I bought NCII:
Norris Communications Signs
Development Agreement to Develop
a Digital Voice Recorder
SAN DIEGO--(BUSINESS WIRE)--Aug. 10, 1998--Norris Communications Inc.
(OTC:NCII - news) today announced that it has signed an agreement to design and develop a digital voice recorder for Intel Corp [Nasdaq:INTC - news].
Under the terms of the agreement, Intel will provide one-time development funding for the design. Terms and conditions for use of Norris' technology in a production product, or in derivatives of the current development effort, have been established with Intel in the current agreement. The Intel development payments to Norris do not represent any form of equity investment.
Fred Falk, president and chief executive officer stated ''Norris pioneered the use of removable Intel flash memory for portable digital voice recording. We were also the first in the industry to interface portable digital recordings to the computer, providing high speed downloading. Intel's decision to contract with Norris reflects our position as a leader in the world of hand held digital recorder technology.''
Norris Communications Inc. is a San Diego-based company specializing in computer-compatible OEM products utilizing its proprietary MicroOS flash memory management system. Norris is an innovator in utilizing flash memory for digital voice, audio, image, video and data recording, storage, computer interface and playback. Norris licenses its technology for use in OEM products and also offers custom OEM development and manufacturing.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements relating to technology and product development that may impact on future results and the future viability of the company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors such as future products and results, technological shifts, potential technical difficulties that could delay new products, competition, pricing pressures and the uncertainty of market acceptance of new products by distributors and end-user customers.
Contact:
Robert Putnam, 619/679-1504 |
