Terocelo Inc.
TechnoConcepts Inc.: TechnoConcepts Starts Trading in Frankfurt / Company Provides a New Generation of Chip Design
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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TechnoConcepts Starts Trading in Frankfurt
Company Provides a New Generation of Chip Design
TechnoConcepts, Inc., a Colorado-based fabless semiconductor developer that
has developed a unique chip for wireless communication, has commenced
trading on the Frankfurt Stock Exchange, with the symbol UYE (WKN:A0CAQZ).
This marks the company’s entry into the European financial markets.
Antonio Turgeon, Chairman and Chief Executive Officer of TechnoConcepts, is
in Europe this week meeting with members of the financial community to
brief them on TechnoConcepts technhologies and opportunities.
Since the company’s founding in 2003, TechnoConcepts is following in the
footsteps of CDMA market leader Qualcomm, concentrating on the design of
chips for wireless communication and networking without actually owning a
production plant. The company’s stock is listed on the OTC segment of the
US-technology stock exchange NASDAQ since early 2004.
‘We are delighted to commence trading in Europe through the Frankfurt
market,’ Mr. Turgeon said. ‘The European market is an important one for
us, and investors should find that TechnoConcepts is poised for significant
growth in the relatively near future. Since 2003, we have invested over
fifteen million dollars (USD $15,000,000) to bring this technology from a
conceptual innovation to the point where it is soon to enter
commercialization and we look forward to updating investors on a regular
basis as to our progress.’
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.
(c)DGAP 23.11.2006
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