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, Calif--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.â€Â
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