DNTK - Dauphin Announces Several Domestic & International Agreements; OraLynx Set-Top Box Progress on Schedule
PALATINE, Ill., Jan 30, 2001 (BUSINESS WIRE) -- Dauphin Technology, Inc.
(OTC.BB: DNTK) today released information pertaining to several business
engagements including sales agreements, partnership arrangements and expansion
plans, domestically and abroad. Such information is provided in an outline
format in this release, to be followed by detailed individual releases in the
immediate future.
"Our silence during the last few months has not quite represented our
accomplishments during this period," comments Mr. Andrew Kandalepas, CEO &
Chairman of Dauphin. "We have been positioning our products and relationships in
tandem for superior market penetration as soon as production units of our two
advanced products are ready to market in the very near future," Mr. Kandalepas
added.
- Dauphin's smart Set-Top Box, the OraLynx(TM) is progressing on
schedule and close to the start of production. Pre-production
units have been delivered to Estel Telecommunications, S.A. in
Thessaloniki, Greece during the week of January 22, 2001.
Deliveries of the units are in accordance with the
requirements specified within the contract between Dauphin and
Estel signed on August 31, 2000.
- Two sales and distribution agreements have been signed with
BEST Communications, S.A., located in Greece, whereby BEST
will market and distribute Dauphin's products throughout
Europe and the former Soviet Union. One agreement involves the
OraLynx (TM), and the other one involves the Orasis (R).
- A joint development and sales agreement has been signed with
Danaos Peripherals, LTD, a world leader in software
applications for the shipping industry, headquartered in
Piraeus, Greece. For several months now, Dauphin and Danaos
have been jointly developing a wireless Orasis Tablet PC
Solution to be used by Danaos' customers on vessels worldwide.
- Dauphin has started its expansion strategy in Europe with the
opening of a sales, marketing and customer service/support
center in Piraeus, Greece. Location and executive management
selections have been decided.
- Dauphin has entered into a technology partnership with Virata
Corporation to incorporate Virata's newest voice over internet
protocol (VoIP) technology into Dauphin's smart Set-Top Box,
thus making OraLynx (TM) the first STB to include the most
sophisticated technology for Voice over the Internet.
- The company has identified and is currently involved in
serious negotiations with several US companies for potential
merger(s)/acquisition(s) and strategic partnership(s).
Management's intentions are to align the Company with
complementary performing US Companies in efforts to maximize
its vast and expanding business opportunities.
The overwhelming response of the introduction of the OraLynx (TM) STB and the
Orasis (R) Tablet PC solutions at the 2000 Las Vegas Fall-Comdex Technology
Exposition has generated numerous prospects both in the U.S. and abroad. Details
of all events will be made public via individual press releases in the immediate
future
Dauphin Technology, Inc. a Palatine, Illinois based technology company with
manufacturing facilities in McHenry, IL and engineering facilities in
Schaumburg, Illinois, develops and markets hand-held tablet PC's and broadband
communications products.
Certain matters discussed in this news release are forward-looking statements
involving certain risks and uncertainties including, without limitations,
changes in product demand, the availability of products, change in competition,
economic conditions, various risks due to changes in market conditions and other
risks detailed in the Company's Securities and Exchange Commission filings and
reports.
CONTACT: Dauphin Technology, Inc., Palatine
Kathy Dimitropoulos, 847/358-4406 ext. 1217
dauphintech.com |
