CounterPath Solutions, Inc. (OTCBB: CTPS), a leading provider of VoIP (Voice over IP) and Video over IP SIP softphones, and Hana Micron, a manufacturer of USB storage devices and MP3 players, today announced that the companies have entered into co-marketing and reseller agreements.
Under the terms of the agreements, Hana Micron will be a representative of CounterPath's softphone products in the Korean market and CounterPath will be a representative of Hana Micron's VoIP products in the United States, Canada and all European markets.
The relationship not only creates new sales opportunities for both companies in their partner's primary markets, but includes a technical collaboration which will see the integration of superior and field-proven VoIP solutions by CounterPath with Hana Micron's VoIP products. Both parties have agreed to cooperate in entering the IP-TV market by co-developing VoIP solutions for TPS (Triple Play Services: High-speed Internet, Broadcasting, and Telephony).
"Hana Micron is excited by the many opportunities this new relationship with CounterPath brings to us, both in terms of marketability of our current products and co-development with CounterPath of exciting new products," said Sunny Kang, vice president of the Digital Business Division for Hana Micron. "In being able to promote our products to major enterprises in the US, Canada and Europe via CounterPath's widespread sales network, we expect to see increased sales of our products as a result."
"Hana Micron has clearly shown us they have superior USB and MP3 products, which, when combined with our softphones, present interesting and exciting new opportunities to our carrier customers," said Donovan Jones, president and chief operating officer for CounterPath. "We also expect that having a strong partner like Hana Micron represent our products in Asia, and more specifically Korea, will increase our effectiveness of delivering products to these important and growing markets."
Hana Micron Inc., established in 2001, is a spin off company of Samsung Electronics' semi- conductor business division. Based on the technologies of its world-class semiconductor engineers, Hana Micron Inc. is in co-development of new packaging technology with all-around semiconductor industries such as Samsung and Hynix, and is expanding their business to newly rising venture businesses such as Bluetooth, VoIP and digital convergence products. In fact, Hana Micron has also developed USB storage devices and MP3 players, both with and without VoIP function, based upon its own technologies, and has established a -firm position in both the domestic and international markets in various countries. As a result, Hana Micron has been the recipient of the Deloitte "Technology Fast 50 Korea" award continuously for the past 2 years. Additional information about Hana Micron is available at www. hanamicron.com
CounterPath Solutions, Inc., formerly Xten Networks, Inc., is a developer of award-winning, carrier-grade VoIP and Video over IP SIP softphones for telecom and Internet telephony service providers, cable operators, IP-PBX manufacturers and infrastructure manufacturers. CounterPath's SIP softphones and softphone SDKs (Software Development Kits), which provide VoIP, Video over IP, IM (Instant Messaging) and Presence functionality and can be preconfigured to our customer's VoIP service, are predominantly licensed on a per seat or per subscriber basis, either co-branded or private labeled. CounterPath's technology is deployed by over 210 customers in more than 50 countries. Additional information about CounterPath and CounterPath's products and services is available at www.counterpath.com.