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TechnoConcepts Inc.: TechnoConcepts Announces Memorando of Understanding with Fujitsu Devices Inc.
TechnoConcepts Inc. / Contract Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- TechnoConcepts Announces Memorando of Understanding with Fujitsu Devices Inc. February 07, 2007 Van Nuys, CA - TechnoConcepts, Inc. (OTCBB:TCPS) announced that it has reached a Memorandum of Understanding (MOU) with Fujitsu Devices Inc. of Tokyo, Japan to promote commercialization in Japan of reconfigurable wireless communication systems by implementing software defined radio applications developed by TechnoConcepts. Mr. Antonio Turgeon, Chairman and CEO of TechnoConcepts, noted, 'We are very pleased that Fujitsu Devices Inc., one of leading distributors in Japan, has expressed a sincere interest in working with TechnoConcepts to develop and market our proprietary True Software Radio™ ('TSR') technology in Japan. We are confident that the TechnoConcepts/Fujitsu Devices Inc. relationship will develop into a strong partnership that will take our software-reconfigurable RF chip and make it the de facto standard for reconfigurable wireless communications in a broad array of applications including infotainment and communications such as telematics, navigation, and GPS.' Mr. Turgeon added, 'Advances in hardware and software have brought the possibility of convergence--a single universal wireless phone capable of communicating with all existing, competitive technologies--close to becoming a reality. Our development of a ‘true’ software defined radio is now possible with TechnoConcept’s technology that provides an RF chip that is fully reconfigurable using software programming. Eliminating the need for separate chips and antennas reduces space and cost in wireless devices as well as making valuable real estate available for additional functionality. 'Combining our patented, proprietary technology with the outstanding resources of Fujitsu Devices Inc.,' Mr. Turgeon concluded, 'creates a formidable partnership that could effectively commercialize specific applications and markets in Japan selected by Fujitsu Devices Inc.' Mr. Minoru Yamamoto, Sr. VP/GM, Strategic Marketing Group of Fujitsu Devices Inc., stated, 'TechnoConcepts’ TSR technology stands out as a huge advancement in the development of reconfigurable wireless communication devices and systems. We are excited by the opportunities to offer fully reconfigurable wireless solutions to existing, high-potential markets in Japan with particular emphasis initially on the inclusion of the TSR RF chip in cellular phone components. We look forward to a long and mutually successful relationship.' About TechnoConcepts TechnoConcepts (OTCBB:TCPS) 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 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. TechnoConcepts' subsidiary, Asante Networks Inc. (OTC:ASTN) is a leading provider of networking solutions for the small-to-medium business and education markets. Asante designs, markets and sells a full line of networking products that provide high-performance, reliable and value-based solutions. More information is available at www.technoconcepts.com and www.asante.com About Fujitsu Devices Inc. Fujitsu Devices Inc. is one of leading distributors in Japan for the marketing and sales of a wide range of electronic devices. Fujitsu Devices Inc. is 'a technology–intensive company' featuring 'proposal-based business' and 'dynamic development and design' accurately, and efficiently providing the appropriate electronic devices required by customers. Our efforts to introduce leading-edge technologies from both the Fujitsu Group and overseas companies result in the daily expansion of product lineups to meet the needs of an ever-diversifying and highly-advanced market. Industry-leading development and design engineering teams have been deploying their flexible technical support from contracted development to mass production in accordance with consumer demand. Additional information about Fujitsu Devices Inc. can be found at: http://jp.fujitsu.com//fdi/en/ -------------------------------------------------------------------------- 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 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 statement contained in this press release or with respect to the announcements described herein. Contacts: Media: Beverly Jedynak President Martin E. Janis & Company, Inc. 312-943-1100 ext. 12 bjedynak@janispr.com Investors: Donald C. Weinberger Managing Member Wolfe Axelrod Weinberger Associates, LLC 212-370-4500 don@wolfeaxelrod.com DGAP 22.02.2007 ----------------------------------------------------------------------
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