InPlay Technologies (NASDAQ: NPLA) has received a conditional purchase order for its dual-mode, digital pen-and-touch solution from a leading Japanese electronics manufacturer. InPlay�s technology has met a full range of rigorous testing and is designed into an updated line of rugged tablet PCs. The purchase order is contingent upon successful completion of pre-production qualification. �We feel that it is a strong validation of our technology and the benefits we bring to this market to be selected by a major Japanese OEM. Our digital pen and touch screen product is designed to deliver a high-quality user experience consistent with our customer�s stringent requirements for durability,� said Ramesh Ramchandani, president and COO, InPlay. Once final requirements are met, production is expected to begin in fourth quarter 2008. InPlay estimates that the project will generate approximately $1 million in revenue annually. InPlay offers the only digital communication pen technology on the market, bringing significant advantages over traditional analog products. With InPlay�s integrated digital pen and touch solutions, the system automatically recognizes pen or finger input, allowing the user to choose the most natural and effective input method. The system also incorporates palm rejection to avoid unintentional input, thereby creating a comfortable user experience. The active digital pen optimizes handwriting recognition and allows for added digital features, while the touch screen offers a quick intuitive interface for cursor selection and navigation. About InPlay Technologies InPlay Technologies is a developer of innovative human interface devices for electronic products. The company�s FinePoint division offers the only digital-based pen-input solution for the rapidly growing mobile computing market.�With InPlay�s digital technology, OEMs have�an almost limitless roadmap for development of new�features and functions for their product designs. The Company�s Duraswitch� brand of electronic switch technologies couples the friendly tactile feedback of mechanical pushbuttons and rotary dials with the highly reliable, thin profile of membrane switches, enabling OEMs to create ergonomic, space saving input panels for�a wide range of�applications. Visit www.inplaytechnologies.com for more information. This release contains certain �forward-looking statements� within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements regarding potential production and revenue. Risks and uncertainties that could cause results to differ materially from those projected include changes in requirements and production timing or loss of purchase orders, and other uncertainties described from time to time in our documents filed with the Securities and Exchange Commission, including our Annual Report on Form 10-KSB for the year ended December 31, 2007, as filed with the SEC on March 24, 2008. These forward-looking statements represent our beliefs as of the date of this release and we disclaim any intent or obligation to update these forward-looking statements.
Inplay Technologies (MM) (NASDAQ:NPLA)
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