IntraCoastal Files New Patent.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--June 18, 2001 Mr. Ted Ohashi, President & 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. of IntraCoastal System Engineering Corporation (CDNX CDNX See Canadian Venture Exchange (CDNX). :ISY ISY Institutionen För Systemteknik ISY International Space Year ISY I See You ) is pleased to announce the filing of a patent for a new two-way narrowband Power Line Communication ("PLC") technology. This PLC technology uses a binary phase shift keying (BPSK BPSK Binary Phase Shift Keying BPSK biphase shift keying (US DoD) BPSK Bi-Phase Shift Keying ) modulation technique together with a new technique for signal reception. The first implementation of this technology transfers data at 240 bits per second. Although the system was designed for low cost, it is believed to be the most robust power line carrier technology available on the market today. Extensive testing by Domosys Corporation verified the superior performance of the technology and led to the signing of a licensing agreement last month. Domosys is a leading provider of control networking technology to the residential, utility and commercial markets. "Since the Domosys agreement was announced at the Microsoft sponsored Connections Conference, we have received numerous requests for opportunities to evaluate our technology" said Hafez Panju, VP Systems & Production. "Demonstration kits are being sent out to many companies, some of which are industry leaders and/or Fortune 100 companies." "We are extremely pleased with the interest shown in our new two-way PLC", said Mr. Vid Wadhwani, Chairman & COO. "Recognition must be given to Sean Carroll, our Chief Engineer, and his development team in Kelowna, BC for their exceptional efforts and a job well done". "This is a new product that opens doors for IntraCoastal into the Residential Control/Home Automation market," says Wadhwani. "This is a market that is growing at 57% to 77% per annum Per annum Yearly. . This product has a role to play in areas such as Smart Appliances and Command & Control applications. As well, it has electric utility applications in load shedding and consumption management systems." This is IntraCoastal's second patent filed for a proprietary PLC technology. The first patent is based on a one-way spread spectrum modulation technique that is used primarily for the company's Automatic Meter Reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. ("AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ") application by utilities around the world. IntraCoastal System Engineering Corporation owns proprietary Power Line Communication systems based on Spread Spectrum as well as Narrowband BPSK technologies. These PLC technologies have been under development since 1992 and the first patent was received in 1998. One application of these technologies is in the field of telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. for Automatic Meter Reading. The first two commercial installations are located in southern China and in central Vietnam. The company has pilot projects operating around the world. Another application is in the area of Home Networking and for Command & Control applications. The company's shares are listed as ISY on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) (CDNX), "TED OHASHI" Ted Ohashi, President & CEO INTRACOASTAL SYSTEM ENGINEERING CORPORATION THE CDNX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. |
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