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For Immediate Release
Varatouch continues to gain momentum by licensing Korean Hankuk
Polytech Corporation, adds considerable scale and geography to its
distribution efforts
Hankuk Polytech has agreed to license Varatouch's patented Vsense
technology to develop, market, distribute and support human interface
devices for MP3's and remote control--new and expanded markets for
Varatouch.
El Dorado Hills, CA-July 18, 2005. The leading designer of innovative
analog input devices for consumer electronic products, Varatouch,
today announced its newest licensee will be Hankuk Polytech
Corporation, a Korean-based manufacturer of silicone keypads, poly
dome switches, flexible PCBs, membrane switches and other components
for the handheld consumer electronic industry.
Hankuk Polytech has agreed to license Varatouch's patented Vsense™
technology to develop, manufacture, market, distribute and support
human interface devices for the Media Player, MP3 player and advanced
remote control marketplace - a new and expanded market segment for
Varatouch.
"Varatouch's analog HID technology is enabling the convergence of many
advanced applications. The low-power consumption, design flexibility
and small form factor of this technology are exactly what our
customers have been asking for," says Jackie Choi, President of Hankuk
Polytech Corporation.
Via this license agreement, Varatouch will provide pre-validated
reference designs for analog joysticks, navigation discs, and
touchpads. Hankuk Polytech will market, manufacture and distribute
these analog interface technologies with the goal of replacing
ineffective digital input devices currently being offered today.
Hankuk Polytech has paid Varatouch an undisclosed "right-to-market"
fee of hundreds of thousands of dollars and will pay Varatouch a
royalty for every unit sold to OEMs/ODMs.
"Hankuk Polytech has a stellar reputation in the Asian components
industry," says Craig Vachon, CEO of Varatouch. "Their strong
relationships with Asian OEMs, innovative approach and Chinese
manufacturing facilities give them a strong edge in the marketplace.
It is relationships like these that will continue to allow Varatouch
to scale successfully within current markets and expand into new ones."
About Varatouch
Varatouch is an intellectual property company dedicated to the design
of innovative analog input devices. Varatouch's patented Vsense™
technology enables our partners to exclusively develop, market and
manufacture low cost, simple and reliable human interface solutions
for consumer electronic products. Working with our distribution and
manufacturing partners, including ITT/Cannon, Mitsubishi and Shin Etsu
Polymer, and now Hankuk, we together make it a better experience for
consumers to interface with technology in everyday life. Varatouch is
headquartered in El Dorado Hills, CA
About Hankuk Polytech Corporation
Hankuk Polytech, established in 1997, is based in Seoul Korea and has
manufacturing facilities in Guang Dong, China. In 2004, Hankuk
Polytech sold more than $120 million in silicone keypads and dome
switches to the consumer electronic marketplace.
Safe Harbor Statement
The statements contained herein which are not historical facts are
considered forward-looking statements under federal securities laws.
Such forward-looking statements are based on the beliefs of our
management as well as assumptions made by and information currently
available to them. Varatouch has no obligation to update such
forward-looking statements. Actual results may vary significantly from
these forward-looking statements based on a variety of risk factors.
These important risk factors are described in Varatouch's website -
Safe Harbor Statement. |