LOS ANGELES, Aug. 28, 2013 /PRNewswire/ -- (OTCMarkets
Disclosure & News Service) – TechnoConcepts, Inc.
(OTCMarkets/Pinksheets: TCPS) has recently been upgraded from
the Yield Sign on OTCMarkets to Current Information, following
through on its plan to provide complete disclosure to all
shareholders. This press release is to provide a general corporate
update about the Company and its plans for the future.
Several debtors and preferred stockholders of the Company
recognized last year that TechnoConcepts' proprietary technology,
including True Software Radio™ and Lycon™ chip, were once again
commercially viable when the FCC agreed with President Obama's
directive to the Commerce Department to create a "shared-use
spectrum superhighway" in the 500 to 1000 MHz spectrum.
A report issued last year by the President's Council of
Advisors on Science and Technology (PCAST) cited one statistic that
predicts the number of devices connected to mobile networks
worldwide will grow tenfold by 2020, from 5 billion to 50 billion.
To meet this demand, PCAST recommended that President Obama direct
the Commerce Department to identify 1000 MHz of federal spectrum
that could be leveraged to create "shared-use spectrum
superhighways." The full report can be found here:
http://www.whitehouse.gov/sites/default/files/microsites/ostp/pcast_spectrum_report_final_july_20_2012.pdf.
The Company believes that the Lycon™ chip technology was ahead
of its time. However, now that mobile phones and other
internet enabled devices will be using spectrum sensing technology,
the Company's technology is ready for commercialization and
potential licensing opportunities. The Company's True Software
Radio™ technology makes it possible for wireless transmitters
and receivers, as well as the radio signal processing, to be
fully controlled and reconfigured by software commands across
a wide range of frequencies and frequency bands. True Software
Radio™ technology is an advanced delta-sigma microchip architecture
that converts RF signals directly into digital data for the
wireless receiver and directly from digital data into radio signals
for the wireless transmitter.
The Company believes that direct conversion wireless technology
will replace current conventional analog transceiver circuitry,
providing fully software-controlled single-transceiver wireless
devices that can operate across different networks and frequency
bands, in multiple modes and with multiple wireless
standards, with higher resolution and greater bandwidth than
conventional circuitry. True Software Radio™ microchips
replace the analog front end, intermediate frequency (I/F)
processing, analog-to-digital conversion (ADC), and digital
filtering sections of today's conventional wireless
transmitters and receivers. Because the technology simplifies
design and reduces component costs, the Company believes that True
Software Radio™ is an ideal platform for OEMs and ODMs to develop
new wireless broadband, mobile data, cellular, and other
next-generation wireless applications.
The Company will continue to develop its technology and find an
appropriate licensing partner.
The Company has met with several law firms regarding specific
intellectual property related items and will be deciding shortly on
a firm to represent them regarding all intellectual property
related items.
About TechnoConcepts, Inc.
TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is a wireless
technology company currently holding patents and other intellectual
property. The Company is a Colorado company in good standing.
Forward-Looking Statements
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933, and are subject to Rule 3B-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of
fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the
company, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and other results and further events could
differ materially from those anticipated in such statements. Future
events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward-looking
statements.
SOURCE TechnoConcepts, Inc.