News!From: <alerts@GlobeinvestorGOLD.com>
To: <ianorr@telus.net>
Subject: EPT-X: Empower Technologies(tm) Announces Signing of Joint Product Development Agreements with a World Leading Japanese 360 Degree Camera Manufacturer
Date: May-02-11 6:01 AM
GlobeinvestorGOLD.com Company News Alert for Empower Technologies Corp.
========================
Empower Technologies(tm) Announces Signing of Joint Product Development Agreements with a World Leading Japanese 360 Degree Camera Manufacturer
Filing Services Canada Inc.
FSC / Press Release
Empower Technologies(tm) Announces Signing of Joint Product Development Agreements with a World Leading Japanese 360 Degree Camera Manufacturer
Richmond, British Columbia CANADA, May 02, 2011 /FSC/ - Empower Technologies Corporation (EPT - TSX Venture), announces signing of two joint product development agreements (the "Agreements") with OPT Corporation ("OPT") of Nagano-Ken, Japan (https://www.optnagano.co.jp/).
OPT Corporation is the world leading 360 degree camera manufacturer. OPT was licensed to the patents, manufacturing and sales of the 360 degree camera from Sony in March 2007. OPT has since then applied other patents to strengthen its lead against other competing 360 degree camera manufacturers. The original Sony patents are based on a 360 degree single lens camera with no mechanical moving parts and it is blind spot free. OPT is the world leading manufacturer with its own blend of patented and licensed 360 degree single lens camera technology.
The first joint development agreement calls for Empower and OPT to reengineer the existing OPT patented 360 degree omnidirectional surveillance camera using Empower's high performance single board computer embedded with their proprietary Linux Embedded Operating System ("LEOs") and the proprietary Image Signal Correction ("ISC") Technology.
The second Agreement requires OPT to design, develop and supply a new custom 360 degree lens that works with Empower's new imagery system.
Empower's proprietary real time Image Signal Correction Technology or ISC is comprised of a fine-tuned high power single board computer, Empower's proprietary LEOs (Linux Embedded Operating System) and high performance image processing software. The proprietary high performance image processing software provides real-time dehazing, deblurring, dewarping, denoising, color and contrast enhancement functions utilizing the powerful Empower embedded computing hardware. The technology is suitable for cameras deployed indoors or outdoors in harsh environments under any lighting condition. Empower's proprietary real time Image Signal Correction Technology reduces any fogged up image due to fog, smog, smoke, dust, rain, snow or heat waves to clarify any images enabling the monitor of the live situation to see clearly and thus make a better decision.
The 360 degree omnidirectional fisheye lens camera is a major improvement over the conventional directional camera. The 360 degree omnidirectional camera is able to satisfy many applications that conventional directional cameras cannot fulfill. For example, the 360 degree camera provides blind spot free panoramic vision in front or rear view cameras in automobiles, trucks, buses and amongst other transportation. The camera's light weight (as low as 65 grams), no moving parts and no-blind spot panoramic lens result in lower maintenance cost and increased reliability and effectiveness.
The 360 degree cameras developed by OPT and Empower will be a major advancement in the security and surveillance, automotive and military markets. Upon completion, the 360 degree omnidirectional camera products will be sold through OPT, Empower and other established distribution channels.
About Empower Technologies(tm)
Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative company that brings the power and flexibility of the LEOs(r) (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(r), based on Texas Instruments(tm) embedded CPU platform, that fulfill the needs and demands of developers and the embedded computing Industry. Empower is continuing to develop LEOs(r) and newer versions of embedded CPUs in line with Texas Instruments(tm).
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(r)", "LinuxDA(tm)", Linux-based embedded operating systems, "BullsEye" Video Imaging Technology, "PowerPlay(tm)", smart consumer electronics.
Contact Information:
Media Enquiries:
mediaenquiries@empowertechnologies.com or via Tel @ (604) 278-3100
Investor Relations: investorline@empowertechnologies.com 604-574-7555 or 1-855-teatyn1
More Information on Empower Technologies: www.empowertechnologies.com
Sales Enquiries: sales@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.
To view this release as a web page, please click on the following link:
https://www.usetdas.com/pr/empower05022011.htm
Source: Empower Technologies Corporation (TSX-V EPT) htt://www.empowertechnologies.com
Maximum News Dissemination by Filing Services Canada Inc. https://www.usetdas.com
Advertisement---------------------------------------
BMO InvestorLine.
Visit bmoinvestorline.com
https://ad.doubleclick.net/clk;3870060;6834524;h?https://www.bmoinvestorline.com
----------------------------------------------------
To edit your GlobeinvestorGOLD alerts, go to:
https://gold.globeinvestor.com/generated/hubs/alerts.html
----------------------------------------------------
If you no longer wish to receive this alert, go to: https://golddb.globeinvestor.com/invest/investSQL/port_fcf.alert_news
----------------------------------------------------
Stock Alert data is provided for informational purposes only, and is not intended for trading purposes.
CTVglobemedia publishing Inc. and its related entities and all their employees assume no liability for inaccurate or incomplete information on this site, or for any missing information. The information is provided by multiple data suppliers without verification by Bell Globemedia Publishing. Past performance is not necessarily indicative of future performance. Prior to making any investment decision, consult directly with the individual or firm, and with a qualified investment advisor.
----------------------------------------------------
Copyright 2011 CTVglobemedia publishing Inc. All Rights Reserved.