Argonaut, Raymarine and Xplore team up under an $8 million agreement to design and distribute world class ruggedized marine computers

Apr 02, 2001, 01:00 ET from Xplore Technologies Corp.

    TORONTO, April 2 /PRNewswire/ - Xplore Technologies Corp., a leading
 international developer, producer and distributor of mobile wireless computer
 systems, has converted an $8 million Memorandum of Understanding (MOU) into a
 firm contract with Argonaut Computer, Inc. as part of a collaborative
 engineering and marketing agreement. Raymarine, Inc. formerly a division of
 Raytheon and the world's largest producer of recreational marine electronic
 products will distribute the co-developed rugged shipboard computing system to
 the marine industry under the product label "Raymarine Argonaut Computer".
 Argonaut Computer is a leading supplier of computer products to the marine
 yachting, boating and commercial maritime shipping markets. Xplore has
 received a purchase order for delivery of the first $1.7 million of this
 specialty marine product to begin shipping this quarter.
     This three-year agreement calls for the parties' collective engineering,
 core electronics and rugged computing design expertise, combined with
 Raymarine's extensive worldwide dealer network to produce and market this
 innovative marine solution.
     Prototypes were test marketed at two large US marine trade shows late in
 1999 and in February of this year. "The response to our technology and
 Raymarine's proposed marketing initiatives at the shows, was overwhelming and
 clearly demonstrated the innovation, excellence and partnership skills that
 Xplore and Argonaut bring to the development of leading technologies for the
 marine industry, "said Brian Groh, President and CEO of Xplore Technologies."
 By combining the strengths of Xplore, Argonaut and Raymarine, the marine
 industry will have an exciting new product on the market in 2001."
     Argonaut, Xplore, and Raymarine have developed an onboard, ocean-bound
 rugged computing device that will deliver a series of marine applications,
 including precise GPS electronic charting, radar overlay, real time weather
 forecasting, email at sea communication and will tie-in with other marine
 electronics.
     "We have been working with the Raymarine group and Xplore since early
 last year on this exciting initiative, "said George Kioutas, President of
 Argonaut Computer, Inc. "We believe Xplore's core technology, combined with
 Argonaut and Raymarine's extensive marine know-how and marketing capabilities,
 will allow us to capture a significant portion of this rapidly expanding
 market."
     "Our relationship with Argonaut Computer and Xplore Technologies has
 created a solution that is ideally suited to our marine customer's
 requirements for rugged, powerful and water resistant marine computing
 systems, "said Rick Kane, CEO of Raymarine. We can capture a significant share
 of this rapidly expanding market by combining Argonaut and Raymarine's
 aquatic, technological and marine distribution expertise with Xplore's product
 development and production capabilities."
     Xplore has developed mobile computers that are built to withstand the
 harshest environmental conditions and enable direct data input through a touch
 screen, digitizer pen, mouse, programmable keys or keyboard applications. All
 Xplore products are designed to perform under the most intense temperatures
 and equipped with ultra-bright TFT color and LCD screens, making products easy
 to read in all lighting conditions day or night.
     Xplore Technologies, founded in 1996, is an innovative leader in the
 rugged pen-based mobile wireless computing industry. Xplore, which is traded
 on the Toronto Stock Exchange under the symbol TSE:XPL, has offices in Austin
 Texas, Toronto Canada, and Helsinki Finland. Its rugged GeneSys and Ramline
 systems incorporate leading-edge technology based on years of customer design
 input. Xplore's diverse customer base comes from the public safety, retail and
 wholesale warehousing, utility, military, field service, marine and
 transportation industries. For more information, visit www.xploretech.com.
     Argonaut Computer, Inc. is a leading provider of state of the art,
 ruggedized portable computer solutions to the marine industry. Argonaut's
 products offer reliable, secure computing in the often-harsh marine
 environment. Specific customer applications include general marine, yachting,
 boating, commercial maritime shipping, U.S. Government agency and military.
 Turnkey systems are created through the integration of the latest marine
 navigation software, GPS, communication, and radar or remote sensor
 connections. For more information, visit www.argonautcomputer.com
     Raymarine was recently formed after a management buyout of Raytheon
 Marine's recreational marine products division. Raymarine, with offices in
 Nashua New Hampshire, Fort Lauderdale Florida and Portsmouth England,
 continues Raytheon's tradition as a leading provider of state of the art,
 rugged marine electronic solutions. Specific customer applications include
 general marine, yachting and boating. Raymarine's RayTech Navigator software
 offers leading edge electronic charting capability. Turnkey systems will
 integrate rugged computer, highly accurate Raymarine GPS technology,
 navigation software, weather communication and radar or remote sensor
 connections. For more information, visit www.raymarine.com.
 
     The Toronto Stock Exchange has neither approved nor disapproved the
 information contained herein.
 
     Xplore Technologies(R) and GeneSys(R) are registered trademarks of Xplore
 Technologies Corporation of America. Ramline(TM) is a trademark of Xplore
 Technologies International.
 
     This news release contains forward-looking statements that involve risks
 and uncertainties, which may cause actual results to differ materially from
 the statements made. When used in this document, the words "may", "would",
 "could", "will", "intend", "plan", "anticipate", "believe", "estimate",
 "expect" and similar expressions are intended to identify forward-looking
 statements. Such statements reflect Xplore's current views with respect to
 future events and are subject to such risks and uncertainties. Many factors
 could cause our actual results to differ materially from the statements made
 including those factors detailed from time to time in filings made by Xplore
 with Canadian securities regulatory authorities. Should one or more of these
 risks or uncertainties materialize, or should assumptions underlying the
 forward looking statements prove incorrect, actual results may vary materially
 from those described herein as intended, planned, anticipated or expected.
 Xplore does not intend and does not assume any obligation to update these
 forward-looking statements.
 
