DPAC Technologies Enters Wireless Marketplace with New Product Line.Business Editors/High-Tech Writers GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS WIRE)--April 22, 2003 -- DPAC DPAC Denver Performing Arts Complex (CO, USA aka: DCPA) DPAC Deferred Policy Acquisition Costs (insurance) DPAC District Parent Advisory Committee DPAC Dover Partnership Against Crime establishes a position in the fast growing wireless marketplace -- DPAC identifies market for wireless product line in the embedded Inserted into. See embedded system. and industrial marketplace DPAC Technologies Corp. (Nasdaq:DPAC), a provider of patented stacking technology for high-density, space-saving specialty electronic components, today announced that it is continuing its diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. plan with a product line for entry into the wireless market. DPAC has seen continued success with its high-density stacking technology and recently announced a new stacking technology, the DuraStack(TM). Introduced in early April of this year, DuraStack(TM) has already seen success and has commitments from its beta customers for its sample production into June. The opportunity in the wireless marketplace combines DPAC's expertise in high-density packaging with the need of the marketplace for wireless products. "To achieve the growth we want for DPAC," Ted Bruce, 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. and president said, "we have been very busy identifying other market opportunities and have found an excellent opportunity in the wireless market." Mr. Bruce continued, "We have performed a thorough analysis of the wireless market that validates the customers' need for a new solution, and the value proposition we would offer to them. With growth opportunities identified in embedded and industrial applications, we have entered the wireless market with a new product line offering 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 customers an integrated local area wireless solution for easy incorporation into their products. Our wireless technology solution will provide the hardware and software necessary to implement a wireless solution within the customer's system at reduced costs and quicker time-to-market. We have found that the market's awareness of DPAC and the prevalent need for the solution we are proposing is allowing us to quickly open meaningful dialog with new potential customers." Mr. Bruce continued, "We are currently developing the first product for this new product line, and we expect to complete this development activity in the third fiscal quarter. We have identified more then 300 potential customers and plan to immediately begin efforts to qualify these customers and develop their understanding of the solution that DPAC will be able to offer them." "Although we have developed strategies to accelerate the adoption of our product line, it is important to recognize that there is an investment period to get us to mass production. It is reasonable to expect first revenues from this effort in 12 to 18 months. After all, if one is building a home, one cannot move in on the same day that construction starts." "The executive team and entire company are committed to making this product line a success. The entry into the wireless market is addressing DPAC's need to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. and grow the company through new technology. While the current stacking marketplace is maturing, but is still growing, it has become more competitive in the price of the stacking service. We feel the DuraStack(TM) will keep DPAC competitive, however, we are still aware of our need to diversify, as DuraStack(TM) alone, will not be enough revenue for the future growth expectations." "During our extensive search in the wireless area, we have also identified other development and investment opportunities. I think it is very likely we will launch additional activity in the wireless space that will increase our success level and strengthen our overall market position. With the new DuraStack(TM) product and entry into the wireless market, we have expanded our sales effort to include seeking more applications for our products at the OEM level while expanding our market breadth market breadth See breadth of market. . By differentiating ourselves we intend to take a leadership position in these new opportunities." About DPAC Technologies Based in Garden Grove, California Garden Grove is a city centrally located in northern Orange County, California, United States. As of 2004, the city population was 170,000 people. California State Route 22, also known as the Garden Grove Freeway, passes through the city from east to west. , DPAC Technologies provides patented component packaging technology to create high-density, space-saving surface mount electronic components. DPAC's products are used in electronic circuits found in network servers, computer storage devices, guidance systems, medical instrumentation instrumentation, in music: see orchestra and orchestration. instrumentation In technology, the development and use of precise measuring, analysis, and control equipment. , and communication devices. The Company provides outsourced engineering design services to aid customers in creating cost-saving circuit designs as well as contract manufacturing of prototype designs and medium volume production runs of assembled circuit boards. The Company's web site address is www.DPACTech.com. 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. Our current beliefs and expections expressed in this news release possibly are wrong. This press release includes forward-looking statements, including statements regarding management's current beliefs concerning the Company's; market, technology development, expansion and business plans, the initial success of the DuraStack(TM), the maturing of the stacking marketplace and competition, risks of introducing new technologies, relationships in price parity parity or space parity, in physics, quantity that refers to the relationship between an object or process and the image that it can produce in a mirror. of existing technology with future technology, and the need for a number of wireless product lines. Every statement herein that is not historic in nature is a forward-looking statement for purposes of the 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. provisions of 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. Such statements involve risks and uncertainties, which may differ materially from those set forth in these statements. Factors that affect DPAC's business include, but are not limited to; the success of patented products, future business opportunities with products, the semiconductor market, protection of technology or proprietary rights, risks of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , and general market and economic conditions. This is not en exclusive and exhaustive statement of the risks and uncertainties. More information about the risks and challenges faced by DPAC Technologies Corp. is contained in the Securities and Exchange Commission filings made by the Company available at www.sec.gov. DPAC Technologies Corp. specifically disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, future developments or otherwise. Risks are subject to change. We do not undertake to update you as our beliefs or future information except as required by law. |
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