Zi Announces Agreement with Lucent Technologies and Appointment of Chief Financial Officer.CALGARY, ALBERTA--(BUSINESS WIRE)--Oct. 5, 1998--Zi Corporation(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 :ZICAF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ZIC ZIC Zinc Finger Protein ZIC Zurich Insurance Company ZIC Zhuhai International Circuit ZIC Zambia Investment Centre .) (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :ZIC.) Zi Corporation (TSE: ZIC; NASDAQ: ZICAF) ("Zi") is pleased to announce that it has entered into a Joint Co-operation Agreement with the Inferno Network Software Division of Lucent Technologies Inc., Murray Hill, New Jersey
Under this agreement, the companies will explore the enabling of the Inferno technology in the ideographic id·e·o·graph n. See ideogram. id  e·o·graph ic adj. languages based on the Zi 8 Chinese Language technology. Inferno is the first venture within Lucent Technologies to capitalize on Bell Labs' expertise in networking, communications and software development. The Inferno division of Lucent provides a revolutionary software platform for network-aware devices and applications. The Inferno mission is to equip customers with the necessary software elements to build a successful networked society. Zi Corporation's goal is to deliver technology and products that allow hundreds of millions of people who use ideographic languages to communicate easily and effectively in their own language. By connecting technology to language, Zi Corporation brings language processing to the mass market. The company is also pleased to announce the appointment of Rodney D. Mitton, B. Comm., C.A., to the position of Chief Financial Officer. Mr. Mitton is a chartered accountant with over twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. experience in senior financial positions with public companies in a number of industry sectors. Certain statements in this press release constitute "forward-looking statements" 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 including, without limitation, statements concerning the anticipated benefits to Zi Corporation of its agreement with Lucent. The expected inclusion of Zi Input technology with that of Lucent and exploring areas of common interests involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of Zi Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include uncertainties in the ability to successfully cooperate with Lucent; the ability of Zi Corporation to successfully design, develop and deliver any application that is compatible with Lucent's technology; the ability of Zi Corporation to successfully integrate and maintain compatibility with Lucent's technology' the ability of Zi and Lucent to successfully identify any marketing and business opportunities for the products, systems and services of either or both parties; economic conditions in Asia; the risks of doing business in foreign countries including China; and the risks and uncertainties referred to in Zi Corporation's Report of Form 20-F for the year ended December 31, 1997 filed with the US Securities and Exchange Commission. There can be no assurance that Zi Corporation will achieve commercial success through the agreement described herein. NEITHER THE TORONTO STOCK EXCHANGE Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. NOR NASDAQ HAVE APPROVED OR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN. |
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