Bonso Electronics Announces Plans to Develop Proprietary Cordless Phone Technology for Global Distribution.HONG KONG--(BUSINESS WIRE)--June 25, 1998--Bonso Electronics International Inc. (NASDAQ/NMS:BNSOF) announced the formation of Bonso Advanced Technology Ltd., a subsidiary created to develop a line of cordless telephones utilizing the new 2.4-GHZ frequency recently allocated by the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. for communications. Incorporating Bonso's proprietary chip set design, these new phones will allow for maximum quality call range in excess of several times that of current 900 MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. telephones. Bonso Advanced Technology Ltd. is developing the unique chip set in Germany and will manage manufacturing and distribution from its production facilities in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Anthony So, chairman and chief executive officer of Bonso Electronics, "Recognizing that most cellular phone calls are made within five miles of the home or office, this line of cordless phones was expressly designed with both the small business and home consumer in mind. Enabling multiple telephones to wed with a single base unit, they will also be ideal for use within hospital or other business environments where people typically have relied on cellular telephones to communicate within reasonable close ranges. In keeping with our plan to utilize our expanded manufacturing capabilities to introduce new and exciting products in high growth categories, entering the multi-billion dollar cordless telephone industry is a logical foray for Bonso Electronics." Bonso Electronics designs, develops, manufactures and sells a comprehensive line of electronic scales and weighing instruments and electronics consumer and healthcare products. The company manufactures all of its products in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. The company's electronic scales include bathroom, kitchen, office, jewelry, laboratory, pocket, postal, industrial and parcel scales that are used in consumer, commercial and industrial applications. The company's electronic consumer and healthcare products include electronic thermometers and blood pressure meters. Headquartered in Hong Kong, Bonso Electronics markets its products to customers primarily in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements which are not historical facts contained in this press release are 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. that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission.
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