 

SOURCE Xplore Technologies Corp.
    TORONTO, April 2 /PRNewswire/ - Xplore Technologies Corp., a leading
 international developer, producer and distributor of mobile wireless computer
 systems, has converted an $8 million Memorandum of Understanding (MOU) into a
 firm contract with Argonaut Computer, Inc. as part of a collaborative
 engineering and marketing agreement. Raymarine, Inc. formerly a division of
 Raytheon and the world's largest producer of recreational marine electronic
 products will distribute the co-developed rugged shipboard computing system to
 the marine industry under the product label "Raymarine Argonaut Computer".
 Argonaut Computer is a leading supplier of computer products to the marine
 yachting, boating and commercial maritime shipping markets. Xplore has
 received a purchase order for delivery of the first $1.7 million of this
 specialty marine product to begin shipping this quarter.
     This three-year agreement calls for the parties' collective engineering,
 core electronics and rugged computing design expertise, combined with
 Raymarine's extensive worldwide dealer network to produce and market this
 innovative marine solution.
     Prototypes were test marketed at two large US marine trade shows late in
 1999 and in February of this year. "The response to our technology and
 Raymarine's proposed marketing initiatives at the shows, was overwhelming and
 clearly demonstrated the innovation, excellence and partnership skills that
 Xplore and Argonaut bring to the development of leading technologies for the
 marine industry, "said Brian Groh, President and CEO of Xplore Technologies."
 By combining the strengths of Xplore, Argonaut and Raymarine, the marine
 industry will have an exciting new product on the market in 2001."
     Argonaut, Xplore, and Raymarine have developed an onboard, ocean-bound
 rugged computing device that will deliver a series of marine applications,
 including precise GPS electronic charting, radar overlay, real time weather
 forecasting, email at sea communication and will tie-in with other marine
 electronics.
     "We have been working with the Raymarine group and Xplore since early
 last year on this exciting initiative, "said George Kioutas, President of
 Argonaut Computer, Inc. "We believe Xplore's core technology, combined with
 Argonaut and Raymarine's extensive marine know-how and marketing capabilities,
 will allow us to capture a significant portion of this rapidly expanding
 market."
     "Our relationship with Argonaut Computer and Xplore Technologies has
 created a solution that is ideally suited to our marine customer's
 requirements for rugged, powerful and water resistant marine computing
 systems, "said Rick Kane, CEO of Raymarine. We can capture a significant share
 of this rapidly expanding market by combining Argonaut and Raymarine's
 aquatic, technological and marine distribution expertise with Xplore's product
 development and production capabilities."
     Xplore has developed mobile computers that are built to withstand the
 harshest environmental conditions and enable direct data input through a touch
 screen, digitizer pen, mouse, programmable keys or keyboard applications. All
 Xplore products are designed to perform under the most intense temperatures
 and equipped with ultra-bright TFT color and LCD screens, making products easy
 to read in all lighting conditions day or night.
     Xplore Technologies, founded in 1996, is an innovative leader in the
 rugged pen-based mobile wireless computing industry. Xplore, which is traded
 on the Toronto Stock Exchange under the symbol TSE:XPL, has offices in Austin
 Texas, Toronto Canada, and Helsinki Finland. Its rugged GeneSys and Ramline
 systems incorporate leading-edge technology based on years of customer design
 input. Xplore's diverse customer base comes from the public safety, retail and
 wholesale warehousing, utility, military, field service, marine and
 transportation industries. For more information, visit www.xploretech.com.
     Argonaut Computer, Inc. is a leading provider of state of the art,
 ruggedized portable computer solutions to the marine industry. Argonaut's
 products offer reliable, secure computing in the often-harsh marine
 environment. Specific customer applications include general marine, yachting,
 boating, commercial maritime shipping, U.S. Government agency and military.
 Turnkey systems are created through the integration of the latest marine
 navigation software, GPS, communication, and radar or remote sensor
 connections. For more information, visit www.argonautcomputer.com
     Raymarine was recently formed after a management buyout of Raytheon
 Marine's recreational marine products division. Raymarine, with offices in
 Nashua New Hampshire, Fort Lauderdale Florida and Portsmouth England,
 continues Raytheon's tradition as a leading provider of state of the art,
 rugged marine electronic solutions. Specific customer applications include
 general marine, yachting and boating. Raymarine's RayTech Navigator software
 offers leading edge electronic charting capability. Turnkey systems will
 integrate rugged computer, highly accurate Raymarine GPS technology,
 navigation software, weather communication and radar or remote sensor
 connections. For more information, visit www.raymarine.com.
 
     The Toronto Stock Exchange has neither approved nor disapproved the
 information contained herein.
 
     Xplore Technologies(R) and GeneSys(R) are registered trademarks of Xplore
 Technologies Corporation of America. Ramline(TM) is a trademark of Xplore
 Technologies International.
 
     This news release contains forward-looking statements that involve risks
 and uncertainties, which may cause actual results to differ materially from
 the statements made. When used in this document, the words "may", "would",
 "could", "will", "intend", "plan", "anticipate", "believe", "estimate",
 "expect" and similar expressions are intended to identify forward-looking
 statements. Such statements reflect Xplore's current views with respect to
 future events and are subject to such risks and uncertainties. Many factors
 could cause our actual results to differ materially from the statements made
 including those factors detailed from time to time in filings made by Xplore
 with Canadian securities regulatory authorities. Should one or more of these
 risks or uncertainties materialize, or should assumptions underlying the
 forward looking statements prove incorrect, actual results may vary materially
 from those described herein as intended, planned, anticipated or expected.
 Xplore does not intend and does not assume any obligation to update these
 forward-looking statements.
 
 SOURCE Xplore Technologies Corp.