[Marinir] {Disarmed} Empower Technologies Signs Supply Agreement for Purchase Orders with an Asian Automotive Camera & Electronics Manufacturer

[Infostock]

 Click here
http://www.actonsoftware.com/acton/ct/1523/s-001c-1107/Bct/l-0002/l-0002:15bcd/ct0_1/1
 to view this message in a browser window

http://www.empowertechnologies.com 

NEWS RELEASE 

Empower Technologies™ Signs Supply Agreement for Purchase Orders 
with an Asian Automotive Camera & Electronics Manufacturer 

July 25, 2011 – Richmond, British Columbia, Canada – Empower 
Technologies Corporation 

http://www.empowertechnologies.com 

(TSX.V: EPT) ("Empower") is pleased to announce, further to the April 
11, 2011 news release regarding "MOU (Memorandum of Understanding) with 
Asia Automotive Electronics Developer and Manufacturer" that it has 
signed the definitive Supply Agreement and Joint Product Development 
Agreement ("Agreements") to integrate Empower's proprietary Image Signal 
Correction (ISC) Technology into their latest automotive camera system 
product offerings. Under the Supply Agreement, all future Purchase 
Orders will be issued to Empower to supply the company's ISC Technology 
to its Taiwan automotive camera manufacturing partner. 

Empower's proprietary real time Image Signal Correction Technology 
corrects unclear images caused by fog, smog, smoke, dust, rain, snow or 
heat waves. This enhancement enables the viewer to clearly monitor 
conditions in real time and make crucial decisions in countless driving 
situations. 

The automotive camera manufacturer has identified Empower Technologies 
as the leader in the market today in offering the Image Signal 
Correction (ICS) feature to correct distorted camera & video images in 
real time caused by severe weather and extreme environmental conditions. 
Used in any vehicle, these cameras will perform live computerized video 
analytics for automated safety warnings such as Lane Departures, Front 
End Collisions or Blind Spot Monitoring in any weather conditions except 
whiteouts. 

Several key markets of this automotive camera system manufacturer 
include but are not limited to China, Japan, India and Korea. For China 
alone, it produces 17.5 million vehicles a year. Japan is not far behind 
in terms of the number of vehicles they produce worldwide. India is in 
its infancy and growing rapidly. The total size of this market is over 
30 million vehicles a year. Empower and their partners are targeting to 
have 2 - 5% penetration in the first two years and 10% within the first 
5 years. 

The automotive camera system manufacturer has already started the sales 
and marketing of their current version of the automotive camera system 
and will incorporate Empower's ISC technology with all new offerings. 

Last year, a number of major Asian automotive parts suppliers, heavy 
vehicles and car manufacturers ("customers") were engaged in the process 
of product certification. Once the ISC Technology enabled automotive 
camera system is available, it will accelerate customer acquisition and 
acceptance. Building on these sale channels, Empower and its Taiwan 
partner plans to achieve a 10% market share ahead of the first 5 years 
sales targets. 

Empower Technologies will expand the sales of the company's ISC 
technology with other partners and customers, targeting the camera 
developers & manufactures, the automotive industry, major defense 
contractors, surveillance imaging equipment manufacturers, government 
agencies, first responders, homeland security, and the military. Paul 
Leung CEO states "With this agreement in place Empower Technologies has 
moved from Research & Development to revenue generating commercial 
production with the Asian partners." About Empower Technologies™ 

Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative 
company that brings the power and flexibility of the LEOs® (Linux 
Embedded Operating System) to the dynamic embedded computing Industry 
and the emerging Intelligent Appliance Market, through their development 
of Linux-based operating software and embedded system technologies and 
solutions. 

The products and services that form the base of its business activities 
include an embedded system development platform for LEOs®, based on 
Texas Instruments™ embedded CPU platform, that fulfill the needs 
and demands of developers and the embedded computing Industry. Empower 
is continuing to develop LEOs® and newer versions of embedded CPUs in 
line with Texas Instruments™. 

By uniting top professionals from within the computer industry and 
developing quality partnerships and strategic alliances, Empower is 
committed to being the leading developer of Linux-based operating 
software and embedded system technologies and solutions for electronics 
manufacturers and developers. 

Empower's brands are "LEOs®", "LinuxDA™", Linux-based embedded 
operating systems, "BullsEye" Video Imaging Technology, 
"PowerPlay™", smart consumer electronics. 

Contact Information: 

Media Enquiries: mediaenquiries at empowertechnologies.com or via Tel @ 
(604) 278-3100 

Investor Relations: investorline at empowertechnologies.com 604-574-7555 or 
1-855-teatyn1 

More Information on Empower Technologies: www.empowertechnologies.com 

http://www.empowertechnologies.com 

Sales Enquiries: sales at empowertechnologies.com or via Tel @ (604) 
278-3100 

Paul Leung 

Chairman, President and CEO 

Empower Technologies Corporation 

# 130-3751 Shell Road 

Airport Executive Park 

Richmond, BC, Canada V6X 2W2 

The statements contained in this news release that are not historical 
facts are forward looking statements. Such statements are based on 
management's estimates, assumptions and projections using available 
information. The company cautions that actual financial results could 
differ materially from the current expectations due to a number of 
factors. 

Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that terms are defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 

Empower Technologies, LEOs, PowerPlay, LinuxDA and BullsEye are the 
trademarks of Empower Technologies, Inc. All other brands are trademarks 
of their respective owners. 

--------------------------------------------------------------------------------
*********************************************************************
Disclaimer: KCrew Communications was paid to distribute this Infostock bulletin.
KCrew Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for Infostock.
You may opt out at any time using the unsubscribe feature at the bottom of this email.
For more information about this service, please see http://www.infostockbiz.com
http://www.infostockbiz.com

KCrew Communications Inc. at 1.866.465.3616
Suite 1250 - 789 West Pender St., Vancouver, BC Canada V6C1H2.
This email complies with the US Federal CAN-SPAM Act of 2003
*********************************************************************

If you do not wish to receive futher emails Click Here
http://www.actonsoftware.com/acton/rif/1523/s-001c-1107/-/l-0002:15bcd/l-0002/zout
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://www.polarhome.com/pipermail/munindo/attachments/20110726/af0bdeea/attachment.html>