News from last week. This should be positive going forward...
Eiger Technology Inc. Announces Strategic Relationship with DataPlay
08:51 EDT Wednesday, October 25, 2000
TORONTO, Oct. 25 /CNW/ - Eiger Technology Inc. (Eiger), a leading manufacturer of MP3 Digital Portable Player is
pleased to announce that its subsidiary Eiger Labs Group Inc. has entered into a strategic relationship with DataPlay.
This strategic relationship will enable Eiger to design a MP3 Digital Portable Player that utilizes DataPlay storage device.
The most expensive part in a MP3 player is the flash memory it uses. DataPlay has developed a micro-optical engine and a
quarter-sized digital media as a storage device. The miniature DataPlay digital media is a recordable 250MB and 500MB
miniature optical disc that supports both users recordable and pre-recorded content and will retail between $5 and $12.
Compared to todays memory devices such as Smart Media, MMC and SD that cost more than $1.00 per MB, DataPlay
optical disc will cost only $.02 per MB. This definitely solved the high cost of memory requirements for MP3 Players.
This strategic relationship enhances the credibility of Eiger as a leader in advanced technology and provides enhanced
offerings to its current product line.
DataPlay, Inc. is the developer of universal media solutions for the delivery and management of all forms of digital content
across all digital devices and platforms. Visit DataPlay's website at www.dataplay.com.
Eiger Technology Inc. is headquartered in Toronto, Ontario. Through its facilities in South Korea, New Jersey and
California, Eiger offers its OEM customers SDMI compliant and Multi-Codec solutions like MP3, WMA, and AAC. As
well, Eiger designs and manufactures 56Kfax/modems, DSL modems and combination fax/ethernet cards for the OEM
market. Eiger is a publicly traded company listed on the Toronto Stock Exchange (symbol: AXA). Visit Eiger Technology
Inc.'s website at www.eigertechnology.com.
The management of the company take full responsibility for its content, prepared this press release. The Toronto Stock
Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
