FOR IMMEDIATE RELEASE
Empower Technologies™ Announces Appointment of New Director
June 13th, 2014 – Vancouver, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT) (“Empower”) is pleased to announce that Mr. Masaaki Yasukawa (“Yasukawa-san”) has been appointed to its Board of Directors.
Currently, Yasukawa-san is retained by a European corporation to head a joint venture assignment in Japan. Most recently, he was the Country General Manager of Lexmark International for Japan. He had been CEO for Anoto Maxell KK and Nam Tai Electronics Inc. Prior to that, he was with Seiko Epson Corporation for 25 years held various positions in Japan and overseas within the organization. His last post at Seiko Epson was General Manager. Yasukawa-san is a graduate of the prestigious Tokyo University in mechanical engineering. He also received his MBA from the University of Michigan in the US.
Yasukawa-san’s immense knowledge in the consumer electronics industry, international and major corporate sales and marketing experience and in-depth management skills in some of the largest consumer electronics and OEM corporations in the industry are valuable asset for the Empower board and the senior management to draw on. This is especially important for Empower as the Company is entering the Internet of Things economy to have a senior advisor like Yasukawa-san to assist the board and the senior management to plot the best path to become a dominant world class Internet of Things Service Provider.
The term Internet of Things (commonly abbreviated as IoT) as defined in the Cisco website (http://www.cisco.com/web/solutions/trends/iot/overview.html) “is the network of physical objects accessed through the Internet, as defined by technology analysts and visionaries. These objects contain embedded technology to interact with internal states or the external environment. In other words, when objects can sense and communicate, it changes how and where decisions are made, and who makes them.”
Empower is at the forefront of delivering Internet of Things products and services to the consumers and business customers. The objects as it is commonly referred to in the Internet of Things (IoT) are really everyday devices consumers and businesses already familiar with and being applied in everyday convenience. These objects include electronics inside vehicles, alarms, surveillance camera, smartphone, tablet computer, TV, the utility meters (power, water and gas) and even your thermostat. They will all be connected using the latest internet and communication technology. Internet of Things economy encompasses all those devices (objects) and they must be managed or hosted. Internet Service Providers such as AIC Global Communications Inc. (a wholly-owned subsidiary of Empower) already have the infrastructure, IT platform, sales and marketing channels and the subscriber base to capture the IoT consumer and business market that demands security, reliability, safety, privacy and most important – secure connectivity to the internet/communication network at all time. The market and the opportunity for IoT will dwarf that of the PC, dotcom and social media markets combined.According to research reports from Gartner and ABI Research, there will be more than 25 to 30 billion IoT (Internet of Things) devices wirelessly connected to the Internet by 2020.
With the addition of Yasukawa-san to the Empower board, the Company is set to thrive and to prosper in the IoT economy.
The Appointment is subject to acceptance by TSX Venture Exchange.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the expected benefits of the acquisition of AIC are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Empower’s expectations include actual sales results, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other risks detailed herein and from time to time in the filings made by Empower with securities regulators. Although Empower has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this news release. Empower disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Empower Technologies™
Founded in 2000, Empower Technologies Corporation (TSX.V: EPT) is the holding company for Empower Technologies, Inc. and AIC Global Communications Inc. Empower Technologies (Canada) Inc. is the subsidiary of Empower Technologies, Inc. Empower Technologies and its subsidiaries have transformed from an embedded technology group of companies to a full-fledged revenue producing enterprise through its subsidiaries. Empower Technologies as a group caters to communication, VoIP service, TV and media, IT, security and surveillance, military, automotive and transportation, healthcare, industrial control and consumer electronics industries. For more information, please visit www.empowertechnologies.com.
Empower Technologies group of companies’ brands are “AIC”, “LEOs®”, Linux-based embedded operating systems, “BullsEye”, Real-Time Video Stabilizer, “PowerPlay™”, smart consumer electronics.
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Empower Technologies Corporation
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Empower Technologies, LEOs, PowerPlay and BullsEye are the trademarks of Empower Technologies, Inc. AIC is the trademarks of AIC Global Communications Inc. All other brands are trademarks of their respective owners.