March 30, 2012 – Richmond, British Columbia, Canada – Empower Technologies Corporation (TSX.V: EPT) (“Empower”) announces, further to July 25, 2011 news release “Empower Technologies Signs Supply Agreement for Purchase Orders with an Asian Automotive Camera & Electronics Manufacturer”. The Company is close to completing the development of two automotive products for the Taiwan customer. The customer has already notified the Company that it will issue a firm order and estimated quantities in April. The first delivery target date is tentatively set after the summer of this year.
On March 29, 2012, the Company has also completed and delivered a real time video transcoder system for a major Asia telecommunication company. Video transcoder works like a translator (converter). It takes the older (legacy) or the latest large video format for VCR, CD/DVD players or other non-mobile devices and converts (translates) it into the H.264 video format for iPhone, iPad, Android smartphones/tablets or other mobile devices. This product provides real time transcoding capability for wireless carriers to transcode various legacy video format into mainstream mobile device video format for real time mobile video streaming services.
Further to February 16, 2012 news release, The Company has completed the legal documentation and security of the loan. As a result, Empower has started loaning funds to Northstar Network to continue its sales effort. Due to the heavy workloads and the process, Empower now expects the closing of the purchase of Northstar Network on or before April 30, 2012.
The Company has received TSX Venture Exchange approval on March 8, 2012 to complete the conversion of the directors’ debt into Empower common shares as stated in the December 22, 2011 news release.
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.
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, 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.