Readen Holding Corp. (PINKSHEETS:RHCO) Announced the Signing of a Letter of Intent for the Most Revolutionary Acquisition Sin...
June 13 2012 - 9:00AM
Marketwired
READEN HOLDING CORP. (PINKSHEETS:RHCO) -
In the process of becoming a major participant in the telecom
industry the company signed a preliminary acquisition contract for
the purchase of 81% of the shares of ASYANS a research, development
company and patent holder of the uplex® concept.
ASYANS Holds patents and patents pending of the uplex®, a new
chip design platform invention developed in house by their Team of
R&D and technology engineers working hand in hand with
prestige's technical institutes like:
TNO - DUTCH ORGANISATION FOR Scientific Research,
http://www.tno.nl/index.cfm?Taal=2
TU/E - Eindhoven University of Technology,
http://www.tue.nl/en/
Sioux - Group of 300 multidisciplinary engineers,
http://www.sioux.nl/en.html
Neways - Electronics International N.V. http://www.neways.nl
The uplex® concept is multi programmable, maximized security, a
high processing power(40-100Mips) and Memory (1GB up to 64GB) in
one product.
The uplex® will be implemented in mobile Smartphone's, internet
data, music & video storage, smartcard, credit and bank cards
and will be used in a multitude of security card, medical card,
driver's licenses, possible passports, ID cards including finger
print, iris and face scan, several of world's largest companies in
the industry have shown tremendous interest, prototypes have been
approved and are waiting for the company to start the
production.
The uplex® platform design, offers more innovations for the
coming years where by "Moore's Law" will be postponed.
We envision that manufacturers will be adapting and gladly use
the uplex® platform based upon a joint venture or license agreement
several of world largest producers of the above mentioned products
are anxious waiting for the first production.
The company forecasts that the first deliveries will be done
around the second quarter of 2013 and shortly after the first
licensing agreements will be signed.
A prudent forecast says that this will bring RHCO a 250 million
dollar sales revenue in the second year of operations.
Readen Holding Corp. committed themselves to a 10 million dollar
initial investment which will be realized via private placements
from external investors and two potential customers.
A unique 3D Chip platform development, resulting in a Chip,
named "uplex®, with all computing processing power and storage in
one. The successful development, the first in its kind, concerns 3D
integration and face to face stacking of a CPU (own design) and
memories, seamless applicable and varying between 1MB - 64Gb and in
next stage with even higher storage capacities up to 384Gb, all in
one chip! We are the first to make direct communication possible
between the two products, (CPU and Memory).
Ronald Steenbergen, Readen Holding Corp., Chairman quote
We have been working for the last 10 months to realize this
acquisition and the financial commitment, we strongly believe that
it is hard to estimate the size of this potential product. Our only
focus is to start production as soon as possible and make the right
decisions of how to license the product so that the Asyans
engineers can go on with the development of the uplex® generations
to come. The company has planned for their own Brand D5 Mobile to
develop a complete product line using the uplex® platform.
Readen Group's mission statement is to be a valuable partner for
customers in terms of technical flexibility, quality and
competitive pricing through the complete value chain (SIM cards,
mobile phones and applications).
http://www.readenholdingcorp.com
http://www.asyans.com
This press release may contain forward-looking statements,
including, but not limited to, statements regarding Readen Holding
Corporation and its plans, products and related market potential.
Forward-looking statements may be identified by the use of the
words "anticipates," "expects," "intends," "plans," "should,"
"could," "would," "may," "will," "believes," "estimates,"
"potential" or "continue" and variations or similar expressions.
These statements are based upon the current expectations and
beliefs of management and are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks
and uncertainties include, but are not limited to, risks and
uncertainties discussed in Readen Holding Corporation's postings on
the OTC Markets Disclosure & News Service and future filings
with the Securities and Exchange Commission, which factors are
incorporated herein by reference. Readers are cautioned not to
place undue reliance on any of these forward-looking statements.
Readen Holding Corporation undertakes no obligation to update any
of these forward-looking statements to reflect events or
circumstances after the date of this press release or to reflect
actual outcomes.
Contacts: Readen Holding Corp. Ronald Steenbergen +31 3562
99970info@readenholdingcorp.com www.readenholdingcorp.com
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