Infowave signs multi-year wireless software agreement
BURNABY, BC, June 19 /CNW-PRN/ - Infowave Software, Inc. (TSE: IW - news) announced today that it has entered into a software license and development agreement with Intel Corporation under which Infowave agrees to provide wireless software technology and expertise.
Under the terms of the agreement, Infowave will provide wireless enterprise expertise, technology and product offerings for use with customized client and server solutions for new products being developed in Intel's New Business Group. Infowave will be compensated through a combination of engineering fees, royalties and license fees expected to begin in the third quarter of 2000. The term of the agreement is five years.
``Working with Intel will help us accelerate our technology development and further expand Infowave's channels to market,'' said Jim McIntosh, President and CEO at Infowave. ``Design and development have already been initiated on this exciting project.''
Infowave's software provides fast wireless access to the Internet, corporate Intranets, web-based applications and email for mobile workers who need real-time access to important desktop information, whether they're across the hall or across the country. Infowave's customers can choose from a spectrum of mobile devices including phones, pagers, handheld computers and laptops. Infowave's software sends the right information to the right device at the right time.
About Infowave
Founded in 1984, Infowave develops, markets and sells specialized software solutions for wireless computing and is headquartered in Vancouver, Canada. Infowave builds mobile business solutions that use the power of wireless communications to extend the reach of enterprise computing. Infowave for Exchange(TM) and Infowave for the Net(TM) are advanced and secure wireless solutions for connecting mobile workers to key corporate information and applications. Symmetry(TM) provides interactive wireless access to Microsoft© Outlook© email, schedules, contacts and calendar from pagers and PCS phones.
Note: Infowave Software, Inc. has trademarks for or has applied for a trademark for ``Infowave'', the Infowave logo, ``Infowave for Exchange'', ``Infowave for the Net'' and ``Symmetry''. All other trademarks are the property of their respective owners. Some of the above trademarks may be registered in certain jurisdictions.
This news release contains certain forward-looking statements concerning Infowave's expectation of future revenues and timing of announcement of those revenues, acceleration of technology development and the expansion of its distribution channels that are expected to result from Infowave's software license and development agreement with Intel Corporation. These statements are subject to a number of risks and uncertainties including Infowave's dependence on the continued interest, cooperation and performance of Intel, the continued interest of existing clients and development of interest by new clients in customized client and server solutions from Intel and Infowave's ability to successfully develop software solutions for Intel to defined specifications and deadlines. Forward-looking statements are based on management's beliefs, opinions and projections on the date the statements are made. Actual results could differ materially from those anticipated in these statements. Infowave undertakes no obligation to update forward-looking statements if circumstances or management's beliefs, opinions or projections should change. |
