Duraswitch and CTI Electronics Combine MagnaMouse Technology and Firmware Development to Provide Advanced Mouse Switch Solutions.Business Editors & High-Tech Writers PHOENIX--(BUSINESS WIRE)--July 25, 2002 Duraswitch (Nasdaq:DSWT DSWT David Sheldrick Wildlife Trust (Nairobi, Kenya) ), a developer and licensor of switch technologies and CTI (Computer Telephone Integration) Combining data with voice systems in order to enhance telephone services. For example, automatic number identification (ANI) allows a caller's records to be retrieved from the database while the call is routed to the appropriate party. Electronics Corp., a manufacturer and global distributor of industrial keyboards, joysticks and trackballs have formed a strategic technology and marketing alliance to leverage their expertise in mouse and cursor (1) The symbol used to point to some element on screen. On Windows, Mac and other graphics-based screens, it is also called a "pointer," and it changes shape as it is moved with the mouse into different areas of the application. control applications. CTI has designed custom firmware A category of memory chips that hold their content without electrical power. Firmware includes flash, ROM, PROM, EPROM and EEPROM technologies. When holding program instructions, firmware can be thought of as "hard software." See flash memory, ROM, PROM, EPROM, EEPROM and FOTA. and circuitry to control a computer cursor, for Duraswitch's MagnaMouse(TM) multidirectional mul·ti·di·rec·tion·al adj. 1. Reaching out in several directions: a multidirectional campaign. 2. switch technology, and will market their product to Duraswitch licensees and provide ongoing sales support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for the licensees and their customers. "This custom firmware developed for our MagnaMouse switch technology brings great benefits to our licensees," Duraswitch Vice President of Business Development Tim Kuhn explained. "CTI has the technical experience we need. Working with them offers our licensees a full range of capabilities for the MagnaMouse as well as technical support when developing mouse or cursor control products for their customers." Duraswitch's MagnaMouse technology offers a thin and cost effective alternative to other types of cursor controls. The durable MagnaMouse is ideal in environments where touch pads prove too fragile, and unlike trackballs, the MagnaMouse can be completely sealed and is maintenance free. It is the ideal cursor control technology for many industrial control and medical applications. The technology can be adapted to a wide variety of applications including being utilized in flat-panel switches with graphic overlays or as a joystick (hardware, games) joystick - A device consisting of a hand held stick that pivots about one end and transmits its angle in two dimensions to a computer. Joysticks are often used to control games, and usually have one or more push-buttons whose state can also be read by the computer. type product. "We saw great potential for this technology in the marketplace. We spent the up-front design time and resources to develop specific firmware to combine with Duraswitch's MagnaMouse, creating a commercially viable -- low-cost and high-quality -- solution for manufacturers and OEMs in a vast array of industries," said Peter Mikan, president of CTI. "With more and more products utilizing cursors in the operation, the market was in need of a new technology to fill the gap that touch pads and trackballs were missing." "Our focus is to get Duraswitch technology in more applications," commented Bob Brilon, Duraswitch 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. . "Strategic technology and marketing alliances create win-win relationships. With CTI, we have teamed up to provide expanded capabilities for our core MagnaMouse technology, giving our licensees the tools they need and greater opportunity for design wins using Duraswitch technologies." About CTI Electronics CTI Electronics Corp. designs, manufactures and stocks a complete line of industrial keyboards, joysticks and trackballs. Its products are compatible across all platforms and are manufactured at its Stratford, Conn., facility. For more information, visit www.ctielectronics.com. 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 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. " within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . These forward-looking statements include, but are not limited to, statements regarding the opportunities derived from this technology alliance, market acceptance of Duraswitch technologies and our licensees' ability to successfully market our technologies to new customers. 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, impairment Impairment 1. A reduction in a company's stated capital. 2. The total capital that is less than the par value of the company's capital stock. Notes: 1. This is usually reduced because of poorly estimated losses or gains. 2. 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-KSB and 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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