Duraswitch Receives Notice of Allowance for Tact Switch Design With Magnetic Actuation Component.Business Editors & High-Tech Writers PHOENIX--(BUSINESS WIRE)--Oct. 15, 2002 Duraswitch (Nasdaq:DSWT DSWT David Sheldrick Wildlife Trust (Nairobi, Kenya) ) today announced that the U.S. Patent Office has issued a Notice of Allowance for its magnetically coupled tact switch actuator technology. This enables the company to pursue licensing opportunities in the multi-million dollar tact-switch/short-travel switch market. This latest development is a unique technology package for Duraswitch. The tact switch design opens the door to new licensing opportunities and potential exclusive industry opportunities with major discrete-key manufacturers. Examples of high-volume manufacturers in this market include Alps, ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) , APEM APEM Assemblée Parlementaire Euro-Méditerranéenne (French: Euro-Mediterranean Parliamentary Assembly, Europe) APEM Association of Professional Energy Managers APEM Association pour la Promotion de l'Entreprise à Madagascar and Rafi. Many of Duraswitch's current licensees focus their expertise on the flat-panel switch market. Tact switches -- tactile PCB PCB: see polychlorinated biphenyl. PCB in full polychlorinated biphenyl Any of a class of highly stable organic compounds prepared by the reaction of chlorine with biphenyl, a two-ring compound. or copper flex-circuit mounted pushbutton push·but·ton n. also push button A small button that activates an electric circuit when pushed. adj. also push-but·ton Equipped with or operated by a pushbutton. switches -- are used in every industry segment and are predominant in industrial controls, appliances, consumer electronics and computer peripherals. In Duraswitch's design, the actuating element employs a magnet and metal armature armature, in art: see sculpture. Armature That part of an electric rotating machine which includes the main current-carrying winding. , replacing the flexing dome technology used in most of the current tact-switch designs. The inherent non-flexing, magnetic design of Duraswitch technology lends itself to enhanced technical specifications and functional characteristics over traditional tact switches, resulting in greater durability, reliability and longer life with a consistent tactile feel. Duraswitch's magnetic actuator element also enables a normally closed In electronics, a normally closed switch is one that normally allows current to flow and which prevents current flow when it is perturbed.
"This technology was developed to give manufacturers and OEMs a design alternative, as well as advantages over traditional tact or short travel switches," said Bob Brilon, 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. . "We continue to see the flexibility of the basic Duraswitch technology as we adapt it to meet industry needs." "Tact switches are often chosen for applications that do not have a graphic overlay, but are under plastic or rubber keycaps. Tact switches are also commonly used by European manufacturers for low-current industrial control panels," Brilon continued. "Duraswitch's magnetic actuating element is an ideal addition as market demand is increasing for low-current, reliable pushbutton switches. Manufacturers in the tact switch market have already seen growth due to this trend, and anticipate further growth particularly in industries such as industrial controls, security and communications." Duraswitch will present its tact switch technology to various manufacturers at "electronica  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. 2002," the world's largest electronic exhibition, in Munich, Germany, Nov. 12-15. About Duraswitch Duraswitch licenses, engineers, and markets its patented electronic switch technology to switch manufacturers and OEMs worldwide. Visit www.duraswitch.com or call 480/586-3300 for more information. This news release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements include, but are not limited to, statements regarding the potential for licensing opportunities and exclusive industry opportunities with manufacturers, our assessment of the technology's advantages and its marketability and our ability to protect our intellectual property. Risks and uncertainties that could cause results of operations to differ materially from those projected including introduction of new and/or replaceable technology in our field, lack of market acceptance for our technology or licensing strategy, impairment of our competitive position if we are unable to protect our proprietary technologies, and other uncertainties which are described from time to time in our documents filed with the Securities and Exchange Commission, including 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. . These forward-looking statements represent the company's judgment as of the date of the press release. Duraswitch disclaims, however, any intent or obligation to update these forward-looking statements. |
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