OGPS News
BELLINGHAM, Wash.--(BUSINESS WIRE)--Sept. 9, 1999--Omicron
Technologies,
Inc. (OTC BB:OGPS) is pleased to announce that it has acquired a revolutionary
satellite-based radio technology through its
wholly owned subsidiary, Interactive Radio Corporation.
Omicron will issue a total of 5,000,000 restricted common shares to ViaSpace Radio
Inc. and Radio Satellite Corporation in
exchange for a 100% ownership interest. This digital technology, covered by three
detailed patents, will combine navigation,
broadcast and two-way communication services to provide mobile users with innovative
e-commerce, e-mail, digital quality
music, travel, security, global positioning and gaming all at a relatively low cost. The
initial marketing focus will be on the
automotive, trucking and recreational vehicle markets.
Interactive Radio Corporation's management team will be headed by Dr. Carl
Kukkonen as Chairman. Most recently, Dr.
Kukkonen was Director of the Center for Space Microelectronics Technology and
Manager of Supercomputing at NASA's
Jet Propulsion Laboratory, a division of the California Institute of Technology (Caltech).
Previously, Dr. Kukkonen was a
research physicist with Ford Motor Company (NYSE:F - news). Kukkonen stated,
''Our new radio technology has the
potential to fundamentally alter the relationship of people to their cars. This is truly an
opportunity to change the world.'' Head
of the technical team will be Gary Noreen who was the lead developer of this
technology over the past 10 years. Mr. Noreen
has been coordinating the development of the communications network for NASA's
Mars mission as a Senior Engineer at the
Jet Propulsion Laboratory.
The patented technology allows the use of existing underutilized satellite capacity to
provide these services anywhere in North
America. A standard satellite to be launched this year could extend coverage throughout
south Asia, and another standard
satellite, to be launched next year, will provide coverage throughout Europe, North and
Central Africa, the Middle East,
Central Asia and the Indian Sub-continent. Interactive Radio Corporation will be
pursuing agreements with various satellite
owners to ultimately provide worldwide coverage for its product.
Interactive Radio Corporation's two-way patented architecture offers many unique
services in addition to the standard one-way
digital audio services of CD Radio (Nasdaq:CDRD - news) and XM Satellite Radio, a
wholly owned subsidiary of American
Mobile Satellite Corporation (Nasdaq:SKYC - news). For more information and to
test-drive Interactive Radio Corporation's
virtual prototype visit www.radiosat.com
An Unterberg Harris analyst report for U.S. Digital Audio Services estimates that the
U.S. digital radio market alone will reach
$2.13 billion by 2004. Further, the Yankee Group estimates that the satellite radio could
reach 43 million U.S. subscribers by
the year 2004. Interactive Radio Corporation anticipates that that the majority of its
revenues will be derived from services
other than just digital radio, such as e-commerce.
Omicron Technologies, Inc. is in the business of acquisition, research and development,
and marketing of leading edge
technologies for the Aerospace, Telecommunications, Defense, Consumer Electronics
and Internet-based business concepts.
Through the combined strategy of focusing on marketing niches and speedy
development of its proprietary technologies,
Omicron expects to gain significant market penetration in these areas.
For further information, contact us toll free at:
Telephone : 877/903-2288
Web sites : www.omicrontechnologies.com
www.4value.com
www.market-infocom.com
www.thesubway.com
OMICRON TECHNOLOGIES, INC. Barrett Sleeman, President
NOTE: Safe Harbor for Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are
forward-looking statements that are
made pursuant to the safe harbor provisions of the Private Securities Litigation Act of
1995. Forward-looking statements
involve known and unknown risks and uncertainties that may cause the company's
actual results in the future periods to differ
materially from forecasted results. These risks and uncertainties include, among other
things, volatility of prices, product
demand, market compensation, risk inherent in the company's international operations,
imprecision of reserve estimates and the
company's ability to replace and expand reserves.
Contact:
Omicron Technologies, Inc.
Barrett Sleeman, 877/903-2288
www.omicrontechnologies.com
www.4value.com
www.market-infocom.com
www.thesubway.com |
