A Win-Win-Win with Duraswitch Technology; Duraswitch Licensee Eastprint Manufacturing Carwash Controls.Business Editors & High-Tech Writers PHOENIX--(BUSINESS WIRE)--Aug. 20, 2002 Duraswitch (Nasdaq:DSWT DSWT David Sheldrick Wildlife Trust (Nairobi, Kenya) ) technology has been selected by a leading manufacturer of automated management systems and point-of-sale systems for carwash control panels. Duraswitch licensee, Eastprint, has begun production of the 96-key point-of-sale panels using Duraswitch's patented PushGate(TM) pushbutton push·but·ton n. also push button A small button that activates an electric circuit when pushed. adj. also push-but·ton Equipped with or operated by a pushbutton. technology. "This is the second announced application in the car wash controls market -- and an example of how our licensing strategy and direct marketing promoting the implementation of Duraswitch technologies leverages our licensees' sales and marketing efforts to create success for everyone," noted Bob Brilon, Duraswitch president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The customer wins with an innovative, high-quality switch panel. The licensee wins by delivering a switch solution to its customer and profiting from its core-manufacturing competency. Duraswitch wins through per-switch licensing revenue." Eastprint Regional Sales Manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → Steve Daly commented, "These control panels are subject to harsh conditions, and the PushGate's sealability and durability provides an ideal solution. Our customer wanted a thin panel with a tactile tactile /tac·tile/ (tak´til) pertaining to touch. tac·tile adj. 1. Perceptible to the sense of touch; tangible. 2. Used for feeling. 3. feel and needed to fit a large number of buttons into a small 10" x 10" area. "The flexibility of the PushGate technology enabled us to successfully design and manufacture a product with all of these features." Tim Kuhn, Duraswitch vice president business development, said, "This is a great example of how Eastprint continues to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the unique benefits of our technology to provide solutions for their customer base. We anticipate this project will utilize over 1 million PushGate pushbuttons annually." Brilon continued, "Our business strategy creates a progressive annuity as Duraswitch technologies are implemented into a broad range of products. We have established manufacturers worldwide who are licensed to utilize Duraswitch technologies. Each licensee has multiple customers. "Each customer has multiple potential applications. Each application can have multiple switches -- and ultimately Duraswitch's revenue will grow as switches are produced." About Eastprint Eastprint Inc. is a value-added manufacturer of front panel assemblies, incorporating patented and proprietary technologies. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , Eastprint has been a leading provider of custom membrane switches to manufacturers in the electronic OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and market since 1980. For more information, visit www.eastprint.com or call Tom Bianchi Tom Bianchi is an American photographer who specializes in male nude photography. Books
About Duraswitch Duraswitch licenses, engineers, and markets its patented electronic switch technology to switch manufacturers and OEMs worldwide. Visit www.duraswitch.com or call 480/586-3300 for more information. This news release contains certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to statements regarding the potential success of our marketing efforts and our licensees' ability to market and sell our technologies, the advantages of our technologies, implementation of Duraswitch technologies in products and the potential revenue derived from that production. Risks and uncertainties that could cause results to differ materially from those projected including lack of market acceptance or changes in demand by our licensees and their customers, the introduction of new and/or replaceable technology in our field and other uncertainties are described from time to time in our documents filed with the Securities and Exchange Commission, including Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . These forward-looking statements represent the company's judgment as of the date of the press release. Duraswitch disclaims, however, any intent or obligation to update these forward-looking statements. |
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