LAS VEGAS--(BUSINESS WIRE)--Dec. 2, 2004--MB Tech (OTCBB: MBTT - News) has initiated its marine satellite innovation in cooperation with A-Telecom Ltd, the leading low noise blocking converter (LNB) and satellite component manufacturing company worldwide. MB Tech will be expanding its product line to include the auto positioning flat antenna, marine antenna, and phased array antenna with silicone phase shifter chip (which can reduce the antenna size to less than 1 inch and which represents an industry breakthrough).
There are three parts of the marine system: antenna, media receiver, and software to track the satellite. MB Tech will be responsible for the antenna dish and utilize its existing tracking solution. A-Telecom will be responsible for the LNB and supporting hardware. This effort entails the assistance of the industry expert Tae Kwan Cho, who is directing the required modifications to our existing technology and the development of a gyro-digital compass system which represents a key component in the new marine tracking system.
It is anticipated that the completion of the marine antenna will be February 2005. Negotiation with distributors in Korea and Japan commenced during this current quarter. "We intend to market this product initially to the coastal service business and yacht market. The prototype presently has a unit sized as a 20-inch diameter dome with 21-inch height. The price is being targeted well below the industry overall which is in line with the company's overall corporate strategy of innovation and price performance," said Hanwook Bae, CEO of MB Tech.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company(s) may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
--------------------------------------------------------------------------------
Contact:
MB Tech
Harry Kay, 702-315-0324
Hanwook Bae, 82-31-757-0275
or
Princeton Research Inc.
J. Michael King, 702-650-3000