LOS ANGELES, Sept. 22, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that it will begin to market a completely portable, auto-positioning satellite antenna system designed to impact the mass consumer market.
The MB Tech system will consist of a standalone antenna solution for existing subscribers of Direct Broadcast Satellite (DBS) services, and as a bundled solution where MB Tech will supply the antenna and the receiver.
MB Tech expects to choose select resellers throughout North America to represent the product. Initial retail cost projections for the antenna are under $200, with a complete system, antenna and receiver, below $300.
Hanwook Bae, President of MB Tech stated, "Our new proprietary flat antenna system is designed to cater to the needs of the satellite entertainment user, regardless of where they may be. The small form factor antenna provides mobility, ease of use, and exposure to multiple vertical markets including apartments, condos, boats, RV's, SUV's and Limousines."
Current products marketed by competitors such as KVH Industries (NASDAQ:KVHI) are larger, much more expensive, high-end products that are not portable and out of reach in terms of price to the mass market.
Bae added, "This solution, in the context of the market, is something previously unavailable to consumers at any price. Our ability to manufacture and deliver these products, which are priced significantly below our competition, should revolutionize the industry in North America."
Based on currently engineered technology, the Company will complete development of deliverable in-motion models for buses, trains, boats, motor homes and automobiles within the year.
MB Tech previously announced completion of the development of the antenna and licensing of the patent to protect its portable antenna system. The licensed patent #6,512,490, applies specifically to a portable satellite antenna mechanism capable of implementing an accurate horizontal and vertical directional position to attain a satellite signal automatically.
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of satellite components.
The primary product MB Tech produces is ``LNB'' Low-Noise Blockdown converters, which are the essential element enabling DBS satellites to receive and convert satellite transmission signals. MB Tech currently serves the satellite television market, and is expanding to serve the satellite radio and military hardware sectors. MB Tech manufactures several proprietary LNB solutions that differentiate it from competitors. MB Tech's product line includes a dual-horn LNB which allows multiple set-top boxes to be connected to a single satellite dish, enabling viewing of multiple channels simultaneously on different television monitors, and a tri-horn LNB, which provides the ability to download signals from multiple satellites over a single dish.
For more information and to see an animated presentation of the flat antenna, refer to the company's website at: http://www.mbtech.us.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the Company(s) may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.