Zi anticipates record 4th quarter revenue
CALGARY, AB, Dec. 31 /CNW/ - Zi Corporation (NASDAQ: ZICA) (TSE: ZIC), a
leading provider of intelligent interface solutions, announced today that it
anticipates reporting record revenue and improved operating performance for
the fourth quarter ended December 31, 2001.
Preliminary indications from Zi's licensees suggest a strong fourth
quarter in 2001 from the sale of mobile handsets embedded with Zi's
eZiText(TM) technology. Zi's outlook for its fourth quarter is supported by
reports of higher than anticipated seasonal sales in the consumer electronics
market sector.
"In 2001, Zi focused on implementations of its technology, the
development of next generation technology and its drive toward profitability,"
said Michael E. Lobsinger, chairman and chief executive officer of Zi
Corporation. "We are pleased that the number of products incorporating Zi's
eZiText(TM) technology have increased from 7 to 49 over last year, and we are
looking forward to the launch of our new generation technology in early 2002."
During the fourth quarter, Zi anticipates revenue from 17 of its 48
licensees compared with the 11 licensees who contributed to the company's
revenue in the third quarter. The company also estimates that by the end of
fiscal 2002, it will have 40 customers contributing to revenue, and that its
technology will be implemented on 120 different models and more than 40
million individual devices.
During the fourth quarter of 2001, Oztime, a recognized leader in China's
e-learning sector wholly owned by Zi Corporation, completed the development of
its Learning Management System (LMS). The company has agreements in place to
provide its LMS and e-content in the Chinese marketplace. Zi Corporation
intends to monetize its investment in Oztime based on the strength of Oztime's
recent advancements.
The company's Zi Services business unit continues to develop products and
services relating to Bluetooth(TM) and VoIP (Voice over Internet Protocol).
The market for Bluetooth(TM) enabled devices, particularly wireless headsets,
has begun its emergence. With strong prospects in both the Bluetooth(TM) and
VoIP markets in 2002, Zi feels that this will be an opportune time to evaluate
a listing or other means of unlocking shareholder value that the company
believes has not yet been recognized in Zi Services |
