Finally !!! A Contract Announcement !!!
Wednesday September 5, 12:13 pm Eastern Time
Press Release
SOURCE: MSU Devices Inc.
MSU Devices Announces First Customer and Strategic Distribution Partner for New V5 Next Generation Internet Access Device.
DALLAS, TX, Sept. 5 /PRNewswire/ - MSU Devices Inc. (ticker symbol: MUCP.OB) announced today the signing of a sales and distribution agreement for the MSU Devices V5 product between its wholly owned UK-based subsidiary, Web2U Limited, and CPS Broadcast Products (CPS), one of The Netherlands' leading developers of advanced analogue and digital set-top boxes. MSU Devices V5 is a next generation Internet access device built upon years of experience initially begun in the UK with Web2U Limited.
Under this new agreement CPS Broadcast Products will become MSU Devices' distribution partner and has agreed to purchase 10,000 V5 devices for delivery in the fourth calendar quarter of 2001. CPS forecasts to purchase a further 30,000 devices in the next 12 months and 60,000 devices in the subsequent 12- month period.
CPS Broadcast Products, a member of the Pijnenburg group, specializes in the development and production of advanced analogue and digital set-top boxes for satellite, cable and terrestrial markets. Its broad knowledge of available technologies enables CPS to offer highly innovative development of broadcast devices and ensures solid design, development and production support.
``This agreement with CPS is the largest single sale in MSU Devices' history and we are thrilled to have such a significant company in Europe as our first major customer for our new next generation Internet access device'' said Mr. Bruce Walter, President & CEO of MSU Devices Inc. ``With CPS' market experience and MSU Devices' technological expertise, we fully expect to have a mutually beneficial long-term relationship.''
``CPS has been looking for a next generation Internet access device to satisfy its customer's needs for quite some time and we believe the new MSU Devices V5 is exactly what we have been looking for. It offers outstanding set- top box functionality for a price which is unrivaled in the industry to date,'' remarked Mr. Bart Brouwer, President & CEO of CPS Broadcast Products. He went on to say, ``CPS views this long-term relationship with MSU Devices as a major stepping stone for CPS to enter the Internet set-top box market.''
The MSU Devices V5 Internet access device is powered by a National Semiconductor® Geode(TM) processor and displays World Wide Web data on television sets and standard PC computer monitors and flat panel LCD. MSU Devices V5 utilizes the Microsoft® Windows®CE operating system and Internet Explorer(TM) 4.0, and features software applications including Pocket Word(TM) and readers for viewing spreadsheets and PDF files. Multimedia capabilities include Windows Media Player(TM), Macromedia® Flash(TM) and support for Java(TM) using Insignia Solutions'® Jeode(TM) Java virtual machine technology. The impressive software capabilities of the MSU Devices V5 allows customers to use the device as a set-top box for accessing the Internet including the World Wide Web; as an Internet appliance; or as a thin client with server-based computing applications. All names referred to herein are trademarks and/or registered trademarks of their respective owners.
MSU Devices V5 comes equipped with an infrared keyboard for use from close range such as on a desk or as far away as the living room sofa. Optionally, a user can use a standard wired keyboard/mouse, all attached through standard PS/2 connectors. Access to the Internet is through either a 56K modem or via standard Ethernet. Ethernet also allows a user to connect to the Internet using a broadband DSL or cable modem. MSU Devices V5 is also equipped with two USB ports, a smart card interface, and a PCMCIA interface and an expansion bus connector.
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.
About CPS Broadcast Products
CPS Broadcast Products is a wholly owned subsidiary of Pijnenburg Beheer N.V., its parent Dutch holding company founded by the principal shareholder, Mr. Cor Pijnenburg. Today, the company and its subsidiaries employ more than 100 engineers in research and development. The Pijnenburg group of companies have been successfully developing and manufacturing advanced technology products since 1972. Close cooperation between the different group members adds synergistic advantages to the specialist companies within the Pijnenburg group. These companies include:
Hagenuk CPS: With offices in Europe, USA, and Asia, Hagenuk CPS is a worldwide supplier of leading edge consumer telecommunications products including Caller ID delivery, secure smartcard devices for Internet appliances, screenphones and DECT technology.
SECUREALINK: Securealink is a leading worldwide innovator of Security Solutions in Silicon(TM). Securealink provides secure high-performance ICs supporting commonly used protocols. The company's secure chips are easily integrated into VPN and SSL appliances and devices, as well as secure smart- card readers.
Pijnenburg Heating Controls has been producing digital electronic control systems for heating appliances for more than twenty years. The innovative functions of Pijnenburg's operating systems greatly contribute to the optimum performance of central-heating installations. Pijnenburg Heating Controls also supplies interface circuits between its appliance controls and system controls. The company also develops software programs to support appliance development, test software for final assembly, and field tests and products for servicing installations in the field.
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. |
