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WirelessDevNet.com Press Release
MobilePro Corp. Announces ZigBee Integrated Circuit Project With South Korean Research Lab
ROCKVILLE, Md., Sept. 8 -- MobilePro Corp.
(OTC Bulletin Board: MOBL), an emerging technology company creating scaleable
and global wireless technologies and applications, announced today that the
company has signed a memorandum of understanding for a joint integrated
circuit ZigBee development project with a major Korean research laboratory.
The agreement with RF Microelectronics Laboratory (RFML), which is
associated with the Information and Communications University in Daejeon,
South Korea, calls for a joint development effort toward developing integrated
circuits for radio frequency (RF) transceivers of the ZigBee standard. The
integrated circuits will be fabricated in complementary metal oxide silicon
(CMOS) processes. The RFML has over the years proven to be a leading design
center for highly advanced and sophisticated radio technologies miniaturized
on semiconductor chips.
MobilePro CEO Arne Dunhem said, "This is an important agreement since it
provides the opportunity for MobilePro to actively design, develop and finally
move toward production of highly sophisticated radio frequency CMOS
semiconductors in the very exciting area of low-power ZigBee chips. We are
delighted and honored to be able to work with the world-renowned semiconductor
lab at the Information and Communication University in South Korea under the
leadership of Professor Sang-Gug Lee. We believe this will add significantly
to the value of our company."
Professor Lee said, "We are very pleased that this agreement with
MobilePro gives RFML an opportunity to actively participate in the fascinating
new ZigBee project."
MobilePro earlier announced it has begun development of a ZigBee radio
frequency (RF) integrated semiconductor circuit. ZigBee is an open standard
(IEEE 802.15.4), wireless RF technology that expects to revolutionize low-end
RF inter-communications.
The "ZigBee Project" is being carried out by NeoReach, Inc., a wireless
technology and semiconductor development company that is a wholly owned
operating unit under MobilePro Corp. NeoReach intends to design, patent, and
market various wireless technologies and semiconductor devices related to
various wireless niche markets. The company was awarded five patents in 2002
in the area of smart antenna and signal processing technologies.
The ZigBee Project calls for the development of a low-cost, low power two-
way wireless radio frequency semiconductor communications solution. The
semiconductor circuit could potentially be embedded in consumer electronics,
home and building automation, industrial controls, PC peripherals, medical
sensor applications, remote control toys and games. This leading-edge radio
frequency technology has the potential to revolutionize many applications and
devices that are used in daily life. ZigBee may be exceptionally suitable for
many remote control and automation applications.
An investment profile about MobilePro Corp. may be found online at
http://www.hawkassociates.com/mobilepro/profile.htm .
MobilePro is an emerging company creating scaleable and global wireless
technologies and applications. The company has expertise in wireless
components technology and intends to leverage that expertise into delivering
wireless applications and systems solutions for the global enterprise markets.
The company has aligned itself into three operating units. The company's
MobilePro Applications Division intends to develop new Wireless Data Network
Exchange Service(SM) products for wireless data applications and operational
support services such as wireless network monitoring and testing. The
company's MobilePro Systems Division intends to provide specialized radio
frequency design services for turnkey wireless systems, wireless telemetry
systems, solutions that bridge wireless local area networks ("WLAN") and third
generation ("3G") and other wireless web systems. The company's NeoReach
Division intends to develop advanced 3G chip technology including 3G modem
semiconductor chip sets for hand set telephones, pico-cell base stations,
smart antenna technology and advanced radio frequency semiconductors.
MobilePro is headquartered in Rockville, MD in the Washington D.C.
technology corridor.
For more information, contact MobilePro Chairman and CEO, Arne Dunhem at
(301) 315-9040 or email adunhem@neoreach.com . For investor relations
information, contact Frank Hawkins or Julie Marshall, Hawk Associates, at
(305) 852-2383. Email: info@hawkassociates.com . Detailed information about
MobilePro can be found on the website http://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 website http://www.hawkassociates.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. Results actually achieved may differ materially
from expected results included in these statements.
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