POTOMAC, Md., March 25, 2004 (PRIMEZONE) -- Airbee Wireless Inc., (Pink Sheets:ABEW), today announced that it has received a letter of intent from Manmar Technologies, Ltd. of Chennai, India, to incorporate Airbee's wireless connectivity software into Manmar's imaging and diagnostic information capture and management systems. As part of the agreement, Manmar may purchase licenses for Airbee's proprietary UltraLite(tm) software series, which supports peer-to-peer, mesh, and star topologies.
"Manmar is attracted to the Airbee UltraLite(tm) because of its ability to reliably and cost-effectively address multi-modality integration in the information management systems we build for medical institutions around the world," said R. Balasubramanian, CEO of Manmar. "We are eager to deploy a team of engineers to collaborate with Airbee for the purpose of embedding its connectivity software into our product line."
The parties anticipate that after the appropriate technical interchange, a memorandum of understanding and a statement of work will be drafted, resulting in a business proposal and appropriate licenses issued.
"With Airbee inside Manmar's world-class imaging and diagnostic products, our mutual goal is to create technologically empowered medical personnel and reduce operating costs. The innovative vision of Manmar to work with Airbee reaffirms the vast market potential for unwired solutions in medical imaging and diagnostic information management - as well as Airbee's role in that market," added Airbee CEO Raj Sundaresan.
About Airbee Wireless
Airbee Wireless, founded in 2002, is an innovator of patent-pending intelligent connectivity software for wireless communications. Its product portfolio enables consumer and business devices to wirelessly connect to each other over short distances. This means that Airbee is a developer of software licensed to manufacturers of microprocessors used in an increasing number of wireless communications applications. Airbee's competitive edge is attributed to utilizing a software approach vs. a hardware approach - enabling it to provide lower cost, greater flexibility and shorter time to market for its customers. To learn more about getting unwired with Airbee, please visit its Website at www.airbeewireless.com.
About Manmar Technologies
Manmar Technologies is a health care information technology company based in Chennai, India. A pioneer in developing clinical information systems and structured reporting software for ultrasound, cardiology, radiology, laboratory and other diagnostic support systems, Manmar has more than 1,600 systems installed in 7 countries. It specializes in building state-of-the-art clinical pathways to enhance knowledge management, enterprise clinical information management and productivity tools. For further information, the company can be contacted at Manmar Technologies Ltd., 92 Dr. Natesan Road, Mylapore, Chennai 600 004, India, by telephone on (91-44) 2466277, or via the Manmar Website at www.manmartech.com.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Airbee Wireless, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and/or changes in our business strategies.