Correcting and replacing BW0022 (DIABLO-RESEARCH-2).NEW ORLEANS--(BUSINESS WIRE)--Sept. 9, 1996--The following release corrects and replaces BW0022 (DIABLO-RESEARCH-2), which ran over Business Wire earlier today. -0- Diablo di·ab·lo adj. Diable. [Alteration (influenced by Spanish diablo, devil) of diable.] Research To Receive $15 Million Investment From Safeguard Scientifics & TL Ventures; Whisper Radio Technology And Related Products To Accelerate AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. and Home Automation NEW ORLEANS--(BUSINESS WIRE)--Sept. 9, 1996---Diablo Research Corporation, Sunnyvale, California Sunnyvale ([sʌniveil]) is a city in Santa Clara County, California, United States. It is one of the major cities that make up the Silicon Valley. As of the 2000 census, the city population was 131,760. , a high-technology, full-service engineering design and product development company, along with Safeguard Scientifics and Technology Leaders II, announced today the execution of a purchase agreement in which Safeguard and Technology Leaders will make a $15 million equity investment in Diablo. The capital will be used to accelerate Diablo's R&D and product development efforts in their areas of unique strategic direction, including their Whisper True2Way radio technology. Diablo specializes in the technologies, and their applications driving home and office automation, wireless communication, energy management and telecommunications. This joint announcement was made at the Annual Symposium of the AMRA AMRA Automatic Meter Reading Association AMRA Automotive Maintenance and Repair Association AMRA American Military Retirees Association AMRA Alberta Mini RoadRacing Association AMRA American Motorcycle Racing Association AMRA American Medical Record Association (Automatic Meter Reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. Association) being held this week in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded . Safeguard Scientifics (NYSE NYSE See: New York Stock Exchange :SFE See Sydney Futures Exchange. ), of Wayne, Pennsylvania Wayne is an unincorporated community and a U.S. Post Office located on the Main Line, centered in Delaware County, Pennsylvania, United States. While the center of Wayne is in Radnor Township, Wayne extends into both Tredyffrin Township in Chester County and Upper Merion Township is a unique partnership of entrepreneurial companies focused on information technology markets. Safeguard has a proven track record of bringing emerging companies to market through rights offerings to Safeguard shareholders. Past rights offerings include Novell, Inc., CompuCom Systems, Inc., Cambridge Technology Partners (Massachusetts), Inc., Coherent Communications Systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. Corporation, USDATA Corporation, and, most recently, Integrated Systems Consulting Group, Inc. Technology Leaders II is a high-technology venture capital fund managed by TL Ventures, a venture capital management company associated with Safeguard Scientifics, Inc. Since 1988, TL Ventures has invested in over 50 emerging companies and presently manages over $206 million in its three venture capital partnerships focused primarily on information technology and biotechnology/life science investments. Don Pezzolo, 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. of Diablo Research commented about the synergistic opportunities this presents the company: "This new relationship with Safeguard and Technology Leaders is an excellent strategic fit to Diablo's contract engineering and product incubation businesses. Diablo's ability to create new technologies and businesses coupled with Safeguard's business growth and management expertise represents an extremely powerful business combination which will benefit both shareholders and customers." Pezzolo stated that, "A portion of the funds will be used to accelerate the product development and roll-out of Diablo's Whisper battery-powered True2Way radio technology used for fixed-base automatic meter reading (AMR). This will include supporting products and services required to enable utility companies to take advantage of the opportunities made available by the upcoming deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. and rapidly changing competitive environment." Some examples of these products are: AMR radios, repeaters, concentrators, gateways, energy monitors, and other control devices. Diablo has distinguished itself by doing custom product development and field trial support for many of the suppliers, system integrators and utilities that are taking an aggressive stance at being innovators in this rapidly emerging new industry. Diablo's ten-year history developing home automation products will play a significant role in uncovering new opportunities. "We view this cooperative venture as being very complimentary to the other investments we have made in the overall home automation and utility deregulation market," said Bob Keith, president of TL Ventures. "We believe this market will experience explosive growth in the coming decade as utility companies are scrambling to redefine themselves." Diablo Research over the years has developed a number of other proprietary products in the field of telecommunications, home automation and advanced lighting systems which are poised for dramatic growth. The funding by Safeguard and Technology Leaders will now make this possible. "Diablo is a unique company," said Warren V. Musser, chairman and CEO of Safeguard Scientifics. "We see this as a way of incubating nascent technologies into successful stand-alone businesses." Diablo Research is a high-technology, full-service engineering design and product development company with expertise in wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. , data transfer and control. The company, located in the heart of Silicon Valley, is uniquely positioned to provide a spectrum of design solutions in the areas of automated meter reading, energy management, home automation, local and wide area network gateways and other services. Further information can be accessed on the Diablo web site: http://www.diabloresearch.com. -0- NOTE TO EDITORS: Whisper and True2Way are trademarks of Diablo Research Corporation. All other registered trademarks and trademarks are those of their respective holders. CONTACT: Diablo Research Corp. Tim Tight, 408/730-9555 ttight@diabloresearch.com or Bob Russ, 408/730-9555 bruss@diabloresearch.com |
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