid TV and digital home products. ANT's IPTV browser solution is one of the industry's most reliable and robust embedded browsers, specifically developed for user interface and content rendering requirements of TVs, STBs, DVD players and other consumer electronics and industrial appliances.
About TechnoConcepts
TechnoConcepts Inc. (OTCBB:TCPS) designs, develops and markets semiconductors. The Company has developed and patented True Software Radio(TM), a demonstrated technology that creates convergence for the wireless industry. True Software Radio(TM) chipsets can enable cell phones, PDAs, laptops, and other mobile devices with different radio frequencies, standards, and protocols to adjust by software command so that they can communicate directly with each other, across otherwise incompatible networks, without the use of multiple radio chips. True Software Radio(TM) chipsets replace the Front End, I/F Processing, ADC, and Digital Filtering sections of digital radios. Because the technology simplifies design and reduces component costs, the Company believes that True Software Radio(TM) is the best platform for wireless product manufacturers to develop new wireless broadband, mobile data, cellular, and other next-generation wireless applications.
About China Jinshilin Techno Ltd.
China Jinshlin Techno Ltd. ("Jinshilin") is TechnoConcepts' subsidiary based in Shanghai, China, providing marketing, sales and technical support for True Software Radio(TM) technology in China. Jinshilin also develops new technology and manufactures products for Internet Television (IPTV), Stream Media Protocol Processing, and Broadcasting Software for IPTV-STB, and IPTV set-top-boxes providing On-Line Family Real Time Payment Service. Jinshilin expects to incorporate True Software Radio(TM) in its next generation of wireless IPTV set-top boxes.
ANT plc (www.antplc.com) is a leading provider of digital TV client and consumer electronic software solutions. ANT's unique client solutions allow robust and consistent delivery of digital-media, user interfaces, interactive services and applications to the TV and portable Media devices. ANT enables service providers to efficiently create and deploy successful solutions to the market that deliver high value and clear differentiation.
ANT's products are pre-integrated with many industry-leading solutions and are based upon open standards, enabling low-risk, cost-effective and efficient roll-out of services, while ensuring flexible client hardware choice with efficient bill of materials. ANT software has been extensively deployed by customers throughout the world including Chunghwa Telecom, Foxconn, France Telecom, Humax, LG/Nortel, Philips, Sagem, Samsung, SaskTel, Telecom Italia and Thomson.
Trademarks
ANT, the ANT logo, and Fresco are all trademarks or registered trademarks of ANT Software Limited. TechnoConcepts and True Software Radio are all trademarks or registered trademarks of TechnoConcepts Inc. All other brand and product names are trademarks or registered trademarks of their respective owners.
Safe Harbor Statement under the Private Litigation Reform Act of 1996: Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate, among other things, to the company's expected financial and operating results, the expected acceptance of the company's products, the usefulness and benefits of the company's products generally, the acceptance of its technological solutions, and the company's ability to achieve its goals and objectives. The risks and uncertainties that may affect forward-looking statements include, among others: difficulty providing product solutions that meet the needs of customers, difficulty in developing new products, difficulty in relationships with vendors and partners, difficulty in introducing products to the marketplace and gaining acceptance of the same, difficulty gaining necessary governmental approvals, difficulty facing the intense competition present in the wireless communications industry, the company's limited operating history, its inexperience in operating internationally and difficulty managing rapid growth. For a more detailed discussion of the risks and uncertainties of the company's business, please refer to its Annual Report on Form 10K for the fiscal year ended September 30, 2005, filed with the Securities and Exchange Commission, and as subsequently amended. The company assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
