LeoNovus and Leadtek Announce Strategic Alliance
(Marketwire Via Acquire Media NewsEdge) SUNNYVALE, CA -- (MARKET WIRE) -- 03/20/12 --
LeoNovus Inc. ("LeoNovus" or the "Company") (TSX VENTURE: LTV) is pleased to announce today that the Company has entered into a strategic alliance with Leadtek Research Inc. to create innovative Leadtek product offerings for the global market.
LeoNovus is the leading developer of a high performance industrial strength browser-based Internet software platform with a managed cloud system that provides consumer electronic devices access to all the features, content, and functionality available on the Internet without the viruses, malware and cost of a PC. The LeoNovus platform is flexible and can also enable additional vertical markets such as education, hospitality, and home automation, which are complimentary to Leadtek's hardware expertise and product offerings. Having the ability to leverage wireless connectivity and cloud support allows for easy adoption of follow on "hard" and "soft" applications and services that can be connected to an existing network using UPnP (Universal Plug and Play) standards. This managed cloud system provides "banking level" security including the ability to enable future features and functionality for recurring revenue over the life cycle of the device. Leadtek Research Inc., a Taiwanese company, is well known globally for its innovative visual graphics technologies and is backed by a highly qualified and experienced R&D team that is well known for integrating cutting edge technologies. In addition, Leadtek also works with top research bodies such as Computer and Communications Research Laboratories and Chunghwa Telecom Laboratories and maintains strategic alliances with chip vendors such as Intel, NVIDIA, and VIA. Leadtek maintains its leadership status in the Asia-Pacific market while extending its global sales network. These partnerships allow Leadtek immediate access to new technology and the ability to offer innovative products first to their customer base. Leadtek's knowledge in graphics, multimedia, motherboard and communications enable the company to offer multiple solutions supporting a large distribution channel of customers.
"I am very excited about this cooperation," said Gordon Campbell, CEO of LeoNovus. "Successful products thrive when fueled by solid technologies, innovation and customer scale. This partnership provides incredible scale, vast expertise in hardware and software innovation and a solid customer channel."
"We are ready for value-add services supported by cloud networking," said Leadtek CEO Lu Kun-Shan. "With over 20 years experience in visual computing and Remote Desktop technology, Leadtek can offer the best solutions. We will step forward to be a content, application and service provider, and are pleased to work with LeoNovus to enable this vision."
The LeoNovus software platform can be integrated into Leadtek's hardware systems to service customers in several vertical markets. The opportunity is to service existing customers that make up Leadtek's vast distribution channel as well as enabling new customers globally.
About Leadtek Research Inc. (www.leadtek.com)
Founded in 1986, Leadtek Research Inc. is headquartered in Taipei, Taiwan with overseas subsidiaries in China and Japan. There are four business units: Computer Multimedia, Wireless Communication, Audio/Video Communication and TeleCare. They are focused on, respectively, the design and manufacture of 3D graphics, PCTV solutions, GPS module and navigation devices, Bluetooth-enabled products, Multimedia and Audio/Video Communications and Biotechnology. Each unit provides integrated systems and total customer solutions that drive the company's revenue. Living up to its reputation for reliability, quality and performance based on unrelenting R&D, Leadtek continues to stir the market's imagination, turning new dreams into digital reality with ever more original hi-tech products forged in its laboratories of cutting edge technology. For more information, please visit www.leadtek.com
About LeoNovus Inc. (www.LeoNovus.com)
LeoNovus is the leading developer of a high performance browser-based Internet platform with a managed system approach that will provide HDTVs and other consumer electronic devices with access to all the features, content, and functionality available on the Web without the malware, security and support issues of a PC. LeoNovus seeks to change the way high-value Internet content is organized, monetized, and delivered on HDTVs, providing a true consumer electronics experience to the largest monitor in the house.
LeoNovus shares have traded on the TSX Venture Exchange since June 10, 2009. Further information about LeoNovus can be found in its filings with Canadian securities regulators, which filings are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information included in this press release is forward-looking and may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus's growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any statements of forward-looking information that speak only as of the date of this release. More detailed information about potential factors that could affect LeoNovus' financial and business results is included in public documents LeoNovus files from time to time with Canadian securities regulatory authorities and which are available at www.sedar.com.
All trademarks and brands mentioned in this release are the property of their respective owners.
For more information, please contact:
1196 Borregas Ave.
Sunnyvale, CA, 94089
T: (408) 541-9400
Chief Financial Officer
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