Readen Holding Corp. (PINKSHEETS: RHCO) Announced the Signing of a Letter of Intent for the Most Revolutionary Acquisition Since the Company's Existence
The uplex(R), a revolution in chip design With this acquisition the company steps into a 300 billion dollar industry and growing
(firmenpresse) - HILVERSUM, NETHERLANDS -- (Marketwire) -- 06/13/12 -- READEN HOLDING CORP. (PINKSHEETS: RHCO) -
In the process of becoming a major participant in the telecom industry the company signed a preliminary acquisition contract for the purchase of 81% of the shares of ASYANS a research, development company and patent holder of the uplex® concept.
ASYANS Holds patents and patents pending of the uplex®, a new chip design platform invention developed in house by their Team of R&D and technology engineers working hand in hand with prestige's technical institutes like:
TNO - DUTCH ORGANISATION FOR Scientific Research,
TU/E - Eindhoven University of Technology,
Sioux - Group of 300 multidisciplinary engineers,
Neways - Electronics International N.V.
The uplex® concept is multi programmable, maximized security, a high processing power(40-100Mips) and Memory (1GB up to 64GB) in one product.
The uplex® will be implemented in mobile Smartphone's, internet data, music & video storage, smartcard, credit and bank cards and will be used in a multitude of security card, medical card, driver's licenses, possible passports, ID cards including finger print, iris and face scan, several of world's largest companies in the industry have shown tremendous interest, prototypes have been approved and are waiting for the company to start the production.
The uplex® platform design, offers more innovations for the coming years where by "Moore's Law" will be postponed.
We envision that manufacturers will be adapting and gladly use the uplex® platform based upon a joint venture or license agreement several of world largest producers of the above mentioned products are anxious waiting for the first production.
The company forecasts that the first deliveries will be done around the second quarter of 2013 and shortly after the first licensing agreements will be signed.
A prudent forecast says that this will bring RHCO a 250 million dollar sales revenue in the second year of operations.
Readen Holding Corp. committed themselves to a 10 million dollar initial investment which will be realized via private placements from external investors and two potential customers.
A unique 3D Chip platform development, resulting in a Chip, named "uplex®, with all computing processing power and storage in one. The successful development, the first in its kind, concerns 3D integration and face to face stacking of a CPU (own design) and memories, seamless applicable and varying between 1MB - 64Gb and in next stage with even higher storage capacities up to 384Gb, all in one chip! We are the first to make direct communication possible between the two products, (CPU and Memory).
Ronald Steenbergen, Readen Holding Corp., Chairman quote
We have been working for the last 10 months to realize this acquisition and the financial commitment, we strongly believe that it is hard to estimate the size of this potential product. Our only focus is to start production as soon as possible and make the right decisions of how to license the product so that the Asyans engineers can go on with the development of the uplex® generations to come. The company has planned for their own Brand D5 Mobile to develop a complete product line using the uplex® platform.
Readen Group's mission statement is to be a valuable partner for customers in terms of technical flexibility, quality and competitive pricing through the complete value chain (SIM cards, mobile phones and applications).
This press release may contain forward-looking statements, including, but not limited to, statements regarding Readen Holding Corporation and its plans, products and related market potential. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential" or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Readen Holding Corporation's postings on the OTC Markets Disclosure & News Service and future filings with the Securities and Exchange Commission, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. Readen Holding Corporation undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.
Contacts:
Readen Holding Corp.
Ronald Steenbergen
+31 3562 99970
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Datum: 13.06.2012 - 07:00 Uhr
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