MobilePro Achieves ZigBee Development Milestone
Friday October 29, 9:57 am ET
BETHESDA, Md., Oct. 29 /PRNewswire-FirstCall/ -- MobilePro Corp. (OTC Bulletin Board: MOBL - News) announced today that the company has completed the design of its first ZigBee wireless semiconductor chip. The chip design for the so-called "RF layer," or "physical layer," is now being converted into a prototype chip at a facility in Taiwan.
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Jay Wright, MobilePro chairman and CEO, said, "Kurt Gordon and I visited our engineering team and alliance partner, ICU, in South Korea earlier this week and validated the decision we made earlier this year to actively pursue our ZigBee technology. Not only had the team completed the design for our first 2.4 GHz ZigBee chip, they already have a second 900 MHz ZigBee chip on the drawing board. While in South Korea, we also had productive meetings with some additional potential strategic partners who we believe may be able to help us increase the value of our Neoreach subsidiary."
About MobilePro Corp.
MobilePro Corp. is a wireless technology and broadband telecommunications company based in Bethesda, MD, with operations in Hurst, Houston, Dallas and Beaumont, TX; Coshocton, OH; Kansas City, KS; Janesville, WI; Detroit, MI; Shreveport, LA; Tucson, AZ and Stevensville, MD. The company is focused on creating shareholder value by developing innovative wireless technologies, acquiring and growing profitable telecommunications companies utilizing VoIP, broadband and wireless technology and forging strategic alliances with well- positioned companies in complementary product lines and industries. MobilePro has closed acquisitions with cumulative expected 2005 calendar revenue of more than $51 million and positive expected operating earnings.
An investment profile about MobilePro Corp. may be found online at http://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, e-mail: 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 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.
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Source: MobilePro Corp.