Another Huge step for PFNH
Perfisans Networks Signs Letter of Intent With Inno-Tech Co., Ltd. Entering a Co-operation and Development Agreement
Tuesday March 28, 1:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 28, 2006 -- Perfisans Networks Corporation (PFNH) (OTC BB:PFNH.OB - News), a next-generation fabless semiconductor company focused on the burgeoning Gigabit Ethernet market, announced today that it has signed a letter of intent with Inno-Tech Co., Ltd., entering into a co-operation and development of products in the areas of networking, communication, and processor power, utilizing Perfisans' exclusive Gigabit technology. Under this letter of intent, Inno-Tech and PFNH will jointly develop products which will incorporate Perfisans' network accelerator chips ENA1001 TCP/IP offload capabilities and other technology that PFNH has developed and/or owns. The finished products will be targeted for the consumer market. Perfisans will profit from the sales and marketing channels which Inno-Tech currently owns.
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"Our relationship with Inno-Tech is a major step forward towards 'once again,' validating our technology, and as a result, penetrating the massive consumer electronics market," said To-Hon Lam, President and CEO of Perfisans. "This relationship will allow Perfisans the opportunity to enter into a new market segment with a proven and successful partner who possesses over 12 years of experience as a supplier of consumer electronics components. Inno-Tech has substantial expertise and business relationships in place with major consumer electronics manufacturers as well as very strong investment partners. Inno-Tech's TV game controllers are one of their major products, and the next generation Internet game controllers will be one of the targeted products utilizing Perfisans Technology. By integrating our technology into their chipsets, Inno-Tech can offer a far better and more cost-effective, high-performance solution to their demanding consumer base customers."
A detail agreement will be signed within the next 90 days once terms and details have been finalized by both parties.
ABOUT INNO-TECH CO., LTD.
Inno-Tech Co., Ltd. (www.inno.com.tw) was founded in 1993, and is based in Taipei of Taiwan. INNO-TECH develops hundreds of products including Memory IC, Cell phone charger IC, Micro-controller IC, Communication IC, Consumer IC, Caller ID IC, Battery protection IC, and ASICS. Inno-Tech has distribution channels covering all major countries. Investors of Inno-Tech include Darly Venture Inc. (www.darlyventure.com.tw) and Honder Holdings Ltd.
ABOUT PERFISANS HOLDINGS, INC.
Founded in 2001, Perfisans Holdings, Inc., a fabless semiconductor company, focuses on developing leading edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and delivering innovative solutions that address the performance needs of next generation network interface systems. Rapidly being recognized and endorsed by industry leaders for its innovative ASIC architectures, the Company's technologies have applications in data-telecommunication, storage networks, content delivery networks, broadband networks, and rich streaming media. |
