HPON has secured multiple patents.
clearstation.etrade.com
GARDEN GROVE, Calif., Aug 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- Hop-On (HPON, Trade), the leading developer of disposable and fully recyclable cell phones, today announced that it has secured multiple disposable cell phone patents. The patents further strengthen Hop-On's competitive advantage, while providing a barrier to entry to other companies.
The patents were secured from the STX patent collection and have an effective filing date back to December 1995, which the Company believes pre-dates all other patents directed to disposable cell phone technology. These patents include very broad claims directed to a method of operating a disposable cell phone with pre-programmed minutes.
Peter Michaels, Chairman and CEO of Hop-On, commented, "We have worked very hard and made a substantial investment in developing our FCC approved CDMA phone. By successfully engineering unnecessary functionality and components out of the phone, we are able to provide the mass market with a viable, cost efficient way to communicate while on the go. By securing these latest patents, we have further enhanced our defensible competitive position in the marketplace, which we believe will lead to increased shareholder value for our stockholders."
About Hop-On
Hop-On (HPON, Trade) is the developer and marketer of the world's first disposable, fully recyclable and contract free cell phone. Its initial phone was approved by the Federal Communications Commission (FCC) and is a digital, single mode CDMA cellular handset that operates in the 800 MHz frequency band. Code Division Multiple Access (CDMA) is a digital wireless technology that was pioneered and commercially developed by Qualcomm. The phone is fully recyclable and will offer a rechargeable battery and the capability to add on additional minutes.
Hop-On's disposable cell phone provides a much-needed alternative to full service cellular contracts and prepaid calling cards. Unlike traditional cell phones, Hop-On's users will not incur long-distance charges, activation or roaming fees. The environmentally friendly phones will be recycled through the company's recycling plan. Underscoring the Company's commitment to consumer safety, Hop-On's hands free cell phone will be sold with and require an earpiece/microphone for operation. For more information, visit hop-on.com
CONTACTS:
David Pasquale, 646-536-7006, or Jim Olecki, 646-536-7021
Both of The Ruth Group, theruthgroup.com
This Company's news release contains forward-looking statements...... |
