More News!!KIWI Network Solutions Inc. completes development contract with Lyrtech to construct Proprietary Handheld Communicator
Wednesday September 29, 10:10 am ET
TORONTO, Sept. 29 /PRNewswire-FirstCall/ - KIWI Network Solutions Inc. ("KIWI") (OTCBB:KWNS - News), a developer and integrator of web-based, wireless network applications and wireless device technology, announced today that it has entered into an agreement with Lyrtech Inc. (www.lyrtech.com). (TSX-V: LYT - News), a globally recognized player in digital signal processing (DSP) technologies, for the final design, development and certification of KIWI's Proprietary Handheld Communicator.
Lyrtech will act as the technology integrator responsible for the final design, development and certification of a proprietary multi-network enabled handheld personal computing/data/audio mobile communicator for KIWI. Terms of the contract will be disclosed in a subsequent release and applicable filing(s).
"The technical depth and signaling expertise of Lyrtech has met our selection criteria for the completion and introduction of the long awaited KIWI handheld device. The device has been pre-engineered to accommodate the ever expanding cellular, 802.11 and ultra broadband target segments. As well, Lyrtech will ensure that the device stands the test of time in terms of performance and functionality by integrating the preeminent industry components and technologies for this type of device" stated President and Director, Derek Pepler.
"In an industry where time-to-market is critical, Lyrtech has the expertise to promptly deliver advanced turnkey solutions to its customers such as the KIWI handheld device", stated Miguel Caron, Lyrtech's President and CEO. "By working with Lyrtech, KIWI ensures that it will be able to have a functional device very quickly as well as have access to Lyrtech's manufacturing capabilities allowing it to deliver the product to the customer in a timely manner."
Lyrtech (www.lyrtech.com) is a recognized player in the worldwide digital signal processing (DSP) market with more than 20 years of experience in the delivery of advanced technology solutions in Asia, Europe and the Americas. Lyrtech is the one-stop place for electronic design, prototyping, manufacturing and delivery of a full range of value-added products and services, which range from off-the-shelf DSP/FPGA development platforms to turnkey project solutions and electronic manufacturing services (EMS). The company works in partnership with industry leaders such as Altera, StarCore, Texas Instruments, The MathWorks, and Xilinx. Lyrtech delivers consistent quality and support to its large OEMs customer base, which includes many prestigious names such as Nokia, Nortel, Fujitsu, Sony, GM, Honeywell, Toyota, Honda, BAE Systems and EADS.
KIWI Network Solutions Inc. is a developer and distributor of third party devices and peripherals that are enabled to deliver 2-Way voice, audio, data and short messaging over applicable broadband Internet Protocols, Multiple Cellular Networks, Short Messaging, 802.11B/G and other ultra broadband networks. The technologies and hardware are compatible with all major cellular carriers, ISPs and virtual network companies.
This material includes forward-looking statements based on management's current reasonable business expectations. In this document, the words "can," "anticipates," and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future expectations.
Contact:
Derek Pepler
Director, KIWI Network Solutions Inc.
Direct Line: (416) 271-2514
Contact:
Miguel Caron,
President, Chief Executive Officer, Lyrtech Inc.
Tel: (1-888-922-4644) Toll Free USA & Canada
miguel.caron@lyrtech.com
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Source: KIWI Network Solutions, Inc.