Terocelo Inc.
TechnoConcepts Announces initial sales of its WiMAX Evaluation Platform
TechnoConcepts Inc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- TechnoConcepts Announces initial sales of its WiMAX Evaluation Platform VAN NUYS, Calif.-- TechnoConcepts, Inc. (OTCBB: TCPS) announced today it has received the first of several initial orders of its WiMAX Evaluation Platform (Part Number WMB:1.01). The newly released platform one programmable chipset can support Sprint’s AWS spectrum, Korean WiBRO at 2.3GHZ, European 2.5 GHz bands and Asian 3.5GHZ. The release of the Platform is timed to meet the forecasted high-growth rate in the WiMAX marketplace. The worldwide WiMAX equipment market is expected to increase to $5.6 billion in sales by 2010, up from $586mm in 2006. 'We just released our initial WiMAX Evaluation Platform a week ago and there has been a great response from the marketplace. To take this interest and turn it into initial sales so quickly validates our True Software Radio® technology and valuation platform,' said Chairman and CEO Antonio Turgeon. About TechnoConcepts TechnoConcepts designs, develops and markets semiconductors for wireless communications. The company has developed and patented True Software Radio®, a proprietary technology that creates convergence for the wireless industry. True Software Radio® chipsets are designed to enable cell phones, PDAs, laptops, and infrastructure with different radio frequencies, standards, and protocols to adjust by software command so that they can communicate across otherwise incompatible networks, without the need for multiple radios. True Software Radio® chipsets replace the front end, I/F processing, ADC, and digital filtering sections of 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 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 rapid growth. For a more detail discussion of the risks and uncertainties of TechnoConcepts' business, please refer to the company's Annual Report on Form 10-KSB for the fiscal year ended September 30, 2006, filed with the Securities and Exchange Commission, and as subsequently amended. The company assumes no obligation to update any forward-looking statement contained in this press release or with respect to the announcements described herein. TechnoConcepts Contact Information Wolfe Axelrod Weinberger Associates, LLC Investors: Donald C. Weinberger, 212-370-4500 Managing Member don@wolfeaxelrod.com or Martin E. Janis & Company, Inc. Media: Beverly Jedynak, 312-943-1100 ext. 12 President bjedynak@janispr.com DGAP 21.05.2007 ----------------------------------------------------------------------
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