TechnoConcepts (OTC: TCPS.OB) announced that it has signed confidentiality agreements with three companies in China interested in adopting its proprietary True Software Radio ("TSR") technology for advanced communications product applications. TechnoConcepts' TSR technology allows different wireless protocols to communicate with each other.
Antonio Turgeon, CEO of TechnoConcepts, Inc. noted that as a result of the company's efforts in China, the company's technology is currently under consideration by several organizations, for use in both government and commercial applications. The applications under consideration involve base station equipment, set-top box and proprietary RF applications. Turgeon further stated "these are tremendous opportunities for TechnoConcepts' technology, and China is a major marketplace for wireless technology. The commercial applications represent significant, high-volume opportunities for TSR technology deployment."
China boasts the world's largest mobile phone market, with close to 350 million subscribers. China Mobile and China Unicom, the two largest service providers in China, currently support in excess of 320 million subscribers. Turgeon noted that China has not specified when it will issue licenses for 3G networks. There is speculation that it won't be until late 2005. In the meantime, there is intense competition between the different competing standards. TSR provides a means of convergence between these competing 3G standards.