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Technology Stocks : Zi-Corp (ZICA), formerly MCUAF -- Ignore unavailable to you. Want to Upgrade?

To: John Stichnoth who wrote (787)	4/6/1999 1:16:00 PM
From: Khris Smith	Respond to of 2082

It was in a news release, I do not recall the term that it would take to fullfill 7 million plus in revenue. Khris

To: John Stichnoth who wrote (787)	4/6/1999 1:25:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 2082

John, It was in the original press release announcing the deal, second paragraph. I'm fairly certain it was a life of contract projection and not annual. ZI LICENSES ITS TECHNOLOGY FOR USE BY ERICSSON IN CELLULAR 2/18/98 13:12 Phones Business Editors CALGARY, ALBERTA--(BUSINESS WIRE)--Feb. 18, 1998--Zi Corporation(TSE:ZIC.) (NASDAQ:ZICAF) Zi Corporation (TSE: ZIC; NASDAQ: ZICAF) ("Zi") is pleased to announce that it has entered into a licensing agreement with Ericsson Mobile Communications AB("Ericsson") to develop and integrate Zi Input technology into Ericsson products. As a result, Ericsson initially intends to produce cellular phones that are capable of entering Chinese text. Ericsson is the first direct Original Equipment Manufacturer (OEM) to license Zi technology for use on a cellular phone. This agreement includes licensing, engineering, development, royalty and maintenance fees payable by Ericsson to Zi Corporation. The potential value of this agreement is expected to be between US$7-12 million dollars. Based in Sweden, Ericsson and its affiliates are worldwide producers and suppliers of systems and products for both wired and mobile telecommunications. Collectively, Ericsson employs over 100,000 people and currently conducts operations in more then 130 countries. In 1997 Ericsson and its affiliates reported net sales in excess of US$21 billion. "The Chinese cellular phone market is one of the fastest growing markets in the world" stated Jan Ahrenbring, Vice President Marketing and Communication for Ericsson. "At Ericsson, we realize that in order to take full advantage of this burgeoning market we need to create the capacity for Ericsson cellular phones to generally function in Chinese. It is important for anyone using a cellular phone to be able to handle the device in their own language. To do so should be simple and straight forward. The solution provided by Zi Corporation supports this ambition of ours." "Ericsson is the first OEM to validate the concept of embedding Zi technology into an Information Appliance," noted Rudolf Enns, Vice President, Embedded Technology of Zi Corporation. "This agreement provides a clear demonstration of the value of Zi technology as an enabling feature for devices requiring Chinese text input." Zi Corporation's goal is to deliver technology and products that allow hundreds of millions of people who use ideographic languages to communicate easily and effectively in their own language. By connecting technology to language, Zi Corporation brings language processing to the mass market. Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 including, without limitation, statements concerning the anticipated benefits to Zi Corporation of its agreement with Ericsson. The expected inclusion of Zi Input technology in devices manufactured by Ericsson and potential engineering, development, royalty and maintenance fee amounts involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Zi Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include uncertainties in the ability to successfully collaborate with Ericsson; the ability of Zi Corporation to successfully design, develop, and deliver any application that complies with Ericsson's specifications and is accepted by Ericsson; the ability of Zi Corporation to successfully meet specific delivery dates set forth by Ericsson; the ability of Zi Corporation to successfully integrate and maintain compatibility with Ericsson's technology; possible failure to continue to be selected as the Chinese character-based language enabling technology by Ericsson; the ability of Ericsson to successfully market and distribute any of its products incorporating Zi technology; economic conditions in Asia; the risks of doing business in foreign countries including China; and the risks and uncertainties referred to in Zi Corporation's Report of Form 20-F for the year ended December 31, 1996 filed with the U.S. Securities and Exchange Commission. There can be no assurance that Zi Corporation will achieve commercial success through the agreement described herein. -0- Neither The Alberta Stock Exchange nor NASDAQ have approved or disapproved of the information contained herein. --30--BB/da* CONTACT: Zi Corporation Roland M. Schatz, 403/233-8875 zicorp.com or Ericsson Mobile Communications Bo Albertson, +46-8-7641388 +46-70-5100992