Hop-on Signs Contract With Teleepoch
April 10 2014 - 11:30AM
Marketwired
Hop-on Signs Contract With Teleepoch
Hop-on's Agreement With Microsoft Enables Chinese ODM
TEMECULA, CA--(Marketwired - Apr 10, 2014) - Hop-on, Inc.
(OTC Pink: HPNN) (PINKSHEETS: HPNN), a global electronics OEM,
announced today that Hop-on and Teleepoch, Ltd. have agreed to
terms regarding manufacturing, distribution, and intellectual
property royalties under Hop-on's agreement with Microsoft.
Teleepoch has agreed to an upfront fee in the six figure range.
Other contract terms between Hop-on and Teleepoch remain
confidential.
Hop-on is actively perusing ODMs and OEMs of smartphones,
tablets, televisions, set-top boxes, eReaders, portable navigation
devices, and the like that can benefit from Hop-on's license
agreements to essential patents for devices running the Android and
Chrome OS.
Teleepoch Ltd. is a pioneer in providing convergent solutions
and designs of CDMA, GSM, 3G, GPS and Mobile TV handsets, data
devices, as well as PDAs. Teleepoch's principal office is in
Shenzhen, China.
Peter Michaels, President of Hop-on stated, "Teleepoch, in
addition to their existing Qualcomm worldwide patent licenses, now
has access to the Android and Chrome OS in the United States and
throughout Europe. In such a litigious marketplace, where
unlicensed products are being stopped by customs and companies as
prolific as Motorola are receiving injunctions, Hop-on, as a
licensee of Microsoft's Android OS patent portfolio, is proud to
have entered into this contract with Teleepoch."
ABOUT HOP-ON,
INC.
Hop-on, Inc. is a global OEM manufacturer of portable electronic
devices, based in the United States. Over the past 20 years,
Hop-on has successfully secured essential patents for mobile
communications and computing technologies, and is respected for
developing the world's first disposable cell phone. Hop-on's focus
on smartphones and innovative mobile device applications is
bringing cost friendly solutions to today's demanding world market.
For more information, please visit www.hop-on.com
Safe Harbor
This press release contains forward looking statements pursuant
to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements include risks and
uncertainties that may cause the company's plans to change and are
in no way intended to guarantee that the company will be successful
in executing its plans. Hop-on, Inc. common stock currently
trades on the over-the-counter "Pink Sheets" under the symbol HPNN.
This press release in no way constitutes any recommendation
regarding the securities of HPNN or its affiliates. Any person
reading this press release is advised that this release should be
considered in the light of all facts and circumstances regarding
the business and financial condition and prospects of HPNN, and no
inference has been made that this release contains all such
information.
For additional information, please contact Peter Michaels (949)
756-9008 Email contact@hop-on.com
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