Inplay Technologies (MM) (NASDAQ:NPLA)
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From Dec 2019 to Dec 2024
InPlay Technologies (NASDAQ: NPLA) has received a conditional purchase
order for its dual-mode, digital pen-and-touch solution from a leading
Japanese electronics manufacturer. InPlay’s
technology has met a full range of rigorous testing and is designed into
an updated line of rugged tablet PCs. The purchase order is contingent
upon successful completion of pre-production qualification.
“We feel that it is a strong validation of our
technology and the benefits we bring to this market to be selected by a
major Japanese OEM. Our digital pen and touch screen product is designed
to deliver a high-quality user experience consistent with our customer’s
stringent requirements for durability,” said
Ramesh Ramchandani, president and COO, InPlay.
Once final requirements are met, production is expected to begin in
fourth quarter 2008. InPlay estimates that the project will generate
approximately $1 million in revenue annually.
InPlay offers the only digital communication pen technology on the
market, bringing significant advantages over traditional analog
products. With InPlay’s integrated digital pen
and touch solutions, the system automatically recognizes pen or finger
input, allowing the user to choose the most natural and effective input
method. The system also incorporates palm rejection to avoid
unintentional input, thereby creating a comfortable user experience. The
active digital pen optimizes handwriting recognition and allows for
added digital features, while the touch screen offers a quick intuitive
interface for cursor selection and navigation.
About InPlay Technologies
InPlay Technologies is a developer of innovative human interface devices
for electronic products. The company’s
FinePoint division offers the only digital-based pen-input solution for
the rapidly growing mobile computing market. With InPlay’s
digital technology, OEMs have an almost limitless roadmap for
development of new features and functions for their product designs. The
Company’s Duraswitch®
brand of electronic switch technologies couples the friendly tactile
feedback of mechanical pushbuttons and rotary dials with the highly
reliable, thin profile of membrane switches, enabling OEMs to create
ergonomic, space saving input panels for a wide range of applications.
Visit www.inplaytechnologies.com
for more information.
This release contains certain “forward-looking
statements” within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements include
statements regarding potential production and revenue. Risks and
uncertainties that could cause results to differ materially from those
projected include changes in requirements and production timing or loss
of purchase orders, and other uncertainties described from time to time
in our documents filed with the Securities and Exchange Commission,
including our Annual Report on Form 10-KSB for the year ended December
31, 2007, as filed with the SEC on March 24, 2008. These forward-looking
statements represent our beliefs as of the date of this release and we
disclaim any intent or obligation to update these forward-looking
statements.