TechnoConcepts, Inc. Provides Corporate Update

LOS ANGELES, Aug. 28, 2013 /PRNewswire/ -- (OTCMarkets Disclosure & News Service) – TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) has recently been upgraded from the Yield Sign on OTCMarkets to Current Information, following through on its plan to provide complete disclosure to all shareholders. This press release is to provide a general corporate update about the Company and its plans for the future.

Several debtors and preferred stockholders of the Company recognized last year that TechnoConcepts' proprietary technology, including True Software Radio™ and Lycon™ chip, were once again commercially viable when the FCC agreed with President Obama's directive to the Commerce Department to create a "shared-use spectrum superhighway" in the 500 to 1000 MHz spectrum.

A report issued last year by the President's Council of Advisors on Science and Technology (PCAST) cited one statistic that predicts the number of devices connected to mobile networks worldwide will grow tenfold by 2020, from 5 billion to 50 billion. To meet this demand, PCAST recommended that President Obama direct the Commerce Department to identify 1000 MHz of federal spectrum that could be leveraged to create "shared-use spectrum superhighways." The full report can be found here: http://www.whitehouse.gov/sites/default/files/microsites/ostp/pcast_spectrum_report_final_july_20_2012.pdf.

The Company believes that the Lycon™ chip technology was ahead of its time.  However, now that mobile phones and other internet enabled devices will be using spectrum sensing technology, the Company's technology is ready for commercialization and potential licensing opportunities. The Company's True Software Radio™ technology makes it possible for wireless transmitters and receivers, as well as the radio signal processing, to be fully controlled and reconfigured by software commands across a wide range of frequencies and frequency bands. True Software Radio™ technology is an advanced delta-sigma microchip architecture that converts RF signals directly into digital data for the wireless receiver and directly from digital data into radio signals for the wireless transmitter. 

The Company believes that direct conversion wireless technology will replace current conventional analog transceiver circuitry, providing fully software-controlled single-transceiver wireless devices that can operate across different networks and frequency bands, in multiple modes and with multiple wireless standards, with higher resolution and greater bandwidth than conventional circuitry. True Software Radio™ microchips replace the analog front end, intermediate frequency (I/F) processing, analog-to-digital conversion (ADC), and digital filtering sections of today's conventional wireless transmitters and receivers. Because the technology simplifies design and reduces component costs, the Company believes that True Software Radio™ is an ideal platform for OEMs and ODMs to develop new wireless broadband, mobile data, cellular, and other next-generation wireless applications.

The Company will continue to develop its technology and find an appropriate licensing partner.

The Company has met with several law firms regarding specific intellectual property related items and will be deciding shortly on a firm to represent them regarding all intellectual property related items.

About TechnoConcepts, Inc.

TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is a wireless technology company currently holding patents and other intellectual property.  The Company is a Colorado company in good standing.

Forward-Looking Statements

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.

SOURCE TechnoConcepts, Inc.