7/11/2002 - Microtune™, Inc. (NASDAQ: TUNE) announced that it has joined a team of industry leaders, spearheaded by NTT-ME Corporation (Tokyo, Japan), to develop a Wireless LAN Internet Access Service in Japan. The new service will enable consumers to access broadband voice and data wirelessly from access 'portals' located at convenience stores, railway stations, fast food chains and other commercial locations, and eventually, at homes, schools and offices. Microtune will provide its Bluetooth™ silicon and software technology in mobile phones to provide voice connection to the access points.
In addition to NTT, companies participating in the joint effort include: NEC CustoMax Ltd., Fuji Xerox Co., Hitachi, Ltd., Oki Electric Industry Co., Compaq Computer Co., am/pm Japan Co., Ltd., Tobu Railway Co., Sagami Railway Co., Toppan Printing Co., Ilinx, Inc., among others. In combination, the companies provide the critical infrastructure components, ranging from content, area portal sites, terminals, services and networks to Microtune's wireless connectivity technology, required to implement robust wide-area wireless broadband access in a large-scale roll out.
The Wireless LAN Internet Access Service is slated for field trials in Tokyo in July 2002, with full-fledged commercial deployment, implemented in phases, beginning in November 2002.
In a press conference in Tokyo on July 1, 2002 to announce the new service and its business model, NTT representatives outlined the goal: to enable the public to take advantage of mobile broadband services, including Internet Protocol (IP) telephony, at lower cost. In the process, the service yields enhanced consumer benefits-it permits users to obtain Internet information, from maps to menus to train schedules, or to place wireless IP phone calls at kiosks or 'portals' from handy, convenient area-wide locations.
"We are pleased to join with NTT and the other industry-leading companies in the development of this pioneering Wireless LAN Internet Access Service," explained Douglas J. Bartek, Chairman and CEO of Microtune. "Microtune's system-on-chip technology, when implemented in mobile phones, will enable Bluetooth-based voice communications in a roaming environment. It permits phones to function as portable terminals that can be used to connect to the Service's access points, while reducing the phone costs for consumers."
Microtune's Bluetooth system-on-chip technology enables manufacturers to build extended-range, feature-rich phone systems with the ability to communicate-without wires-to headsets, computers, personal digital assistants (PDAs) and a host of other Bluetooth-enabled terminals or devices. The company's products, which offer a complete hardware and software solution, enable cost-effective, practical wireless connectivity between telephony and PC data communications products.
Forward Looking Statement
This press release contains forward-looking statements, including those discussing the development of new products and the results of those efforts, that are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are generally accompanied by words such as "plan", "estimate", "expect", "believe", "could", "would", "anticipate", "may", or other words that convey uncertainty of future events or outcomes. These forward-looking statements and other statements made elsewhere in this release are made in reliance on the Private Securities Litigation Reform Act of 1995. Factors which could cause actual results to differ include the Company's ability to develop new products that comply with industry standards and the ability to migrate customers to silicon-based products, the ability to manufacture new products in the time frame required, the ability to sell new products at anticipated levels, the ability to develop new products within anticipated cost range, and general economic conditions that have affected the broadband communications, automotive and wireless connectivity markets recently, any of which may cause the Company's financial results to fluctuate. Readers are referred to the reports and documents filed by Microtune with the Securities and Exchange Commission from time to time, including its Form 10-K for the year ended December 31, 2001, Form 10Q for each quarter and Form S-3 filed on August 17, 2001, as amended in December 2001.
Microtune, Inc. is a leading silicon and systems company that designs, manufactures and markets radio frequency (RF)-based solutions for the global broadband communications, automotive electronics and wireless connectivity markets. Inventors of the MicroTuner™ single-chip broadband tuner, the Company offers a portfolio of advanced tuner, amplifier, transceiver and wireless products that enable the delivery of information and entertainment across new classes of consumer electronics devices. The Company currently holds 14 U.S. patents for its technology, with more than 50 applications pending approval that span its RF and wireless products, containing almost 2000 supporting claims. Founded in 1996, Microtune is headquartered in Plano, Texas, with key design, manufacturing and sales centers located around the world. The web site is www.microtune.com
Microtune is traded on the NASDAQ Stock Exchange under the symbol TUNE.
Microtune, MicroTuner, MicroStreamer and VideoCaster are trademarks of Microtune, Inc.
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