From: newsout@canada-stockwatch.com
Date: Wed, 19 May 1999 02:19:22 -0700
Subject: Stockwatch: Research in Motion Ltd - News Release
To:
Research in Motion and Intel honoured
Research in Motion Ltd RIM
Shares issued 62,071,467 May 18 close $19.20
Wed 19 May 99 News Release
Ms. Judith Yaworsky reports:
An innovative and successful alliance between the world's largest chipmaker
and a world leader in wireless communications has won the 1999 award for
Canadian-American business achievement.
The prestigious award will be presented to Intel Corp., of Chandler, Ariz.,
and Research In Motion Ltd., (RIM) of Waterloo, Ont., by Canada's
Ambassador to the United States, Raymond Chretien and Stan Krejci,
president of the Canadian-American Business Council, during a luncheon
ceremony at the Canadian Embassy in Washington, D.C., June 17.
When Intel and RIM joined forces, they created the groundwork for a
breakthrough wireless device that allows mobile users to easily access
their corporate E-mail and personal organizer wherever they go. These users
also access information on the Internet and corporate intranets and even
trade stocks, all from the palm of their hand. Over the past nine months,
RIM's Inter@ctive Pager and BlackBerry have captured broad industry
attention and received numerous awards and accolades from analysts and
media across North America.
Several years ago, RIM defined an ambitious goal of producing a new device
that required a major breakthrough in integration of computing and wireless
technologies. RIM turned to Intel, one of its key technology suppliers, for
the computing solution. Intel redesigned the Intel 386 processor
(previously used to power desktop PCs) into a low power implementation that
operates on a single AA battery for weeks. Intel's embedded microprocessor
and flash memory technology provided a powerful and reliable foundation
which enabled RIM to evolve the common pager into a new standard for
wireless information appliances. As a result, Intel has been able to extend
its reach into the wireless marketplace and set new expectations for low
power Intel architecture processors. RIM has rapidly expanded its work
force to over 300 employees and has expanded the applications and
distribution of this product during its first year on the market.
Each year since 1995, the Canadian-American Business Council and its
foundation have recognized successful alliances between American and
Canadian firms whose joint business enterprise demonstrates business
growth, innovation, and community contribution. The award's winners have
included firms offering everything from automotive parts to environmental
engineering. On this, the fifth anniversary of NAFTA, "The Intel/RIM
alliance serves as a model for constructive international co-operation
between companies of different sizes," says CABC president Stan Krejci,
"and boosts the $1.5-billion per day in trade between our two countries
even further."
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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