POTOMAC, Md., March 18, 2004 (PRIMEZONE) -- Airbee Wireless Inc. (Pink Sheets:ABEW), innovators of intelligent embedded software stacks for wireless communications, has received further endorsement of its market potential and business model, according to recently published market research reports from On World and West Technology Research Solutions.
According to the reports, Airbee's IEEE 802.15.4 compliant ZigBee protocol stacks, software tools, target integration support and design services offer a comprehensive and compelling value proposition for OEMs, VARs and integrators to rapidly market ZigBee/IEEE 802.15.4 compliant wireless solutions. The reports also affirm the value of Airbee's training and interoperability services, which enhance the appeal of Airbee Wireless as an enabler of creative support services and total solutions provider.
"We view these research reports as validation of our business model and marketing strategy," said Raj Sundaresan, Airbee CEO. "The reports suggest additional vertical business areas in which our company's products can be deployed and predict that demand in the short range, low data rate wireless space will surpass that of the current WiFi market, which has recently created tremendous industry buzz. They give us confidence that, as the standards mature, we will achieve our long-term goals."
Airbee is currently developing software stacks that are designed to fully comply with the IEEE 802.15.4 standard and the emerging ZigBee standard under development by the ZigBee Alliance. The company recently has applied for membership in the Alliance, allowing Airbee easier and timelier access to the emerging standard.
The full reports may be obtained by visiting On World and West Technology Research Solutions online at www.onworld.com and www.westtechresearch.com respectively.
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.