POTOMAC, Md., Feb. 25, 2004 (PRIMEZONE) -- Airbee Wireless Inc., (Pink Sheets:ABEW), innovators of intelligent software for wireless communications, announced today that it has signed non-disclosure agreements with two European companies to work towards implementing its UltraLite(tm) Media Access Control ("MAC") software for medical and sensor-based applications.
Airbee's new agreement with Cambridge Consultants Ltd. of Cambridge, England, may lead to the wireless transfer of information between a variety of clinic and hospital devices, culminating in the integration of medical monitoring equipment with data repository and management systems. This ultimately will allow medical treatment personnel to continuously monitor the vital signs of all patients from central locations such as nursing stations, while streamlining their facilities' operations.
Airbee's agreement with New Leaf Consulting Ltd. of Limerick, Ireland, allows for the continued development of wirelessly-connected, sensor-based systems for the agriculture industry. The new systems may facilitate the wireless transmission of agricultural data, such as soil make-up and moisture content, directly from the farm and without the need for a human intermediary to interpret the data. If transmission of sensor-based data proves feasible, this work could lead to a multitude of sensor-based applications for the Airbee UltraLite(tm) MAC in a number of other industries.
"The MAC has been successfully demonstrated to both prospective clients for file and voice transfer functions, and with various hardware devices as inputs and outputs," said Raj Sundaresan, Airbee's CEO. "If our discussions are successful, these agreements will result in Airbee's first penetration into the European market, and will validate the accuracy of our business plan as to the MAC's agricultural and medical applications."
Airbee software enables consumer and business devices to connect to each other over short distances without using wires. The Company's overall platform facilitates both machine-to-machine and people-to-machine voice and data connections, typically ranging up to 900 feet for voice and 240 feet for data.
About Airbee Wireless
Airbee Wireless develops and licenses innovative, intelligent software for wireless communications. The technology is embedded on microchips for use in many applications and devices serving the consumer and business marketplace. The Company'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 the Company, please visit its website at: www.airbeewireless.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.