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Phone-Or,
Mitsubishi, and Kenwood Sign Three-Way Agreement
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Triangle
Technologies Mediates the Agreement
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Triangle
Technologies announced today that Phone-Or signed a three-way
agreement with Mitsubishi Corporation and Kenwood. The three
parties will work together to adapt and introduce Phone-Or's,
optical sensors, into the Japanese market. Mitsubishi will
develop sales and distribution channels to companies such
as car and cellular phone manufacturers that will benefit
from Phone Or's technology. Kenwood will be responsible for
adapting Phone-Or's technology to Japanese products and market.
This agreement may lead to several tens of millions of dollars
in sales over time. Triangle Technologies assisted in the
negotiation of the agreement |
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Phone-Or
specializes in optical sensors which are based on the detection
of changes in light. In the case of microphone applications
the sensors translate sound into movements of light, thus
detecting sound with exceptional fidelity. Phone-Or's BNS
(Background Noise Suppression) microphone systems also have
superb acoustical noise cancellation, unbeatable directionality
and can be integrated into diverse applications ranging from
Hands-Free Car Kits (HKF) to speech recognition applications,
cellular telephones to various Telematics applications. Phone-Or's
fiber-optic microphones ensure optimal performance in studio/stage
microphones and security/military applications, as well as
medical equipment. |
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Phone-Or's
CEO, Oded Turbahn commented, "We see Japan as a strategic
market since Japan is a world centre for component design
and implementation. Our new partners in Japan are major
players in the relevant markets and will enable us to reach
new markets and customers."
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In April
1995, Phone-Or began applying its fiber-optic technology
to various acoustical applications, such as microphones
and background noise suppression systems. The company's
patented, field-tested technology is based on a novel approach
for measuring the intensity of light that is scattered by
a microphone membrane.
Today,
Phone-Or works with a number of international strategic
partners to develop technologies that meet the specific
needs of their primary markets, including microphone and
sensor applications in the telephony, automotive, electronics,
defense, security, and audio industries.
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About
Phone-Or
A provider of revolutionary sound solutions from light technology,
Phone-Or designs, manufactures and markets integrated sound
input system solutions for a wide range of applications such
as Telematics for automotive (hand-free car kits, car navigation,
infotainment), cellular communication, call centers and harsh
environment communication (e.g. car racing, aviation, military).
Phone-Or's revolutionary optical acoustic sensor technology
and Background Noise Suppression (BNS) solution, brings new
dimensions to telecommunication industry. Providing accurate
sound reproduction, unparalleled directionality and noise
canceling capability, thus enhancing the capability of voice
activation system solutions.
More information can be found online at http://www.phone-or.com
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About Triangle Technologies
Triangle Technologies forms technology oriented alliances
between Israeli and Japanese companies. Triangle Technologies
has three major areas of activity strategic alliance formation;
private placement; and venture creation. With more than 100
years cumulative experience in Japanese, Israeli, and international
marketplaces, Triangle Technologies' executives work with
Israel's technology leaders and Japan's leading manufacturers,
Internet and e-commerce players, trading companies, venture
capital funds, and other financial institutions. Triangle
Technologies has signed over 50 Japanese-Israeli deals, and
has been instrumental in creating new ventures, most recently
in the Internet and e-Commerce area.
More information is available at http://www.triangletech.com
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About
Mitsubishi
Generally classified as a general trading company, Mitsubishi
Corporation is engaged in a broad range of business including
the information industry, fuels, metals, machinery, chemicals,
food products, textiles, and materials. Mitsubishi Corporation
work closely with clients to develop new business through
project coordination, sourcing of raw materials, capital investments,
development of sales channels, etc. Based in Tokyo, company's
more than 12,000 professionals serve clients through global
network. Mitsubishi Coporation is constantly on the lookout
for new sources of growth and revenue, applying its traditional
strengths in promising new fields such as information, financial
services, and logistics, and retailing.
More information is available at http://www.mitsubishi.co.jp/En.
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