ICBM - ADNST Communications Ltd., and its partner ICBS announces the development of prototype for the Kingdom of Saudi Arabia
NEW YORK, NY and MONTREAL, QC, March 27 /PRNewswire-FirstCall/ - ICBS Limited (ICBS) (Pink Sheets ICBM) a business development and management firm located in New York and Montreal, announced today that it has received confirmation from the Saudi Arabian Mining Company for its noise elimination technology.
In a letter dated February 5, 2007 from the Saudi Arabian Mining Company a Saudi government owned joint stock corporation, expressed their extreme interest in the 'noise Elimination' technology developed and patented by ADNST Communications.
The letter signed by Ayman A. Salamah, Director of Safety for the Saudi Mining Company, stated that they are extremely interested in ADNST's development of a prototype for their mining industry.
The letter further stated that upon the successful completion and testing of ADNST's prototype, the Saudi Mining Company would issue ADNST a 'Letter of Commitment' for the application of ADNST's Noise Elimination technology.
'This is a major step forward for ADNST and ICBS' said Garth McIntosh, President and CEO of ICBS, 'We are just beginning to see the first of many potential applications for the noise elimination technology developed by ADNST'.
McIntosh further stated that, 'This prototype could lead to the company's objective of global sales of millions of dollars'. The company is expecting to license its technology to the various industries which it estimates could represent sales in excess of $338 million dollars within the first 5 years.
'Mr. McIntosh continued to state that every high risk industry that depends on communications as a life line is a potential customer, as it is my belief that this type of technology is literally a life saving and safety requirement.'
About ADNST Communications:
ADNST (Advanced Digital Noise Suppression Technology) is a technology innovation and development company that eliminates both background noise and voice echo from communication systems to enhance the quality of voice signals in noisy environments. As a result, the clarity of the conversation is significantly improved.
With thorough understanding of the challenges involved in background noise removal and technology expertise, our endeavor is to deliver state-of-the-art solutions that go beyond existing standards.
ADNST's highly sophisticated system for background noise elimination combines a noise reduction algorithm along with an echo cancellation algorithm running on a DSP device. It can be integrated in any communication product to solve voice quality and performance degradation issues, regardless of hardware, audio interface, operating system or speech recognition applications. Furthermore, with stability that has been proven even in closed-environments, our noise canceller can be an ideal choice for the industries to promote work safety where the level of noise is detrimental and speech accuracy essential.
ADNST is a high-tech company applying its intellectual property toward developing scientifically superior products for the world of digital signal processing.
You can visit them at; www.adnstcom.com
About ICBS Limited.
ICBS Limited is an investment and business development company that currently owns positions or Joint Ventures in the following companies;
49% ownership ADNST Communications Ltd.
www.adnstcom.com
100%, ownership position in Ramapo Valley Brewery Ltd., www.rvbrewery.com
40%, ownership of DNA Distribution Inc. www.dnagojiplus.com
50%, ownership, of Northern Lights Airlines Ltd.
75% Ownership of Canadian Bio Med Systems Inc. www.canadianbiomed.com
You can visit ICBS at; www.icbs.ca
NB. This news release includes statements that constitute forward-looking statements. Please be aware that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.
SOURCE Inter Canadian Business Service
Source: PR Newswire (March 27, 2007 - 9:27 AM EDT)
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