NEWS RELEASE

Empower Technologies™ Reports Q3 2008 Results

Richmond, British Columbia – Nov 28, 2008 Empower Technologies Corporation (TSX-V: EPT) today reported its financial results for the period ended September 30, 2008. Empower (or “the Company”) is a provider of embedded system technologies and solutions.

Highlights for the period ended September 30, 2008 (the “Quarter”), updated to Nov 28, 2008, include:

  • Revenues for the Quarter were $89,818, compared with $17,834 for the quarter ended September 30, 2007.

  • Loss for the Quarter was $0.7 million, compared with $0.8 million for the quarter ended September 30, 2007.

  • Cash used in operating activities decreased to $0.6 million from $0.8 million for the quarter ended September 30, 2007.

  • Receiving the first sales order to customize and supply the Empower embedded computer and software technology for two new infotainment demonstration systems from a well recognized transportation equipment supplier. In today's energy cost sensitive business, such as transportation, Empower's embedded computer and software technology will supply a light weight, low power, low heat, high performance and cost efficient Single Board Computer and embedded software for use in the digital infotainment systems to save fuel without eroding user experience and satisfaction.

  • Announcing their first customer Jogtek Corp of Taiwan for the yet to be announced new Single Board Computer-SBC3530, Empower's most powerful Single Board Computer with wireless options and features that cover a wide range of commercial and industrial applications. Jogtek is a developer and manufacturer of RFID products and technologies. Empower has signed a Memorandum of Understanding (MOU) with Jogteck to partner and to develop Jogtek's latest mass market RFID based Interactive Marketing System (IMS) for the retail and hospitality industry.

  • Signing a distribution agreement with Kane Computing Ltd. to sell and support their high performance TI DaVinci based development kits and single board computers in the UK and Ireland.

The consolidated financial statements and the Company's Management Discussion and Analysis (‘MD&A') as at September 30, 2008 were prepared in accordance with Canadian generally accepted accounting principles. The full statements and MD&A are available on SEDAR (www.sedar.com).

 

About Empower Technologies™

Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative company that brings the power and flexibility of the LEOs® (LinuxDA™ 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 and “PowerPlay™”, smart consumer electronics.