DPAC Technologies Receives Three Prototype Orders and Captures its Tenth Design Win for the Airborne Wireless Product.Business Editors/High-Tech Writers GARDEN GROVE, Calif.--(BUSINESS WIRE)--Jan. 14, 2004 -- Three Prototype Orders Received from OEM's -- Design Wins Span Transportation, Medical, Homeland Security, Industrial Controls, Logistics, Food Service, Consumer Wireless, and Point-of-Sale Systems Industries Following successful product demonstrations during the Medical Design & Manufacturing (MD&M) Convention & Expo in Anaheim, CA, 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 Technologies (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DPAC) today announced it has received its first three prototype orders for the Airborne(TM) 802.11b Wireless LAN Node Module. Additionally, DPAC has achieved a milestone by winning its tenth design win for the Airborne module. "We established a set of target vertical markets when we launched the Airborne product line and we are excited to see that the entrance into those markets is going as planned," said Brett Trowbridge, vice president of DPAC. "Achieving ten design wins is a key milestone in our Airborne marketing plan. Seeing our 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 reach the prototype phase of their developments underscores the quick time-to-market advantage that Airborne offers." Typically, an OEM will first order an Airborne evaluation kit to test the performance of the module in their application. If the testing is successful, the OEM will commit engineering resources to design the Airborne module into their application. This is called a "Design Win." An OEM will then place orders for Airborne modules to be used in prototype builds. The prototypes are used by the OEM for performance evaluations and are typically sent out to the OEM's end customer for acceptance testing. Upon successful market acceptance by the OEM's end customer, the OEM could begin placing "early production" orders for Airborne modules, and eventually move into "full production" -- the point where DPAC would begin receiving larger production orders. The Airborne 802.11b Wireless LAN Node Module was developed to be an easy drop-in web-enabled, Wi-Fi solution that cost-effectively and quickly provides 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 industrial electronic applications. The module integrates a radio, base-band processor, application processor, and software tools. Since there's no need 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 http://www.dpactech.com Forward-Looking Statements This press release includes forward-looking statements, including statements regarding technology development, expansion and business plans that are subject to change, uncertainties and risks. 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, and therefore results 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 wireless 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 on 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. , 10-Q and 8-K. 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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