FinePoint's Digital Pen Technology is In Play With New Convertible Notebooks
October 28 2005 - 10:00AM
PR Newswire (US)
Receives Additional Purchase Orders From Major Computer OEM
PHOENIX, Oct. 28 /PRNewswire-FirstCall/ -- FinePoint Innovations, a
newly acquired subsidiary of InPlay Technologies, Inc.
(NASDAQ:NPLA) announced today that its new, digital pen technology
has launched as the computing pen and digitizer for a major
computer manufacturer's new product line of convertible notebooks.
FinePoint has received additional purchase orders of $2.0 million,
for a total of $3.1 million to date. FinePoint's patented
technology is the computing pen and digitizer for 3 models of
convertible notebooks, aimed at the enterprise, small business and
consumer markets with a suggested retail price as low as $1099.
FinePoint shipped approximately $700,000 of the initial purchase
order as of September 30, and expects to ship the majority of the
current purchase orders before the end of the year. FinePoint's
digital computing pen technology consists of a digitizer and
digital writing pen. The pen is an active RF digital pen versus the
older analog pen technology used with previously launched tablet PC
systems. The FinePoint configuration enables very low power
consumption of the notebook battery, and superior performance by
using a digital RF communication path. "Our digital technology
means greater accuracy and true pen-on-paper look and feel," said
Stephen Caldwell, president, FinePoint Innovations. "It was
important that the human interface, the computing pen, match with
the high performance, feature rich design of this product." "This
computer manufacturer has made a number of innovations in its
established 20-year history and the next generation of convertible
notebooks is no exception. We are excited that they included the
technological advantages that our digital pen brings, both short
term and for enhanced capability in future generations," Caldwell
continued. Convertible notebooks and tablet PCs expand on the
functionality of traditional notebooks by employing user-friendly
pen input devices in addition to a full keyboard. Pen computing
allows users to take notes, draw diagrams and edit documents in
electronic form. Standard forms can be filled out using these
devices and can be easily electronically transferred as needed.
Specific target markets include insurance, medical, real estate and
education. FinePoint designs, develops and commercializes
innovative pen-input solutions for builders of tablet PCs, computer
peripheral products, POS terminals and kiosks. Driving future
innovation, FinePoint's digital technology is uniquely positioned
to meet expanded functionality and performance needs. About InPlay
Technologies InPlay Technologies markets and licenses proprietary
emerging technologies. The InPlay business model is to bring
inventions to market by creating win-win relationships for the
inventors and manufacturers through InPlay Technologies. The
company was founded to commercialize its internally developed
Duraswitch electronic switch technologies and has executed license
agreements with switch manufacturers and OEMs worldwide. Duraswitch
patented technologies are in the controls of a wide range of
commercial and industrial applications. InPlay Technologies is
focused on building on the Duraswitch foundation and leveraging its
licensing model with additional, innovative technologies. Visit
http://www.inplaytechnologies.com/ for more information. This news
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, but are not limited to,
statements regarding anticipated production of FinePoint's digital
pen technology, the advantages of FinePoint's technology and the
potential for future enhancement using this technology. Risks and
uncertainties that could cause results to differ materially from
those projected include changes in production timing and volume,
unforeseen manufacturing difficulties 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, 2004. These
forward-looking statements represent our beliefs as of the date of
the press release and we disclaim any intent or obligation to
update these forward-looking statements. DATASOURCE: InPlay
Technologies, Inc. CONTACT: Heather Beshears, Vice President,
Corporate Communications of InPlay Technologies, +1-480-586-3357,
Web site: http://www.inplaytechnologies.com/
Copyright
Inplay Technologies (MM) (NASDAQ:NPLA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Inplay Technologies (MM) (NASDAQ:NPLA)
Historical Stock Chart
From Jul 2023 to Jul 2024