RF Monolithics, Inc. Announces Multimillion-Dollar Order for Virtual Wire Transceiver
RFM President and CEO, David M. Kirk, commented, "RFM's miniature Transceiver was developed to address the need for reliable short-range, two-way data communications. We have felt for some time that this is an emerging market and we were confident that a high volume initial order was eminent from any one of several applications. This application is a consumer sports product by FitSense Technology, Inc. of Wellesley, MA which, via an RF Datalink, tracks your pace, distance, calorie burn and heart rate as you run or walk and displays the data, with 98% accuracy, on a light-weight wrist watch. The information can then be uploaded via the RF Datalink to your computer and the Internet." Mr. Kirk further commented, "We are extremely pleased our Transceiver was selected as the best solution for this product. And we are confident that the Transceiver's size, low-power consumption, and reliability will make it the choice for many other two-way data communications applications."
Tom Blackadar, CEO of FitSense, stated, "Using RFM Transceivers, we have developed a wireless BodyNet to track athletic performance information and vital signs on-line. These miniature bio-sensors and wireless data links have been used to track climbers on Mt. Everest, runners in the Boston Marathon, and Olympic gold medal sprinter Michael Johnson in competition. FitSense believes that we are on the verge of an explosion of wireless products that link to the Internet."
RFM, headquartered in Dallas, Texas, is a leading developer and manufacturer of a broad range of radio frequency components and modules based on surface acoustic wave technology for the wireless communications, computer, consumer, automotive, and industrial markets worldwide.
This news release contains forward-looking statements that involve risks and uncertainties; these statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Act of 1995. These risk and uncertainties include, but are not limited to, timely implementation of manufacturing processes and transition to offshore manufacturing, difficulty in obtaining production material and labor, the impact of competitive products and pricing, general economic conditions as they affect the Company's customer, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K. The Company does not assume the obligation to update any forward-looking statements contained in this release.