Rim Semiconductor Signs Memoranda of Understanding with Three Additional Companies in the Asian Market.Companies Have Combined Revenues of over Three Billion Dollars and Are Located in China, Singapore and Taiwan PORTLAND, Ore. -- Rim Semiconductor Company (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : RSMI), an innovator in video-over-copper, has entered into memoranda of understanding with three equipment manufacturers concerning their evaluation and testing of the Company's Cupria[TM] 5001 transport processor. These companies are located in China, Singapore and Taiwan. Together, they currently ship over ten million digital subscriber lines See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and per year to telephone companies worldwide. Their combined revenues are in excess of three billion dollars. Under the memoranda of understanding, these companies intend to complete a product evaluation of the Cupria[TM] 5001 transport processor. All three companies have asked Rim Semi to not identify them publicly until such time as they agree, or Rim Semi is required by the Securities and Exchange Commission, to be publicly identified. The memoranda of understanding do not bind Rim Semi or any of the equipment manufacturers. These three new companies are in addition to the two companies that entered into previously reported multi-year supply agreements with Rim Semi. "We believe that our customers will have a decisive advantage over their competitors because our chips will deliver a compelling performance advantage," stated Brad Ketch ketch, fore-and-aft-rigged sailing vessel with a mainmast forward carrying a mainsail and jibs. It has a mizzenmast aft, stepped forward of the rudder post. In the United States, ketch-rigged vessels are widely used today as yachts. , president and chief executive officer of Rim Semiconductor Company. "We are very pleased to see that major equipment manufacturers are eager to evaluate our new products." About Rim Semiconductor Company Rim Semiconductor Company (OTCBB: RSMI) develops technology for telecommunications companies See telecom company. to deliver demanding new video and data services with lower network costs. The company's products allow data to be transmitted at greater speed and across extended distances over existing copper wire -- all with the highest quality of service -- for a better end-user experience. For more information, visit www.rimsemi.com. With the exception of historical information contained in this press release, this press release may include "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 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. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to, the following: product development difficulties; market demand and acceptance of products; the impact of changing economic conditions; business conditions in the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industries; reliance on third parties, including potential suppliers, licensors, and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings. Rim Semiconductor is under no obligation and does not assume any obligation to revise or update any forward-looking statement in this press release in order to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or that may arise in the future. |
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