M2 PRESSWIRE-January 5, 2011-Stock Pick: OTC Penny Stock News - Jan 5 - FKWL, NEON, TPAC, VCRT(C)1994-2011 M2 COMMUNICATIONS
RDATE:05012011
Stockpick.pro brings you all the stock news: Franklin Wireless Corp. (OTCBB: FKWL), Neonode Inc. (NEON.OB), Trans-Pacific Aerospace Company Inc. (OTCBB:TPAC), Vicor Technologies Inc. (OTCBB: VCRT)
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Franklin Wireless Corp. (OTCBB: FKWL)
SAN DIEGO, CA -- 01/04/11 -- Franklin Wireless Corp. (OTCBB: FKWL), the market leader in dual-mode WiMAX and CDMA modems for 3G and 4G wireless broadband data communications, is reviewing a claim of patent infringement recently made by Novatel Wireless. Novatel's allegations fail to identify any product that allegedly infringes its intellectual property rights. Franklin Wireless has its own intellectual property rights and respects the intellectual property rights of others. It has retained the law firm of Sheppard, Mullin, Richter & Hampton to represent it in this matter and intends to defend itself vigorously against these allegations.
About Franklin Wireless
Franklin Wireless Corp. (OTCBB: FKWL) is engaged in the design, manufacture and sale of high speed wireless data products including third generation ("3G") and fourth generation ("4G") modems, routers and modules. Our current products are focused on widely deployed cellular technologies including CDMA EVDO Rev A, HSPA, WiMAX and LTE. We were the world's first supplier of both CDMA EVDO Rev A and dual-mode (CDMA EVDO Rev A/WiMAX) Universal Serial Bus (USB) modems. Franklin's other products include Wi-Fi "hotspot" routers (which operate over WiMAX or CDMA networks) and wireless modules that are generally sold to original equipment manufacturers (OEMs). Our company's primary customers are wireless carriers who seek innovative, reliable and cost effective technology solutions for their subscribers. Our customer base extends from the United States to South America and the Caribbean.
Franklin Wireless is headquartered in San Diego, California and has a majority ownership position in Franklin Technology Inc. (FTI), a research and development facility located in Seoul, South Korea. FTI provides design, development and manufacturing services to Franklin for its wireless data products. For additional information, please visit www.franklinwireless.com
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Neonode Inc. (NEON.OB)
STOCKHOLM--(Jan 4)-- Neonode Inc. (NEON.OB), the Optical Touchscreen Technology Company, today announced that it entered into a multi-year technology license agreement with a global consumer electronics company to incorporate Neonode's touch screen solution into its family of products. Neonode's patented touch screen technology, zForce, supports high resolution pen writing in combination with finger navigation including gestures, multi-touch, sweeps and much more. zForce uses no overlay (like resistive and capacitive touch screens) on top of the display thus creating a 100% clear window, free from reflection and parallax effects and produces a true clear viewing experience.
"We're very pleased that another global consumer electronics company has chosen our touch screen solution, zForce. Our low cost zForce touch screen with fast and accurate full finger support in combination with high resolution pen support and low power consumption has proven to be a winner," said Thomas Eriksson, CEO of Neonode Technologies AB. "We have listened to what the market wants and zForce delivers a superior level of user touch experience that is extremely cost effective. As a result, we are experiencing a very strong interest from companies who produce a wide array of hand held consumer and industrial products," continued Mr. Eriksson.
Neonode offers touch solutions for portable devices that are many times more cost effective than any other high performance touch solutions in the market today. zForce incorporates all the functionality and performance features of traditional touch solutions like resistive and capacitive. zForce supports high resolution pen input, multi-finger touch, gestures like zooming combined with superior picture quality. zForce is currently integrated in or being integrated into products such as mobile phones, e Readers, mobile internet devices and tablet PC's.
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Trans-Pacific Aerospace Company Inc. (OTCBB:TPAC)
SAN MARINO, Calif.--(Jan 4)-- Trans-Pacific Aerospace Company, Inc. (OTCBB:TPAC) announced today that Zacks Equity Research has released a comprehensive report that fully summarizes the company's activities and near-term market prospects in China.
"Trans-Pacific Aerospace Company intends to monetize its proprietary technology by manufacturing aerospace quality standard spherical bearings, rod ends and bushings (bearings) in China with its joint venture partners," notes Zacks.
According to the report, growth in China is two-fold: First, the number of planes in China is expected to jump from 1,256 today to 4,330 over the next 20 years. With 3,000 spherical bearings on each plane the market is substantial. Second, the offsets or obligations that original equipment manufacturers (OEMs) such as Boeing and Airbus owe China are approximately $16 billion. There are currently no manufacturers of spherical bearings in China.
"We feel the stock will outperform as Trans-Pacific Aerospace hits its testing and performance goals and enjoys a monopolistic hold in a growth industry," said Zacks.
Having successfully completed wear tests in California and surpassing minimum qualification requirements imposed under the qualification specification SAE-AS81820, the Trans-Pacific Aerospace engineering and quality control team will depart for China in January 2011, with production for qualification of the Guangzhou China facility commencing immediately thereafter. Qualification test parts will be submitted to Independent Testing Laboratories for first-pass testing in February, and to the U.S. Navy in mid-March. The company expects qualification approval from the Navy on or about May 1, 2011.
The full research report can be printed and downloaded at
http://www.docstoc.com/docs/68277116/Trans-Pacific-Aerospace-Company-Report or by emailing scr@zacks.com with the ticker TPAC in the subject line
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Vicor Technologies Inc. (OTCBB: VCRT)
BOCA RATON, FL -- 01/04/11 -- Vicor Technologies, Inc. (OTCBB: VCRT) today announced that David H. Fater, its President, Chief Executive Officer, and Chairman, will be presenting at the Sidoti & Company Semiannual New York Micro-Cap Conference on January 10, 2011 at the Grand Hyatt New York hotel in New York, NY. Mr. Fater will describe Vicor's technology, product commercialization status, and future strategy at 9:20am EST in Estate 5. Vicor Technologies, Inc. is a biotechnology company focused on the development of innovative, non-invasive medical devices using its patented, proprietary PD2i(r) nonlinear algorithm and software. Vicor is currently in the process of commercializing diagnostics that enable physicians to accurately risk stratify specific target populations for future pathological events, including cardiovascular disease patients for death resulting from arrhythmia or pump failure, diabetics for the presence of diabetic autonomic neuropathy (DAN), and trauma victims for imminent death absent immediate lifesaving intervention.
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