All...FYI...anyone else aware of this?
This 7/8 PR was NOT listed on AOL Investment Snapshot for CRUS:
[actually, neither was the Cirent transfer PR of 6/29!!]
Teknema Announces Formenti-Seleco Group of Italy Licensed Internet Appliance Technology
Business Wire - July 08, 1999 01:16
PALO ALTO, Calif.--(BUSINESS WIRE)--July 8, 1999--Teknema, Inc. of Palo Alto, a leading supplier of technology and solutions for Internet appliances, announced today that Formenti-Seleco of Italy has licensed its Internet software suite and appliance hardware reference design.
Formenti-Seleco will use Teknema's technology to bring to market the Home CTV, an Internet-enabled television set, an innovative consumer oriented product for web surfing, e-mail, and watching television, with an easy to use remote control and wireless keyboard.
"The agreement with Teknema marks the first step of our Group into new advanced and strategic multimedia markets. We have chosen Teknema as the best technology partner to go with," said Giovanni Formenti, CEO of Formenti-Seleco Group.
The Teknema Internet appliance technology used in the Home CTV includes an ARM 32-bit RISC multimedia processor designed by ARM Ltd. (Nasdaq:ARMHY) and manufactured by Cirrus Logic (Nasdaq:CRUS), a built-in modem network interface, a printer port, and a smartcard reader.
"We're pleased that Formenti Group has made this step and commitment to Teknema and to our open architecture approach. Teknema is playing a leading role in enabling devices to link users to the Internet without having a computer," said Marco Graziano, President & CEO of Teknema.
The Teknema Internet appliance platform includes an HTML 3.2 browser, POP3 and IMAP email, JavaScript, security and encryption for electronic commerce and it is available for use in a number of Internet appliances, including TV set-top boxes, Web phones, kiosks, DVDs, home automation systems. Hardware and systems manufacturers can license the Teknema Internet appliance platform for their hardware designs, or use the Teknema set of hardware modules to build Internet appliances.
The Formenti Group of Italy has been operating for more than fifty years in the consumer electronics market, manufacturing and marketing TV sets, industrial monitors and multimedia systems.
Teknema is an Internet technology company dedicated to the emerging market for information appliances that connect users to the Internet. For a fast path to Internet appliances, contact Teknema at 650/855-0500, email sales@teknema.com or visit www.teknema.com.
CONTACT: Teknema, Palo Alto
Walter Paliska, 650/855-0500
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