2013-03-12 14:05:48 -
Empower Defense Systems Announces Completion of the First Purchase Order and Receipt of the Second Purchase Order from a Major Defense Contractor
Richmond, British Columbia CANADA, March 12, 2013 /FSC/ - Empower Technologies Corporation (EPT - TSX Venture)( www.empowertechnologies.com"Empower" or the "Company") is pleased to announce its wholly-owned subsidiary Empower Defense Systems Inc. ("EDS") has completed its first Purchase Order from a major Fortune 500 defense contractor. The Purchase Order required EDS to supply custom parts and to send technical personnel and engineers to the Customer's secured site in Central Canada to assemble a control console and to perform system integration. The Customer also provided most of the components and tools at EDS's personnel's disposal to do the assembly, system integration
and testing works. EDS's group of personnel performed this highly skilled, technical and precision work over a 4 week span from January 14 to February 15, 2013. This first PO was completed on time and on budget and to the satisfaction of the customer. As a result, EDS has generated revenue in the first two months of operation.
Furthermore, EDS has received the second Purchase Order from this major defense contractor to supply high precision manufactured engineering parts. There is no assurance that EDS will receive any more Purchase Order from this Fortune 500 defense contractor.
The EDS operations are located in St. John's, NL.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking information within the meaning of applicable securities laws. All statements included in this news release that are not historical facts are forward looking statements, including statements regarding management's plans for the Company's business and anticipated future performance of the Company. Such statements are based on management's current estimates, assumptions and projections using available information. These statements are not guarantees of the Company's future performance and are subject to risk uncertainties and other important factors, which could cause the Company's actual performance to be different from that projected. Factors that could cause actual results to differ materially from these forward- looking statements include those risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
About Empower Technologies(tm)
Founded in 2000, Empower Technologies (TSX.V: EPT) has transformed from an embedded technology company to a full-fledged innovative technology, products and services and manufacturing company. Empower Technologies as a group caters to security and surveillance, military, automotive and transportation, healthcare, industrial control and consumer electronics industries. Under the Empower Group, the Company has three operating divisions - Empower Embedded Engineering, Empower Imaging Laboratories and Empower Defense Systems. For more information, please visit www.empowertechnologies.com.
Empower's brands are "LEOs(r Linux-based embedded operating systems, "BullsEye", Real-Time Video Stabilizer, "PowerPlay(tm smart consumer electronics.
About Empower Defense Systems
Established in December 2012, Empower Defense Systems Inc., a wholly-owned subsidiary of Empower Technologies Corporation, is a full service defense contractor that provides system integration, design, development, engineering, installation, maintenance and manufacturing services. Through other divisions in the Empower Group - "Empower Embedded Engineering" and "Empower Imaging Labs", Empower Defense Systems can also provide full turnkey computer software, hardware and control electronics design and development and advance imaging technologies, products and services.
Empower Defense Systems target customers are large aerospace, marine, land base and homeland security defense suppliers/contractors, militaries and governments.
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Chairman, President and CEO
Empower Technologies Corporation
# 130-3751 Shell Road
Airport Executive Park
Richmond, BC, Canada V6X 2W2
Empower Technologies, LEOs, PowerPlay and BullsEye are the trademarks of Empower Technologies, Inc. All other brands are trademarks of their respective owners.
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Source: Empower Technologies Corporation (TSX-V: EPT) www.empowertechnologies.com
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