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MobilePro Corp. Files for Wireless Technology Patent
April 08, 2004 08:59:00 (ET)
BETHESDA, Md., Apr 8, 2004 /PRNewswire-FirstCall via COMTEX/ -- MobilePro Corp. (MOBL, Trade) announced today that the company has filed a patent application with the United States Patent and Trademark Office for a wireless technology invention created by the company. The application covers 32 claims in multiple frequencies around multiple wireless standards including ZigBee, Wi-Fi and Bluetooth. Wireless standards themselves are in the public domain and thus not patentable.
The patent application describes a technology that increases integration on a semiconductor chip for wireless communications. The new design is anticipated to allow for lower cost and more compact and efficient wireless communications. It reflects the trend toward fully integrated systems-on-a-chip ("SoC").
MobilePro President and CEO Jay Wright said, "Today's announcement represents a potentially dramatic positive step for our company. If the patent claims we are applying for are issued by the U.S. Patent Office, we believe we would achieve a strong, defensible technology position in the wireless market that would justify a significant expansion of MobilePro's wireless technology division. This new application is the first of what we hope will be a series of patent applications for our NeoReach subsidiary."
MobilePro CFO Kurt Gordon said, "We believe this patent application, if issued, together with previously issued patents, would significantly increase the value of our intellectual property holdings. We are continuing to research and develop wireless technologies and anticipate additional applications that we are developing will be announced before the end of this year."
ZigBee is a wireless standard (802.15.4) for the emerging home, commercial and industrial networking and controls market for reliable, cost-effective, low-power solutions. Research firm ABI estimates that the home controls wireless market alone could reach $4 billion by 2008. MobilePro and NeoReach are members of the ZigBee Alliance (www.zigbee.org), an industry consortium working on ZigBee standard chips and devices.
Wi-Fi is a wireless standard (802.11b). Research firm BWCS reported more than 80 million broadband connections in homes globally at year-end 2003. However, the number of Wi-Fi-enabled homes in 2003 was only 5 million, mainly in the United States. An estimated 50 million homes in Europe, the United States and Asia are forecast to have Wi-Fi connectivity by 2007. For more information, please go to www.wi-fi.org.
Bluetooth is an open specification for short-range communications of data and voice between both mobile and stationary devices. Bluetooth technology enables seamless voice and data connections between a wide range of devices through short-range digital two-way radio operating in the 2.4 GHz frequency band. Market researchers predict tremendous growth for the Bluetooth market. According to research firm InStat/MDR, the Bluetooth market will show a 132 percent compound annual growth rate or an increase from 10.4 million Bluetooth chip sets shipped in 2001 to 690 million units in 2006. IDC and Allied Business Intelligence expect worldwide shipment of 400 to 500 million Bluetooth modules in 2005, a cumulative total of one and a half billion for the years 2000 to 2005. A Merrill Lynch market study forecasts 2.1 billion Bluetooth modules will be sold in 2005, with a cumulative total of 5.5 billion for the years 2000 to 2005. For more information, please go to www.bluetooth.com.
MobilePro Corp. is a wireless technology and broadband Internet services company based in Bethesda, Maryland with operations in Dallas and Beaumont Texas. The company is focused on creating shareholder value by developing innovative wireless technologies, acquiring and growing profitable broadband internet service providers and forging strategic alliances with well-positioned companies in complementary product lines and industries.
An investment profile about MobilePro Corp. may be found online at www.hawkassociates.com/mobilepro/profile.htm.
For more information, contact MobilePro CEO Jay Wright at (301) 315-9040. For investor relations information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 852-2383. Email: email@example.com. Detailed information about MobilePro can be found on the website www.mobileprocorp.com. An online investor kit including copies of MobilePro press releases, current price quotes, stock charts and other valuable information for investors may be found on the websites www.hawkassociates.com and www.hawkmicrocaps.com.
This release contains various 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 which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward- looking statements including the Company's ability to obtain future financing on favorable terms, changes in the wireless and telecommunications industries that compel the Company to alter its present business strategy, the Company's ability to attract management capable of implementing the Company's existing or future business strategy and the risk factors set forth in the Company's SB-2 registration statement. Results actually achieved may differ materially from expected results included in these statements as a result of these factors or others. Specifically, investors are cautioned that development of any form of semiconductor or other chip has many risks, including, but not limited to, the risk that the design may prove too expensive or too impractical to manufacture, the risk that development may be delayed or become more expensive than anticipated and/or that competitors may develop better, less expensive chips. Many chip developers, such as Intel, Motorola and Texas Instruments, have greater resources than MobilePro and thus are formidable actual or potential competitors. Additionally, the United States patent and trademark office may not grant a patent on a filed application or may grant only a portion of the claims made. Even if a patent is issued, having a patent does not guarantee the success of a product or the company which owns the patent.
SOURCE MobilePro Corp.
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