Empower Technologies Extended Pixon Imaging Purchase and Update
Empower Technologies announces a 30 days extension commencing March 17, 2010 of the definitive agreement to purchase Pixon Imaging, LLC which was terminated and expired earlier.
March 18, 2010 – Richmond, British Columbia, Canada - Empower Technologies Corporation (TSX.V: EPT) (“Empower”) announces a 30 days extension commencing March 17, 2010 of the definitive agreement to purchase Pixon Imaging, LLC which was terminated and expired earlier. Under this extension, Empower has an option to extend for another 30 days subject to certain terms and conditions.
As a condition of this 30 days extension, Empower has accepted the Pixon Imaging Purchase Order under certain terms and conditions to deliver the completed executable PX40 IP (Intellectual Property) Protection Software and to provide the full turnkey hardware and software development of the PX60 image processor from engineering to production in order for Pixon Imaging to meet the product delivery schedule of a major customer.
The purchase price and most material terms of the purchase of Pixon Imaging remain the same.
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About Empower Technologies™
Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative company that brings the power and flexibility of the LEOs® (Linux Embedded Operating System) to the dynamic embedded computing Industry and the emerging Intelligent Appliance Market, through their development of Linux-based operating software and embedded system technologies and solutions.
The products and services that form the base of its business activities include an embedded system development platform for LEOs®, based on Texas Instruments™ embedded CPU platform, that fulfill the needs and demands of developers and the embedded computing Industry. Empower is continuing to develop LEOs® and newer versions of embedded CPUs in line with Texas Instruments™.
By uniting top professionals from within the computer industry and developing quality partnerships and strategic alliances, Empower is committed to being the leading developer of Linux-based operating software and embedded system technologies and solutions for electronics manufacturers and developers.
Empower’s brands are “LEOs®”, “LinuxDA™”, Linux-based embedded operating systems, “BullsEye” Video Imaging Technology, “PowerPlay™”, smart consumer electronics.
Contact Information:
Media Enquiries:
Anson Mak – info@empowertechnologies.com or via Tel @ (604) 278-3100
Investor Relations: investorline@empowertechnologies.com
More Information on Empower Technologies: www.empowertechnologies.com
Sales Enquiries: sales@empowertechnologies.com or via Tel @ (604) 278-3100
Paul Leung
Chairman, President and CEO
Empower Technologies Corporation
# 405-5600 Parkwood Way
Crestwood Commerce Centre
Richmond, BC, Canada V6V 2M2
The statements contained in this news release that are not historical facts are forward looking statements. Such statements are based on management's estimates, assumptions and projections using available information. The company cautions that actual financial results could differ materially from the current expectations due to a number of factors.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms are defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Empower Technologies, LEOs, PowerPlay, LinuxDA and BullsEye are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners.
Press Contact:
Investorline
#405 - 5600 Parkwood Way
Crestwood Commerce Centre
Richmond, B.C. V6V 2M2
604-278-3100
http://www.empowertechnologies.com
**v**t**l**e@*m**w**t**h**l**i**.com
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