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AlphaSmart Extends Licensing Agreement With PalmSource
LOS GATOS, Calif., March 18 /PRNewswire-FirstCall/ -- AlphaSmart, Inc. , a
provider of technology solutions for education, today announced that it has
extended the terms of its licensing agreement with PalmSource, Inc. The new
contract, which gives AlphaSmart the ability to continue to innovate on the Palm
OS platform, extends the terms of its original agreement by more than two years,
or through December 31, 2008.
"By extending our agreementwith PalmSource, AlphaSmart is reaffirming its
commitment to the Dana platform," said Ketan D. Kothari, chairman and chief
executive officer of AlphaSmart. "We intend to continue to design and deliver
technology solutions that reduce the cost and complexity of computing. In
education, Dana adoption is accelerating, and we remain committed to investing
in the solutions necessary to make it a preferred choice among educators. In
addition, we're exploring ways to address the growing needs of other
professional users who appreciate the simplicity, affordability and wireless
capabilities of the Dana platform."
Dana by AlphaSmart is a Palm Powered laptop alternative that we believe combines
the convenience and affordability of a handheld with functionality comparable to
a notebook computer. Each ultra-lightweight Dana features an integrated
full-size keyboard with touch screen display that is 3.5 times wider than a
typical handheld and can deliver more than 25 hours of battery life between
charges. The wireless model, Dana Wireless, enables Wi-Fi (802.11b) connectivity
in the classroom, on campus, at the office or at thousands of public HotSpots,
enabling email, Web browsing and instant messaging.
"The need for affordable technology solutions in the education market has never
been greater, and we're pleased that Dana will continue to inspire educators and
students for many years to come," said Dave Nagel, president & chief executive
officer of PalmSource. "We're proud of the many contributions the platform has
made within the classroom, and look forward to watching it evolve to reach new
customers as well."
AlphaSmart, Inc.
AlphaSmart, Inc. is a provider of technology solutions for the education market.
AlphaSmart's portable computer-companion products are used by students in 7,500
U.S. school districts to enhance writing, keyboarding and comprehension. Based
in Los Gatos, California, AlphaSmart was founded in 1992 by former Apple
Computer engineers.
This press release contains forward-looking statements within the meaning of
Section 27(a) of the Securities Act of 1933 and Section 21(e) of the Securities
Exchange Act of 1934, including statements related to (i) our commitment to the
Dana platform; (ii) our intention to continue to design and deliver technology
solutions that reduce the cost and complexity of computing; (iii) our commitment
to investing in solutions necessary to make Dana a preferred choice among
educators; (iv) our exploration of ways to address the growing needs of other
professional users; (v) PalmSource's belief that Dana will continue to provide a
cost-effective solution for educators and students for many years to come; and
(vi) PalmSource's expectation that Dana will evolve to reach new customers. .
Our expectations and beliefs regarding these matters may not materialize.
Actual results in future periods are subject to risks and uncertainties that
could cause actual results to differ materially from those projected. These
risks include fewer teachers andadministrators embracing technology solutions
and one-to-one computing than we expect; our platforms failing to obtain broad
market acceptance; a decline in investment in, or a loss or reduction of funding
for, educational institutions; our need to maintain and develop strong brand
identity; our potential customers choosing the greater functionality offered by
PCs over our platforms; the risk that some government initiatives may not
endorse, or be complementary to, our platforms; risks associated with the lack
of diversity among our product offerings; our Dana by AlphaSmart platform's
dependence on our license with PalmSource; and our dependence on our suppliers,
particularly our single source suppliers, among other risks. The
forward-looking statements contained in this press release are also subject to
other risks and uncertainties, including those more fully described in
AlphaSmart's filings with the Securities and Exchange Commission, including its
Registration Statement on Form S-1 declaredeffective by the Securities and
Exchange Commission in February 2004. AlphaSmart does not undertake to update
any forward-looking statements.
Note: AlphaSmart is a registered trademark of AlphaSmart, Inc. Other brand,
company and product names used in this press release belong to their respective
owners. Palm OS and PalmSource are registered trademarks of, and Palm Powered is
a trademark of, Palm Trademark Holding Company, LLC. Each trademark, trade name
or service mark of any other company appearing in this press release belongs to
its holder.
DATASOURCE: AlphaSmart, Inc.
CONTACT: Carleen LeVasseur of AlphaSmart Public Relations,
+1-408-264-6767 or
Web site: http://www.alphasmart.com/