Moderated By: JAMES F. CLASPILL III -- (Not Moderated) -- Started: 3/3/1997 10:36:00 PM Revision History
NORRIS COMMUNICATIONS SIGNS
MULTIMILLION DOLLAR
OEM CONTRACT WITH LANIER WORLDWIDE
SAN DIEGO, Calif., Jan. 10, 1997---Norris Communications
Inc. (NASDAQ: NCII) today announced that Lanier Worldwide,
Inc. has signed a multimillion dollar OEM contract with Norris
Communications. Under the terms of the agreement, Lanier will
fund the development by Norris of an exclusive suite of Lanier
products based on advancement of the Micro OS operating
system and other patented Norris Communications digital
recording technology and the use of flash memory.
"These products are just the first of multiple products to be
developed under the agreement," said Fred Falk, President of
Norris Communications. "This is the beginning of a long term
relationship with Lanier."
"Norris Communications has made an extensive commitment to
OEM as well as branded Norris product to provide a solid
financial footing for the company," said Falk. "First with the Sanyo
agreement and now with Lanier, we are quickly establishing
ourselves as the technology leader in the digital voice recording
industry."
Norris Communications Inc. is a Delaware based corporation. It trades
on the NASDAQ (small cap) stock market under the symbol NCII. Norris
markets branded products worldwide through distributors, resellers,
value added resellers, government resellers, catalogs and chain stores.
The OEM division markets the Norris MicroOS imbedded systems
software operating system, Multichip modules, private label products
and custom-designed products to computer, dictation systems, computer
peripheral and telecommunications companies worldwide. The company
has patented the Flashback Digital Voice Recorder, sound recording
techniques and features, which position it as the world leader in digital
flash memory audio recording. The company operates out of its world
headquarters in Poway, California (San Diego) and through Norris
Communications Ltd. in the UK.
# # #
This press release contains forward-looking statements relating to future
sales and their impact on future results and the future viability of the
Lanier/Norris Communications relationship. Actual results could differ
materially from those projected in the forward looking statements as a
result of risk factors such as future products and results, short product
lives, customer delays in purchasing old products when new products are
announced by the Company or others, technological shifts, potential
technical difficulties that could delay new products, competition, pricing
pressures, and the uncertainty of market acceptance of new products by
distributors and end-user customers. |
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