Statmon Technologies & Cascadiant Form Strategic Alliance to Expand Remote Site Monitoring & Control Business Throughout Asia
Tuesday, April 13, 2010, 3:58pm EDT
LAS VEGAS--(BUSINESS WIRE)--Statmon Technologies Corp (OTC:STCA - News) & Cascadiant Inc., today announced a multi-year strategic partnership designed to rapidly expand Statmon’s sales and service capabilities to broadcast infrastructure operators and telecom carriers throughout Asia. Through this agreement, Cascadiant becomes a leading provider of Statmon’s innovative AXESS™ and ROVING™ remote control and monitoring platform throughout its Asia network of sales and service offices.
According to Geoffrey Talbot, Chairman and Chief Executive Officer of Statmon Technologies Corp, "Asian operators will benefit greatly from the combination of Statmon’s advanced suite of applications and Cascadiant’s significant presence in Asia.”
Statmon launched in the domestic wireless telecom sector with the national mobile TV remote control and monitoring deployments at FLO TV, a QUALCOMM subsidiary for AT&T, Verizon and direct FLO TV mobile subscribers. Statmon is also working with a selection of CDMA wireless carriers for BMS and remote site monitoring and control solutions. Statmon’s proven monitoring and control platform is arguably the gold standard amongst the world’s leading broadcasters including; NBC, CBS, ABC, Cox, Univision, Turner, Tribune, Hearst Argyle, Empire State and many others.
Cascadiant President and Chief Executive Officer, Marshall Towe stated, "We are thrilled to join forces with Statmon. This agreement represents a great opportunity for Cascadiant to offer customers the latest in remote control and monitoring technology from a world class company.” He continued by saying, "Cascadiant is rapidly expanding its product suite to meet the challenges of Asian operators as they continue to lead the world in both subscriber growth and deployment of the most advanced technology available.”
Cascadiant will immediately begin to market Statmon’s full software suite of products and will also begin providing Asia-based services before then end of the year.
About Cascadiant
Cascadiant is a venture backed technology solutions company with offices throughout Asia and in Portland, Oregon and Chicago, Illinois in the USA. The firm strives to partner with the ‘best in the breed’ technology companies to deliver value added, integrated solutions and hosted services in an environmentally conscious way. The Cascadiant portfolio targets broadcast, wireless, and broadband carriers offering full solutions integration of advanced software and hardware products.
For more information on Cascadiant contact Alex Karras at alex.karras@cascadiant.com.
About Statmon Technologies Corp.
Statmon Technologies Corp. is a broadcast, telecom and wireless network infrastructure technology management and solution provider. Our proprietary control and monitoring software platform, AXESS®, and supporting integration products are deployed by both traditional and nontraditional broadcasters, mobile TV for telecom and cellular wireless service providers to optimize network performance and improve overall efficiency within their network infrastructures. The Company is headquartered in Bannockburn, IL, a Chicago northern suburb, and its shares are traded in the OTC Bulletin Board under the symbol “OTC:STCA.”
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company's control. Therefore, actual results could be differ materially from the forward-looking statements contained in this press release. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs. Such factors include, but are not limited to, its ability to increase revenues and achieve profits and positive cash flow in fiscal 2009; its ability to maintain or expand distribution within existing and new channels of trade for its products; its dependence on MediaFLO for a substantial portion of its revenues; its ability to complete the placement of its offering of Series A Secured Convertible Debentures; its need for additional capital and the uncertainty of obtaining it; the market acceptance for one or more of its new or existing products; whether it will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to track and retain costumers and quality employees; the effect of changes economic conditions; and changes in government regulations, tax rates and similar matters; its ability to refinance or renegotiate promissory notes that have come due or are coming due; the wide fluctuations in its quarterly operating results; its failure to successfully implement new market verticals; and its ability to keep pace with rapidly changing technologies. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes," "expects," "anticipates," "intends," "estimates," "plans," "projects," "should" or other expressions that are predictions of or indicate future events or trends to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as result of new information, future events or otherwise. For a more detailed description of these and other cautionary factors that may affect the Company's future results, please refer to its Report on Form 10-KSB for its fiscal year ended March 31, 2008 and its Form 10-Q for the three months ended June 30, 2008, filed with the Securities and Exchange Commission.
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