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Empower Technologies(TM) Announces Wipro, Ltd. The Authorized LDK5910 Service Provider and System Integrator
Tuesday, 26 July 2005Empower Technologies ("Empower") and Wipro, Ltd. ("Wipro") today announce the signing of Letter of Engagement. Under the terms and conditions of the engagement, Empower has appointed Wipro as the authorized service provider and system integrator of LDK5910 - the first LEOs Development Kit for Texas Instruments' ("TI") OMAP5910 dual core processor. LEOs stands for LinuxDA Embedded Operating System, it is a Linux based operating software optimized for OMAP5910 dual core embedded processor.
With Wipro, Empower will have access to one of the world's largest outsourcing client base to promote its LDK5910. Also under the engagement, Wipro will provide third party development and support services to Texas Instruments or Empower's referred LDK5910 clients. Wipro will receive a portion of every copy of the LEOs licensing fee on any of their LDK5910 clients that have successfully developed and shipped the first LEOs embedded OMAP5910 products in commercial quantities for a limited period of time in addition to the consulting fees Wipro has collected.
"Empower Technologies is very excited this opportunity with Wipro. Able to partner and to promote LDK5910 with one of the world's largest outsourcing company is a validation of our Linux base embedded operating software for TI OMAP5910 and it's hardware development platform. In addition to Texas Instruments global client base, access to Wipro's client base will further expand the number of client exposure and market penetration. This is a first major step in the right direction to make LEOs and LDK5910 the preferred embedded computing platform for the major developers in the world." Said Mr. Paul Leung, founder, chairman and CEO of Empower.
"Wipro is pleased to engage with Empower as a service provider and system integrator for LDK5910. We believe that this engagement will strengthen Wipro's resolve to deliver solutions on the LinuxDA Embedded OS for TI's OMAP5910 dual core processor. This engagement would also provide Wipro exposure to Empower's and TI's client base, thereby giving us an opportunity to deliver best-in-breed solutions and services to clients," said Walter Ortmuller, General Manager, Nearshore Development Center for European Technology Business of Wipro.
About Empower Technologies(TM)
Founded in 2000, Empower Technologies is a developer of Linux-based operating software and embedded system technologies and solutions for the consumer electronics industry and the intelligent appliance market.
Empower recently developed a new embedded CPU platform for its LinuxDA Embedded O/S (LEOs(TM)) based on Texas Instruments(TM) OMAP5910 dual core CPU platform.
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 consumer electronics manufacturers and developers.
Empower's brands are "LinuxDA(TM)" and "LEOs(TM)" (www.linuxda.com), Linux-based embedded operating systems and "PowerPlay(TM)" (www.powerplaydevices.com), smart consumer electronics.
Empower Technologies is traded on TSX Venture Exchange under the symbol EPT. For more Information on Empower Technologies please visit www.empowertechnologies.com.
About Wipro, Ltd.
Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. Wipro provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services for electronic product development including hardware development, VLSI/System Design and embedded real-time software development to corporations globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. Wipro also has profitable presence in niche market segments of consumer products and lighting. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai and the National Stock Exchange, among others. More information is available at www.wipro.com.
Forward-looking and cautionary statements from Wipro Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
Forward-looking and cautionary statements from Empower Technologies 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.
The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.
PowerPlay and LinuxDA are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners.
For further information: Empower Technologies Contact Information: Media Enquiries: Alex Romanov - VP Sales & Marketing, (604) 278-3100 or aromanov@empowertechnologies.com; Mark Janke - Business Development Manager, IP Products, (604) 278-3100 or mjanke@empowertechnologies.com; Investor Relations: Coal Harbor Communications, Suite 900 - 555 Burrard Street, Vancouver, BC, V7X 1M8, info@coal-harbor.com, Tel: (604) 662-4505, Fax: (604) 662-4547, Toll-free: 1-877-642-6200; LinuxDA(TM) O/S Sales Enquiries: sales@linuxda.com or Tel: (425) 881-0909; Wipro Contact Information: Media Enquiries: Sachin Mulay, Strategic Marketing Manager, +91 80 51381151 or sachin.mulay@wipro.com; Erich Bandholz, Business Development Manager, +49 431 77 55 711 or erich.bandholz@wipro.com
Source: Groupe CNW
All trademarks and copyrighted information contained herein are the property of their respective owners.
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