Terocelo Inc.
Technoconcepts Updates Shareholders On Milestones Achieved and Outlook for Future
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 Updates Shareholders On Milestones Achieved and Outlook for Future Van Nuys, CA (June 1, 2007) – TechnoConcepts, Inc. (OTCBB:TCPS, UYE.FF) today announced that a 'letter to shareholders' providing an extensive update and outlook has been posted on the company’s website: www.terocelo.com Antonio Turgeon, Technoconcepts’ Chairman and CEO has provided an in-depth review of the company’s achievements during the past two-and-a-half years of effort, as well as an outlook as to what shareholders can expect going forward. As written, signs of this progress are not readily apparent in the measure of customer sales and earnings because such advancements 'must first be created, developed and perfected in the laboratory before they can be translated into sales and earnings,' states Turgeon. He writes: 'I am very pleased to tell you that your Company has made several remarkable technical and engineering ‘breakthroughs’ in wireless technology that we anticipate will soon become evident in our sales and earnings.' The report to shareholders outlines in more detail the following: · The formation of a world class group of scientists who are pre-eminent in their fields · An memorandum of understanding (MOU) with Fujitsu that centers around the company’s Lycon™ family of chips · The development of new reference design circuit boards containing the company’s receiver chip technology and transmitter chip technology, which are being reviewed by leading companies in the industry. · The development of new reference design circuit boards containing the company’s receiver chip technology and transmitter chip technology, which are being reviewed by some of the leading companies in the industry. · The development of a WiMAX Demonstration Platform to display audio, voice, and video data transmittal through the airwaves on multiple frequencies. · Updates on Jinshilin Techno’s business in the IPTV set-top box area. · Updates on Asanté Networks restructuring and its MOU with ZTE Corporation. · Planned wireless demonstrations in Seoul, Tokyo and Beijing. · Completion of a $6 million financing and the elimination of $8.8 million in debt. · The filing of new patent applications. 'Our list of achievements over the past years is indeed remarkable,' said Turgeon, who went on to note that 'most of the benefits of these efforts will be realized in 2007 and 2008.' 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 detailed 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 04.06.2007 ----------------------------------------------------------------------
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found