To: Brady B. who wrote (7639 ) 9/1/1998 10:05:00 AM From: Joe Copia Respond to of 25711
ALERT NCII news. Tuesday September 1, 9:29 am Eastern Time Company Press Release Norris Communications Receives U.S. Patent for Intellectual Property SAN DIEGO--(BUSINESS WIRE)--Sept. 1, 1998--Norris Communications Inc. (OTC:NCII - news) today announced that it has received U.S. Pat. No. 5,742,737, the second in a series filed by the company protecting its core technology. The patent covers methods devised by the company for recording and retrieving voice messages on flash memory in hand-held digital recorders. Fred Falk, president and chief executive officer, stated: ''The issuance of this patent significantly strengthens our intellectual property position, and protects the investments made by our OEM customers. With our ongoing relationships with Lanier and Sanyo, and a newly-announced agreement with Intel, Norris continues to position itself as a leader in the world of flash memory-based portable devices.'' Falk concluded by saying, ''We are expecting additional patents to follow, covering additional aspects of our technology.'' As a technology provider, the company is positioned to take advantage of the burgeoning market for a variety of products employing flash memory as the main memory. Increased capacities and reductions in the price of flash have boosted demand for digital cameras, digital voice recorders, and hand-held computers employing flash memory. Removable flash memory card sales have increased from $288 million in 1996 to $375 million in 1997, according to Semico Research of Phoenix, Ariz. They forecast the worldwide market for flash cards to increase to $701 million in 1998, reaching $2.4 billion in the year 2000. Norris Communications Inc. is a San Diego-based company specializing in computer-compatible OEM products utilizing its proprietary MicroOS(TM) 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: Norris Communications, Inc. Robert Putnam, 619/679-1504 Joe PTG&LI !!!allstocks.com