OGPS - Where are they getting the satellite time from?
Monday December 6, 10:56 am Eastern Time
Company Press Release
Omicron Technologies Moves To Develop 2-Way Satellite Datacomm Service With E-Commerce For Use In Vehicles
Contracts BSQUARE to Write Auto PC Software; Service to Integrate DataComm with Navigation, Enabling New Marketing and Commerce Capabilities
BELLINGHAM, Wash--(BUSINESS WIRE)--Dec. 6, 1999-- Moving to develop satellite-based e-commerce and information services for vehicles and other mobile users, Omicron Technologies, Inc. (OTC BB: OGPS - news), announced that its Interactive Radio Corp. (IRC) subsidiary has contracted BSQUARE Corporation to develop software to run IRC's RadioSat system on the Microsoft Auto PC platform. RadioSat is a satellite-based integrated data communications and navigation service. In addition, IRC has signed an agreement with Vistar Telecommunications to acquire mobile terminals to be used for tests and demonstrations.
''These are key steps to enabling e-commerce and other commercial applications using our mobile communications technology,'' said Stephen Crosby, President of IRC. ''Our approach to combining 2-way telecomm services with GPS data will create a new portal for marketing and commerce capabilities.'' IRC will conduct initial demonstrations for strategic partners next month, he said.
A primary application of the RadioSat system, according to Crosby, will be to enable local broadcast radio stations to offer listeners an instant response capability to radio advertising and to link activity to web sites of radio stations and their business partners. It will also enable other Internet-based services for vehicles and other mobile users. Mr. Crosby stated, ''IRC management is designing a business strategy, a technology and service package that will serve as the premier portal for e-commerce and Internet access in vehicles.''
Crosby also announced that IRC has signed a memorandum of understanding with a major satellite company and is in the process of final negotiations to acquire significant satellite time. Details will be announced as they become available, he said.
BSQUARE (NASDAQ: BSQR - news), based in Bellevue, Wash., provides software products and services for the development of intelligent computing devices based on the Windows CE operating system. Microsoft Corporation (NASDAQ: MSFT - news) has been developing Auto PC software, based on the Windows CE 2.0 operating system, to combine audio and computer systems into complete information and entertainment systems for automobiles.
Omicron Technologies, Inc., is in the business of acquisition, research and development, and marketing of leading edge technologies and Internet-based business concepts. Through the combined strategy of identifying marketing niches and aggressive development of its business interests, Omicron anticipates success in attaining significant penetration in targeted markets.
OMICRON TECHNOLOGIES, INC. Barrett Sleeman, President
NOTE: Safe Harbor for Forward-Looking Statements Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of prices, product demand, market compensation, risk inherent in the company's international operations, imprecision of reserve estimates and the company's ability to replace and expand reserves.
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Contact:
Omicron Technologies, Inc.
Investor Relations, 877-903-2288
www.omicrontechnologies.com
www.radiosat.com
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