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Empower Technologies™ Announces ODM Technologies, Inc., as the First Authorized LinuxDA Embedded™ O/S Consumer Electronics DeveloperEmpower Technologies Signs Contracts for Licensing, Product Development, Manufacturing and Distribution Initiatives with ODM Technologies, Inc. Richmond, British Columbia - November 22, 2004 - Empower Technologies (“Empower”) is pleased to announce the signing of four agreements: a LinuxDA Embedded™ O/S For OMAP 5910 OEM (Original Equipment Manufacturer) License Agreement, an OEM Distribution and License Agreement, a Joint Product Development Agreement, and a Supply Agreement, on October 22 nd, 2004 between ODM Technologies, Inc. ("ODM Technologies") and Empower Technologies, Inc. (“Empower US”), a wholly-owned subsidiary of Empower Technologies Corporation (TSX.V: EPT). Under the terms of the agreements, ODM Technologies will become the first LinuxDA Embedded ™ O/S (LEOs ™ ) licensee for a period starting from November 1, 2004 throughOctober 31, 2007. ODM Technologies will include LEOs ™ as one of their design platforms offered to their customers. ODM Technologies will also joint develop new audio/video products with Empower Technologies ™ . These new consumer audio/video products using Empower's LEOs™ will be introduced and available for release through Empower’s growing distribution and sales channels starting in 2005. The new PowerPlay™ consumer audio/video products will also be available for private label/OEM to both ODM Technologies' and Empower’s customers. The above initiatives are part of Empower's strategic plan to accelerate LEOs ™ license penetration through major consumer electronic developers and manufacturers. "This is another sign that the LinuxDA Embedded™ O/S is making inroads into the consumer electronics design, engineering and manufacturing industry. Being utilized by one of the top consumer audio and video product developers, such as ODM Technologies, broadens LinuxDA Embedded™ O/S's licensing opportunities and exposure with major brands", said Paul Leung, Founder, Chairman & CEO of Empower. “With these agreements in place it is exciting to see us start to empower the future of consumer electronic products for distribution in 2005”, said Edward Dennis, President of Empower Technologies™. “ODM Technologies is pleased to partner with Empower Technologies™ and include LEOs™ with one of our ODM platforms to bring our customers an extremely powerful and capable consumer electronics platform”, said Rich Eilenberg, President and CEO of ODM Technologies. “ODM is extremely pleased to be using the LinuxDA Embedded™ O/S in our ODM platforms and products. LinuxDA Embedded™ O/S forms the basis of a feature rich consumer electronics environment with an advanced and intuitive user interface. In this competitive market sector the technology that Empower brings to this partnership fits our needs perfectly. There is a strong synergy between the two companies and this will benefit our customers”, said Cliff Blodget, CTO of ODM Technologies. About Empower Technologies Founded in 2000, Empower Technologies™ is a provider of Linux-based embedded system technologies and solutions for the consumer electronics industry and the intelligent appliance market. Empower is an innovative company that introduced to the world LinuxDA O/S, the first and only complete Palm® Handheld compatible Linux Operating System scaled down for the Motorola Dragonball CPU platform. By uniting top professionals from within the computer industry and developing quality partnerships and strategic alliances, Empower is committed to being the leading provider of Linux-based embedded system technologies and solutions for consumer electronics manufacturers. Empower’s brands are “LinuxDA™” (www.linuxda.com) a Linux-based embedded operating system and “PowerPlay™” (www.powerplaydevices.com) smart consumer electronics. About ODM Technologies ODM Technologies, Inc. is a California corporation established in 2001 with offices in Miramar California, Houston Texas, Grand Rapids Michigan and China. ODM's core business is product development, management of contract manufacturing and research and development of new technologies. ODM Technologies can implement product designs to customer specifications on a turn key basis or for rapid product implementation they offer an “ODM platform” and can apply brand identity. The ODM platform is modular and consists of speakers, digital power amplifiers at several power levels, power supplies, DSP boards, Internet host processor boards, input boards, display options and control options. The DSP or host boards can do decoding and custom processing. Systems can be configured with or without the DSP or host boards. The electronics can also be applied to stand alone AVR receivers, DVD receivers, amplifiers and processors. ODM Technologies specializes in a total system engineering approach, optimizing the system from source to speaker. This has resulted in many design wins and industry awards such as PC Guide Magazine product of the year, CES Innovation awards, CES Design and Engineering Showcase Awards, Tech TV Finalist, CNN, MSNBC, Design Technica and Today show exposure. Contact Information: Empower Technologies, Inc.: ODM Technologies, Inc. Investor Relations: Empower Technologies Corporation Paul Leung The statements contained in this news release that are not historical facts are forward looking statements. Such statements are based on management's estimates, assumptions and projections using available information. The company cautions that actual financial results could differ materially from the current expectations due to a number of factors. The TSX Venture Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release. Palm is a trademark of Palm, Inc. PowerPlay and LinuxDA are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners. |
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