MONTREAL, June 17 /CNW Telbec/ - Sonomax Technologies Inc. (SHH:TSX Venture) is pleased to announce that it has signed a Term Sheet with Addvantech Limited. Under the terms of the agreement, the parties have agreed to work toward consummation of an R&D License Agreement by July 15, 2010. The object of the collaboration is the development of industrial and first responder push-to-talk communication applications centered around Sonomax V4 earpiece technology ("Sonomax Outside") and incorporating next generation "talk-through-the-ear" capabilities.
Addvantech is a corporation specialized in designing and manufacturing rechargeable battery packs, chargers, and two-way radio audio accessories.
Addvantech's global support structure is headquartered in Hong Kong, with operations in Taiwan, China, Europe, and the U.S. The company provides customers with a unique and diverse combination of skills and values. Addvantech possesses over 50 years of combined experience in the design, manufacturing, sourcing, and distribution of electronic products and accessories. The Addvantech advantage is the combination of this expertise with extensive Asian sourcing know-how to provide the optimum and total solution to its customers. The company's capabilities include traditional product development and manufacturing services, such as product testing and qualification, supplier audits and quality enhancements for added security and insurance.
About Sonomax Technologies Inc.
Sonomax (www.sonomax.com) is a leader in the research, development and licensing of in-ear technologies. With over 50 patents worldwide, Sonomax pioneering innovation includes instant custom-fitting earpieces that deliver the most comfortable, protective and sound-enhancing experience in the world, as well as software driven solutions for validating earpiece performance. The latest V4 Self-Fit(TM) System offers our OEM, ODM and aftermarket clients a broader range of opportunities in customized earpieces for the Consumer, Industrial, Military and medical markets.
This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Sonomax Technologies Inc. ("Sonomax"). Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Sonomax will derive therefrom. Forward-looking information is based on the estimates and opinions of Sonomax's management at the time the information is released and Sonomax does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Sonomax Technologies Inc.
For further information: For further information: Nick Laperle, President & CEO, Sonomax, T. 1-514-932-2674 Ext 2229, firstname.lastname@example.org