Telepanel Systems - TLS Message Board

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Gold/Mining/Energy : Telepanel Systems - TLS

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To: Philip Benson who wrote (78)	2/21/1997 3:56:00 PM
From: Clark Kent	of 948

Hi Philip...can you or anyone else comment on the significance of this release I just received. Federal grant received; Stop & Shop contract signed Telepanel Systems Inc TLS Shares issued 16,978,163 Feb 20 close $2.75 Fri 21 Feb 97 News Release Mr Chris Skillen reports The company has been awarded a significant grant under the National Research Council's Industrial Research Assistance Program (IRAP). The IRAP grant will support the company's R&D to advance the company's electronic shelf labeling product. This relationship in the short and long term will allow the company to receive substantial grants towards R&D in addition to obtaining access to world renowned experts and facilities. The company will be working in conjunction with the Communications Research Centre (CRC) on enhancements designed to sustain the company's market leadership in the electronic shelf labeling industry. The CRC with over 200 engineers and scientists and state of the art laboratory facilities conducts leading edge R&D in key areas of specific application to the company including wireless communication, antenna technologies, microwave and digital integrated circuits and new semi-conductor materials. The CRC is recognized as the leader in all forms of radio frequency communications. The CRC has collaborative agreements with world renowned research institutes including NATO, CNET in France, ETRJ in Korea and CRL in Japan and arrangements with over two dozen research organizations in North America, Europe and Asia to keep abreast of the latest developments in communications. These alliances are of particular interest to the company as it has significant operations in the US and in Europe. Further to the announcement of January 30 1997 (Stockwatch, January 31), the company has now signed a definitive contract with The Stop & Shop Supermarket Company to install the company's electronic shelf labels in 33 of its Connecticut locations this year.

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