LeoNovus Announces Deployment of Next Generation Products in Stratford
Initial Launch City for Dark Core™ Technologies
SUNNYVALE, Calif., Nov. 29, 2012 /CNW/ - LeoNovus Inc. ("LeoNovus" or the "Company") (TSX-V: LTV) a leading developer of a browser-based Internet platform with a cloud service is pleased to announce that Stratford, Ontario is the launch city for its next generation "Dark Core™" technologies. This break-through technology is able to leverage idle processors in multi-core connected devices such as the set top box/gateway system in the home for on-demand computing resources for applications and services including cloud computing."
"We are extremely pleased to continue our partnership with Stratford in rolling out new technologies", said Gordon Campbell, CEO of LeoNovus. Mayor Dan Mathieson and his team have been great pioneers of innovation as evidenced by the Mayor's recent award of the prestigious Queen Elizabeth II Diamond Jubilee Medal for his contributions in the field of high technology in Canada. We congratulate him on this well deserved award."
Rhyzome Networks is the city-owned infrastructure company behind Stratford's high-speed fibre-optic and Wi-Fi Network. The fibre optic grid is foundational as a data infrastructure for local industry and institutions, including the wireless initiative that has broad connectivity to Stratford residents and business. "I believe our city is unique in embracing innovation and has created an environment for proving technologies as part of a commitment to the digital economy," said Mayor Dan Mathieson. "Companies can leverage our infrastructure for the launch of innovative products, which strengthens Stratford as a digital technology centre and an internationally recognized intelligent community. We look forward to working with LeoNovus for the launch of their break through technology."
LeoNovus has begun the deployment of new technology this week. Set top box systems will continue to support the previously announced LeoNovus browser based TV application, however these devices can also function as the home gateway. The combination of the WISE Network and dark core technologies can leverage unused processor compute cycles available in the device to lower costs, increase network performance while providing new cloud-based revenue streams.
About LeoNovus Inc. (www.LeoNovus.com)
LeoNovus is the leading developer of a high performance browser-based Internet platform with a managed system approach that will provide HDTVs and other consumer electronic devices with access to all the features, content, and functionality available on the Web without the malware, security and support issues of a PC. LeoNovus seeks to change the way high-value Internet content is organized, monetized, and delivered on HDTVs. LeoNovus is launching its next generation break-through dark core technology that leverages unused idle processors for purposes of building SMART Networks to reduce costs, increase performance and deliver additional revenue streams.
LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009. Further information about LeoNovus can be found in its filings with Canadian securities regulators, which filings are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus' growth, the state of the financial markets, regulatory risks and other factors. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of, and the intended use of proceeds of, the Offering. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.
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SOURCE: LeoNovus Inc.For further information:
Gordon Campbell, Chief Executive Officer, +1-408-541-9400, or Fax, +1-408-541-9410, IR@LeoNovus.com