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NORRIS COMMUNICATIONS SIGNS MULTIMILLION DOLLAR OEM CONTRACT WITH LANIER WORLDWIDE SAN DIEGO, Calif., Jan. 10, 1997---Norris Communications Inc. (NASDAQ: NCII) today announced that Lanier Worldwide, Inc. has signed a multimillion dollar OEM contract with Norris Communications. Under the terms of the agreement, Lanier will fund the development by Norris of an exclusive suite of Lanier products based on advancement of the Micro OS operating system and other patented Norris Communications digital recording technology and the use of flash memory. "These products are just the first of multiple products to be developed under the agreement," said Fred Falk, President of Norris Communications. "This is the beginning of a long term relationship with Lanier." "Norris Communications has made an extensive commitment to OEM as well as branded Norris product to provide a solid financial footing for the company," said Falk. "First with the Sanyo agreement and now with Lanier, we are quickly establishing ourselves as the technology leader in the digital voice recording industry." Norris Communications Inc. is a Delaware based corporation. It trades on the NASDAQ (small cap) stock market under the symbol NCII. Norris markets branded products worldwide through distributors, resellers, value added resellers, government resellers, catalogs and chain stores. The OEM division markets the Norris MicroOS imbedded systems software operating system, Multichip modules, private label products and custom-designed products to computer, dictation systems, computer peripheral and telecommunications companies worldwide. The company has patented the Flashback Digital Voice Recorder, sound recording techniques and features, which position it as the world leader in digital flash memory audio recording. The company operates out of its world headquarters in Poway, California (San Diego) and through Norris Communications Ltd. in the UK. # # # This press release contains forward-looking statements relating to future sales and their impact on future results and the future viability of the Lanier/Norris Communications relationship. 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, short product lives, customer delays in purchasing old products when new products are announced by the Company or others, 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. | ||||||||||||||
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