Nexar Technologies, Inc. (the "Company" or "Nexar") is a new class of
personal computer (PC) manufacturer which has developed what it believes is the
industry's first "future-ready" PC that is readily upgradable using industry-
standard components. Nexar PCs, which are based on patented and patent-
pending technologies, enable end-users to reduce total cost of ownership (TCO),
protect their technology investments and extend the lifecycle of their PC.
Unlike conventional PCs, NEXAR systems allow end-users to easily upgrade or
switch important components of the PC to accommodate emerging and future
technologies, resulting in a significant extension of the computer's useful
life. NEXAR sells a high-performance system which can be shipped to resellers
without the key system-defining components (microprocessor, memory and hard
drive), but which is otherwise fully configured. This ability:
. Enables the end-user, whether corporate or individual, to buy
a system configured exactly to that customer's technical and
budgetary requirements and, later, to easily upgrade the PC's
key components with industry-standard products.
. Enables the Company's resellers to offer Build-to-Order
capability in order to compete with direct marketers, such as
Dell Computer and Gateway 2000, because a NEXAR PC provides
resellers with the ability to promptly deliver a custom-
configured, high-performance PC at a competitive price.
The Company's objective is to become the industry leader in designing
and marketing PCs with technology which enables resellers and end-users, in an
easy and cost-effective manner, to upgrade and transition the central processing
unit (CPU) and the other key system-defining components in accordance with the
known and anticipated roadmaps of various makers of fundamental and leading edge
PC technology. NEXAR's current PCs feature the Company's patent-pending Cross-
Processor Architecture(TM) (NEXAR XPA(TM)) in which any one of several state-of-
the-art CPUs can be initially included or later installed, including Intel
Corporation's Pentium, Pentium Pro, Pentium II, dual Pentium II and compatible
CPUs. The Company also intends to develop the NEXAR XPA technology to
accommodate microprocessors based on other technologies. The NEXAR XPA allows
the CPU, random access memory (RAM), and cache memory to be replaced by
end-users without technical assistance. The Company's PCs also feature a
removable hard drive, permitting its replacement and the further advantages
of increased data portability and security, and the use of multiple operating
systems in a single PC. The Company does not market its products directly to
end-users, but instead distributes its products through a network of
international, national and regional distributors, value-added and other
resellers, original equipment manufacturers (OEMs), system integrators, computer
superstores, direct response resellers, and independent dealers.
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