Wednesday August 29, 8:23 pm Eastern Time
Press Release
SOURCE: MSU Devices Inc.
uData Net To Demonstrate MSU Devices' Next Generation V5 Internet Access Device At AMRA 2001 Utility Industry Trade Show.
DALLAS, TX, Aug. 29 /PRNewswire/ - MSU Devices Inc. (MUCP.OB) announced today that its next-generation V5 Internet Access Device will be shown in public for the first time September 9-12th by uData Net Corporation, Ft. Worth, Texas, at the Automatic Meter Reading Association 2001 International Symposium in Quebec City, Canada. The AMRA Symposium is the largest utility industry tradeshow dedicated to the collection of utility industry data and automated meter reading. It is attended by many of the world's largest energy industry companies.
In a previous press release dated February 22, 2001, MSU Devices announced a strategic relationship with uData Net. uData Net's uD3 technology allows utilities to perform remote meter reading via its new ``eReader'' application, and enables homeowners and utility companies to control home appliances remotely. uData Net intends to integrate its uD3 technology with MSU Devices' V5 Internet access device so as to allow homeowners and utility companies to communicate vital energy management information with each other via the Internet.
Mr. Ray Dittrich, VP Sales and Market Development of MSU Devices said, ``The utility industry is aggressively looking for energy management solutions like uData Net's uD3. It is very fitting that our first strategic partner, uData Net, will be our first partner to display for the first time our new V5 Internet access device.''
About uData Net Corporation:
uData Net Corporation (www.udatanet.com) was founded in 1999, with a history dating back to 1990, providing products and systems to collect metering data for utilities. uData Net designs, manufactures, and markets specialized functional and historical data collection devices utilized in a variety of industries. The Company produces over forty versions of its optical probe technology designed to support most major meters currently in use. Focused on the effective and efficient use of RF technologies combined with custom monitoring devices of functional data, uData Net continues to offer innovative solutions in the world of data collection. uData Net Corporation is headquartered at 120 S. Main Street, Ft. Worth, TX 76106. For additional information about uData Net Corp. products and services, contact uData Net at 817-624-5601, fax at 817-624-5602, e-mail at lv@udatanet.com.
About MSU Devices Inc.
MSU Devices Inc. designs, manufactures, markets and sells affordable and intuitive Internet access devices that enable end-users to communicate simply and easily using e-mail and by browsing the World Wide Web via the Internet. The company expects to launch in the fourth calendar quarter of 2001, its new Internet access device, the MSU Devices V5. MSU Devices' subsidiary in Milton Keynes, UK was formed in 1991 and has designed Internet access devices distributed in six countries. The forthcoming MSU Devices V5 can output World Wide Web data and e-mail to a TV, computer monitor and flat panel LCD. With Java virtual machine support for displaying Java applets found on World Wide Web sites, MSU Devices V5 can also be programmed using Java programming tools. The MSU Devices V5 will be powered by National Semiconductor's Geode GX1 processor and the Windows CE operating system. The MSU Devices V5 is being designed to feature a full range of software and connectivity options and will come fully featured to be used as a set-top box, Internet access device and a thin client. All names referred to herein are trademarks and/or registered trademarks of their respective owners.
Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. These risks and uncertainties include, without limitation, our history of significant operating losses which together with an inability to raise capital could impact on our ability to continue as a going concern, our limited sales history, the acceptance of our product by consumers, dependence on third parties for the manufacture of our product, rapid technological change, the pressures of a competitive industry and other risks set forth in the Company's filings with the SEC.
SOURCE: MSU Devices Inc. |
