Replies to post #11352 on Rim Semiconductor Company (fka RSMI)

[halston]

My understanding is that NVEI does not get to keep it for themselves. I do believe the patents are shared by adaptive. What percentage I don't know, wheather or not it will pay off for the AVERAGE shareholder remains to be seen.


SAN DIEGO - April 22, 2002 - New Visual Corporation (OTCBB:NVEI), a company developing proprietary broadband transmission technology to utilize existing copper telecommunications infrastructure to deliver video, voice and data at unprecedented speeds and distances, today announced that it has entered into a Development and License Agreement and formalized a long-term collaborative alliance with Adaptive Networks, Inc. of Newton, Massachusetts. The Agreement grants New Visual a worldwide, perpetual and exclusive license to Adaptive's PowerStream(TM) technology, intellectual property, and patent portfolio for use in products relating to all applications in the field of the copper telephone wire telecommunications network. The Agreement also formalizes Adaptive's engagement for development work to build the carrier-trial prototype of New Visual's high-speed communications technology, slated for completion late this summer.

January 23, 2002

New Visual Corp. and Adaptive Networks Announce Progress on High-Speed Transmission Technology Development

SAN DIEGO - Jan. 23, 2002 - New Visual Corp. (OTCBB:NVEI) and Adaptive Networks Inc. today announced progress on the high-speed transmission technology that they have been working on for the last several months.
New Visual is developing advanced communications technology for use over telephone lines that will allow for the delivery of true broadband services, such as video, at greater speeds and distances than currently available. Adaptive Networks, a leader in powerline communications, is providing technology development services for New Visual. The availability of Adaptive's patented technology has enabled New Visual to make significant progress on its technology development efforts over the last few months. The company had previously announced that it is working to develop a next-generation prototype to be verified in the field.