Terocelo Inc.
TechnoConcepts Inc.: TECHNOCONCEPTS’ CHINESE SUBSIDIARY REACHES FIRST MILESTONE WITH SHIPMENT OF IPTV SET TOP BOXES
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The issuer is solely responsible for the content of this announcement.
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TECHNOCONCEPTS’ CHINESE SUBSIDIARY REACHES FIRST MILESTONE WITH SHIPMENT OF
IPTV SET TOP BOXES
COOPERATION AGREEMENT CALLS FOR DELIVERY OF 2 MILLION UNITS BY END OF 2009
Van Nuys, CA (November 20, 2006) – TechnoConcepts, Inc. (OTCBB:TCPS)
announced that its Jinshilin Techno Ltd. subsidiary in China completed its
first milestone by shipping set-top boxes to the Shanghai Forests
Information Technology Co. Ltd. and the Television and Broadcast Bureau of
the Henan Province. The units shipped Friday will be integrated into an
IPTV (Internet Protocol Television) demonstration network being built by
Shanghai Forests in cooperation with Alcatel Network Support System Company
Inc. for the Bureau’s project to supply in-home television service to the
rural residents of the Henan Province.
The second milestone calls for shipment of an additional 100,000 units by
June 2007 for deployment in Shangqiu, a city with two million rural users.
By the end of 2009, the subsidiary expects to have shipped two million
units according to its Cooperation Agreement with Shanghai Forest.
‘This shipment marks a significant accomplishment for Jinshilin Techno,’
said Antonio Turgeon, Chairman and CEO of TechnoConcepts. ‘Today’s
shipment of the first set-top boxes validates our efforts expended over the
past year. This puts us well on the way to establishing our revenue
producing activities in this area.’ Turgeon has already said that this
project could have a value of approximately $200 million to Jinshilin
Techno when all units are fully deployed. This revenue stream would be
separate from the company’s True Software Radio(TM) technology, which is
nearing commercialization. Turgeon additionally stated that ‘due to the
magnitude of this project, Alcatel Network Support System has initiated an
extensive deployment planning program to assure timely completion of the
full two million units.’
About TechnoConcepts Inc.
TechnoConcepts (OTCBB:TCPS) designs, develops and markets semiconductors
for wireless communications. The Company has developed and patented True
Software Radio(TM), a proprietary technology that creates convergence for
the wireless industry. True Software Radio(TM) 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(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 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.
About Jinshilin Techno Ltd.
Jinshilin Techno Ltd. (‘Jinshilin Techno’) is TechnoConcepts’ subsidiary
based in Shanghai, China, providing marketing, sales and technical support
for True Software Radio(TM) technology in China. The company acquired IPTV
Set Top Box (STB) technology through license agreements with Jinshilin
Technologies Development Company Ltd., a technology company specializing in
research, development and applications of video and audio technology and
embedding technology (‘Jinshilin’). The company also acquired rights to all
of Jinshilin’s intellectual property, including pending patent
applications. Jinshilin Techno continues to develop new technology and new
patents for Internet Television (IPTV), Stream Media Protocol Processing,
and Broadcasting Software for IPTV-STB, IPTV-STB providing On-Line Family
Real Time Payment Service. Jinshilin Techno expects future generation
set-top boxes to will support multi-protocol wireless connectivity with
television, DVD players and other multi-media appliances, by integrating
True Software Radio(TM) into Jinshilin’s IPTV-STB.
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.
Martin E. Janis & Company, Inc.
Beverly Jedynak, 312-943-1100 ext. 12
bjedynak@janispr.com
(c)DGAP 29.11.2006
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