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Empower Technologies Signs $40 Million Sales Agreement

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Empower Technologies Signs $40 Million Sales Agreement

Written by Marc
Monday, 12 May 2008
Empower Technologies Signs $40 Million Sales Agreement Richmond, British Columbia – May 12, 2008 – Empower Technologies ("Empower") (TSX.V: EPT) has landed its first significant sale - a 5 year volume Purchase Order (PO) from Advantec Computer Systems, LLC. Empower Technologies Signs $40 Million Sales Agreement Richmond, British Columbia – May 12, 2008 – Empower Technologies ("Empower") (TSX.V: EPT) has landed its first significant sale - a 5 year volume Purchase Order (PO) from Advantec Computer Systems, LLC ("Advantec") under certain terms and conditions to supply industrial handheld computers to their Value Added Resellers (VAR). Empower is rapidly capitalizing on this market leadership with the signing of the Distribution Agreement with Advantec. Under the Agreement, Advantec will distribute Empower’s OEM/ODM ("Original Equipment Manufacturer" / "Original Design Manufacturer") industrial handheld and tablet to the healthcare, hospitality, field repair, utilities, transportation, retail, public safety, government and other industrial vertically integrated customers through Advantec’s vast VAR and SI ("System Integrator") distribution network. The sale from this five (5) year PO is valued at about $40 million US dollars. "This multimillion dollar contract for industrial handheld devices realizes Empower's vision. Empower is now completely transitioned from being a R&D company and developer of software and hardware tools to one that develops, manufactures and sells OEM/ODM embedded computing products and solutions." said Paul Leung, Chairman, President and CEO of Empower. He added that "We have now planted a firm foundation for growth in terms of revenue and markets and are actively pursuing various targeted sales opportunities." _____________________________________________________________________ About Empower Technologies™ Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative publicly traded company committed to bringing its embedded solutions to the forefront of intelligent appliances and wireless mobile devices. Dedicated to the advancement of digital appliances, Empower has a history of excellence in research and development, building complete solutions for embedded computing industry. With the revolutionary technology and global infrastructure, Empower has established itself as an industry leader in embedded operating software, system technologies and solutions for manufacturers, developers, value-added resellers and system integrators. Empower’s brands are "LEOs®", "LinuxDA™", Linux-based embedded operating systems, "Euler", an embedded navigation software platform and "PowerPlay™", smart consumer electronics. About Advantec Computer Systems For more than 20 years the founders of Advantec Computer have met the needs of OEMs and resellers throughout the U.S. Advantec provides custom configuration services under their own brand "Proteon®" and customers’ private label servers, desktops, and notebook computers. Thriving in an ever-changing, always challenging market by continually balancing flexibility with an unwavering commitment to quality and integrity, Advantec has provided excellence in customer service and delivery. Advantec is also one of the largest Acer America distributors in the U.S. as well as one of Motion Computing's largest distributors and certified service providers to serve the hospitality industry Point of Sale (POS) Value Added Reseller (VAR) and System Integrator (SI). Contact Information: Media Enquiries: Paul Leung – Chairman, President and CEO: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or via Tel @ (604) 278-3100 Investor Relations: Exponent Communications Inc. Toll-free: (866) 914-5861 Tel: (604) 625-1185 Fax: (604) 625-1186 Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it More Information on Empower Technologies: www.empowertechnologies.com Sales Enquiries: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it 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 Bookmark with: Delicious Digg reddit Facebook StumbleUpon What are these?

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