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TCPS News TechnoConcepts' Chinese Subsidiary Signs Agreement Worth Approximately US $200 Million over Next Three Years

VAN NUYS, Calif.--(BUSINESS WIRE)--TechnoConcepts, Inc. (OTCBB:TCPS), a pioneer and innovator of True Software Radio (TSR) wireless to digital technology, announced today that its China Jinshilin Techno., Ltd. subsidiary in China has signed an agreement of cooperation with Shanghai Forests Information Technology Co., Ltd. to produce set-top boxes for IPTV technology in the Henan Province of China.

The three-year agreement calls for China Jinshilin Techno and Shanghai Forests Information Technology Co. to cooperate on an IPTV project being carried out by the Television and Broadcast Bureau in Henan Province. The initial deployment of 100,000 units will be in Shangqiu, a city with some two million rural wireless device users.

This project is one in which Shanghai Forests Information Technology Co. plans to combine their patented IP network transmission technologies with IPTV technology to offer television programs, video on demand and telephone service over the internet. China Jinshilin TechnoCo., Ltd. will be the provider of the set-top boxes to enable application of this project.

The agreement calls for TechnoConcepts to provide an initial 100,000 units by the end of June, 2007. Antonio Turgeon, chairman of TechnoConcepts, said: “The agreement also calls for us to supply a total of two million units by the end of 2009. We anticipate this agreement to be worth approximately US $200 million to Techno Jinshilin when all units are fully deployed. It represents a significant revenue stream for TechnoConcepts and is one that is independent from the company’s True Software Radio (TSR) technology.”

According to Turgeon, this project has been advancing forward for some time and “we are very excited and pleased that it has reached its final stages. Our team at China Jinshlin has been working diligently in carrying out demonstrations and evaluations to move this project forward and this agreement represents the culmination of their outstanding efforts.” In addition to this agreement, the company has other projects entailing several hundred thousand set-top boxes, which were previously announced, that have been delayed due to customer requirement modifications.

About TechnoConcepts

TechnoConcepts (OTCBB:TCPS) designs, develops and markets semiconductors for wireless applications. The Company has developed and patented True Software Radio™, a proprietary technology that creates convergence for the wireless industry. True Software Radio™ 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 multiple radios. True Software Radio™ 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™ is an ideal platform for original equipment manufacturers (OEMs) and original design manufacturers (ODMs) to develop new wireless broadband, mobile data, cellular, and other next-generation wireless applications.

More information is available at http://www.technoconcepts.com.

Safe Harbor Statement under the Private Litigation Reform Act of 1995 – 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 expected financial and operating results, the expected acceptance of the Company’s products, the usefulness and benefits of the Company’s products generally and the acceptance of the Company’s technological solutions and its ability to achieve its goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include among others: difficulties providing solutions that meet the needs of customers, difficulty in developing new products, difficulty in relationships with vendors and partners, difficulty in introducing products in 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 potential rapid growth. For a more detailed discussion of the risks and uncertainties of TechnoConcepts’ business, please refer to the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2005, filed with the U.S. Securities and Exchange Commission and as subsequently amended. The Company assumes no obligation to update any forward-looking statement contained in this press release.