DPAC Technologies Realigns Workforce to Continue Investments into Its Wireless Web-Enabled Wi-Fi Module.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)--Sept. 10, 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 Reduces Personnel Involved in the Stacking Business by 25%, While the Number of Personnel Working on the Wireless Products Grow DPAC Technologies Corp. (Nasdaq:DPAC) -- a technology company that designs and manufactures high-density memory and wireless products, today announced that the Company has realigned its workforce and reduced the headcount in the stacking business. Due to changes in the external environment, including the trend toward production of stacks at semiconductor companies and the decreasing stack market prices, DPAC is focused on its new DuraStack(TM) technology. The DuraStack technology will require less people and is a new low-cost stacking technology. The Company also recently announced the new Airborne(R) wireless technology. The Company will recognize approximately $450,000 in related severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when costs in the third fiscal quarter ended November 30, 2003. The new wireless product is designed specifically for industrial, scientific, medical and automotive applications. The new line of modules called Airborne(TM) were developed to be an easy drop-in solution that can cost-effectively and quickly provide local area network (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) and Internet connectivity to a wide range of non-consumer electronic applications. Fully integrated, the new Airborne(TM) modules include a radio, base-band processor, an application processor and software for a complete web-enabled Wi-Fi solution. Since there's no need for OEM's to develop the software or the RF/Communications expertise in-house, OEM's can realize reduced development costs and quick time-to-market. About DPAC Technologies Located 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 a diverse portfolio of patented electronic-component-based products including component packaging technology for high-density, space-saving memory and wireless applications, and solutions for digital image enhancement See image editing. . DPAC's products are used in electronic circuits found in network servers, computer storage devices, weapon guidance systems, medical instrumentation, communication devices, refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. controls, automotive diagnostic equipment and other advanced equipment. The Company also provides value-added 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. 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 success of the circuit board, the need for enhanced imaging, risks of introducing new technologies, risks associated with production of the board, and the success of the military programs using this technology, which are subject to change. Information in this press release, including product pricing and specifications, content of services and contact information, is current on the date of the announcement, but is subject to change without prior notice. 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 military and industrial 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. 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. 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. |
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