Hathaway Corporation's (HWYI) Wholly Owned Subsidiary Diabetes Detection, Inc. Joins (RIM's) Blackberry(R) ISV Alliance Program
Hathaway Corporation's (HWYI) Wholly Owned Subsidiary Diabetes Detection, Inc. Joins (RIM's) Blackberry(R) ISV Alliance Program
Nov. 20, 2006 02:05 PM
PALO ALTO, CA -- (MARKET WIRE) -- 11/20/06 -- Hathaway Corporation (PINKSHEETS: HWYI)
previously announced that its wholly owned subsidiary, Diabetes Detections,
Inc (DDI), has entered into an alliance agreement with Research In Motion
under RIM's BlackBerry® ISV Alliance Program. This agreement establishes
a working relationship with RIM in order to fully develop the Vibrameter,
DDI's patented early-stage diabetes detection device, in conjunction with
RIM's products and services. Through this Alliance Program, DDI will have
the ability to fully utilize RIM's developmental, marketing, sales and
business development support.
Physicians would be able to hold a Blackberry against a patient's leg or
other extremity to test for sensation levels, which can help diagnose
neuropathy. They then could wirelessly send the data back to a clinical
information system. Diabetes Detections will work with RIM to beta test the
software and plans to seek approval for it to be used as a medical device
from the Food and Drug Administration next year, says Robert Lott,
president of DDI. For a recent interview with the respected Health Data
Management, please visit their site at;
http://healthdatamanagement.com/HDMSearchResultsDetails.cfm?articleId=14304
"We believe this alliance program with RIM is an incredible opportunity and
validation for DDI to work closely with a Fortune 500 company in developing
a product that can be marketed to millions of users globally, especially to
RIM's Blackberry device users," stated Paul D. Lisenby, interim CEO of
Hathaway. Mr. Lisenby further states, "We have been working very hard to
further develop DDI and the RIM agreement is a validation that we are
starting to see some major traction in our concept. We feel this alliance
will give us a definitive edge in creating a seamless product that can be
brought to market much faster than we previously thought. We expect to
announce further progress with our efforts in the coming weeks."
*Blackberry is a registered trademark of RIM and is in no way associated
with Hathaway Corporation and or its subsidiaries. The BlackBerry and RIM
families of related marks, images and symbols are the exclusive properties
and trademarks of Research In Motion Limited.
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued companies that bring
a shift in how communications are delivered and serviced globally. Hathaway
continues to seek out and capitalize on emerging technologies. Their first
acquisition, OptiCon Systems, was first developed by Corning and sold to
their customers. Corning spent millions of dollars and over seven years
developing the Fiber Optic Management System currently marketed and sold by
OptiCon Systems Inc. OptiCon serves over 70% of the global 500 companies
such as Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner, and
Bright House. Through companies such as OptiCon and DDI, Hathaway brings
the communication solutions of the future to today's business marketplace.
Safe Harbor
This release includes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 27E of the Securities
Act of 1934. Statements contained in this release that are not historical
facts may be deemed to be forward-looking statements. Investors are
cautioned that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected or
suggested herein due to certain risks and uncertainties including, without
limitation, ability to obtain financing and regulatory and shareholder
approval for anticipated actions.
Contact:
FutureTechIR for Hathaway Corporation
Investor Relations
(817) 812-2105
727-417-9338
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