Message #6 From:
NewsBot Date: November 15, 2006 05:31:00 AM
HWYI News Hathaway Corporation's (HWYI) Diabetes Detection, Inc. (DDI) Enters Alliance Agreement with Research In Motion (RIM) to Further Develop DDI's Diagnostic Technology on the BlackBerry(R)
PALO ALTO, Calif.--(BUSINESS WIRE)--Hathaway Corporation (Other OTC:HWYI)
announced today that its wholly owned subsidiary, Diabetes Detections,
Inc (DDI), has entered into an alliance agreement with Research In
Motion (NASDAQ:RIMM)
(TSX:RIM) under RIM’s BlackBerry®ISV Alliance Program. The alliance advances DDI’s
commitment to providing a platform for the early detection of diabetic
neuropathy, often an early sign of the onset of diabetes, utilizing
leading communications devices such as the BlackBerry®.
The platform is designed to work seamlessly with BlackBerry®
from Research In Motion (RIM) (NASDAQ:RIMM) (TSX:RIM).
Diabetes is a chronic condition that affects 18.2 million people --
nearly 6 percent of adults and children. National inpatient hospital
costs associated with the treatment of diabetes topped $3.8 billion.
According to government studies, early detection can reduce this number
by $2.8 billion and devices such as the Vibrameter can test for early
symptoms of this disease.
DDI’s Vibrameter provides a dual function for
electronic communication devices, such as beepers, pagers or cellular
phones, as a medical diagnostic tool for detecting and/or monitoring
neuropathy. The Device allows a health care professional to perform a
quick and accurate test to determine neuropathy in patients. The Device
produces instant results allowing the health care professional to refer
the subject for further diagnostic evaluation, thereby assisting in the
early detection of diabetes. For more information, please visit http://www.diabetesdetectioninc.com.
"We are ecstatic that DDI has joined the BlackBerry®ISV Alliance Program," said Paul Lisenby, C.E.O. of Hathaway
Corporation. "The BlackBerry handset is a natural platform for our
Vibrameter device that is used to detect neuropathy conditions. Working
with a company of the caliber of Research In Motion is a tremendous step
forward for DDI’s corporate development and
we look forward to additional progress with Research In Motion as we
continue to advance DDI’s business model and
bring tremendous shareholder value to Hathaway."
BlackBerry® is a registered trademark of RIM
and is in no way associated with Hathaway Corporation and or its
subsidiaries. The BlackBerry® and RIM
families of related marks, images and symbols are the exclusive
properties and trademarks of Research In Motion Limited.
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies that
bring a shift in how communications are delivered and serviced globally.
Hathaway continues to seek out and capitalize on emerging technologies.
Their first acquisition, OptiCon Systems, was first developed by Corning
and sold to their customers. Corning spent millions of dollars and over
seven years developing the Fiber Optic Management System currently
marketed and sold by OptiCon Systems Inc. OptiCon serves over 70% of the
global 500 companies such as Adelphia, Charter, Comcast, Comcast/AT&T,
Cox, Time Warner, and Bright House. Through companies such as OptiCon
and DDI, Hathaway brings the communication solutions of the future to
today’s business marketplace.
Safe Harbor
This release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 27E of the
Securities Act of 1934. Statements contained in this release that are
not historical facts may be deemed to be forward-looking statements.
Investors are cautioned that forward-looking statements are inherently
uncertain. Actual performance and results may differ materially from
that projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain financing
and regulatory and shareholder approval for anticipated actions.
