LEVEL Prepares to Produce Handsets for Telco Homologation
June 10 2009 - 9:00AM
Marketwired
LEVEL Vision Electronics Ltd. (PINKSHEETS: LVLV) announced today
that it will begin production of 1,000 units of its new Series of
entry level handsets for the purpose of Telco homologation.
LEVEL's production is due to commence in the coming weeks for a
series of newly designed entry level phones focused towards but not
limited to the emerging markets. These models have been announced
in a previous Press Release dated May 20th, 2009 and use ULC and
ULC-2 low cost solutions. The homologation units will be submitted
to established relationships as well as current new ones in
development and are targeted for Q4-2009 and 2010 release. The
homologation process is key to wireless handsets becoming "network
approved" by the Telcos and having the Telco distribute the
product.
The sample production run will go to regions in the Caribbean,
Mexico, Latin America, the Middle East and regions of Africa.
"Our new Series of entry level, low cost handset solutions are
targeted towards markets left virtually untouched by larger
companies. Those regions can represent sizeable orders and
translate into profits for a growing company, aiming to carve a
niche in markets that are in dire need of communication," said
Jean-Francois Lefebvre, Vice President of LEVEL Vision Electronics
Ltd.
About LEVEL Vision Electronics
LEVEL Vision Electronics is an ODM/OEM (designer and
manufacturer) of consumer electronics (mainly Wireless Handsets)
primarily concentrating on the world's emerging markets. Through
its Unique Business Model, LEVEL works hand-in-hand with the Telcos
to customize the products to their specific targeted market
requirements.
Our current 3D products can be found online at
www.levelelectronics.com and our upcoming related wireless handset
software products are currently under development.
Important Information About Forward-Looking Statements
All statements in this news release that are other than
statements of historical facts are forward-looking statements,
which contain our current expectations about our future results.
Forward-looking statements involve numerous risks and
uncertainties. We have attempted to identify any forward-looking
statements by using words such as "anticipates," "believes,"
"could," "expects," "intends," "may," "should" and other similar
expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give
no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause
those results to differ materially from those indicated in any
forward-looking statements made by us or on our behalf. Such
factors include our limited operating history; our need for
significant capital to finance internal growth as well as strategic
acquisitions; our ability to attract and retain key employees and
strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our
stock; competition from other providers of similar products and
services; and other unanticipated future events and conditions.
Contact: SPOKE-IR Spoke Investor Relations Services
lvlv@spoke-ir.com 1.647.351.7477 (SIRS) LEVEL Vision Electronics
Ltd. 1.877.301.5858 (LVLV)
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