Zi CORPORATION
NEWS RELEASE
For immediate release
(Calgary, AB Canada)
April 22, 1999
Zi Licenses
Chinese Smart Text Input Software to Planetweb
Zi Corporation (TSE:
ZIC; NASDAQ: ZICA) ("Zi") is pleased to announce that it has
entered into a licensing and royalty agreement with Planetweb,
Inc, ("Planetweb") to provide Zi Input software for integration
with Planetweb's Internet software products for consumer electronic
devices such as screen phones, video game consoles, video phones,
wireless home networking systems, set-top boxes, and embedded
reference designs for DTV (digital TV) and DVD.
"Within the Asia-Pacific
region, Greater China represents a significant market opportunity
for Internet appliances," said Jan Gullett, CEO and President
of Planetweb, Inc. "Planetweb and Zi believe in a common vision
of delivering mass market software that is simple to learn and
easy to use by the growing number of Chinese consumers that
want to become part of the on-line community."
According to a recently
published report by China’s Ministry of Information Industry,
there are 317 million television sets, 40 million VCD players
and 25% telephone penetration in China. These statistics profile
a target market for the software resulting from the integration
of Zi Input with Planetweb’s software solutions that provide
the functionality of the Internet to screen phones, video game
consoles, video phones, wireless home networking systems, set-top
boxes, and embedded reference designs for DTV (digital TV) and
DVD.
"Planetweb values
a mass market solution for Chinese smart text input that enhances
the Internet experience," noted Michael E. Lobsinger, Chairman
and CEO of Zi Corporation. "By entering into an agreement with
Zi, Planetweb joins the growing list of licensees of Zi smart
text input for consumer devices such as TV set-top boxes and
mobile phones."
Founded in 1996,
Planetweb, Inc., is a leading developer of Internet software
products and services for consumer electronics devices. Planetweb’s
suite of products includes a powerful World Wide Web Browser,
Applications, System Software, Portal Technology and multimedia
Java Technology. Already ported to multiple platform categories,
including screen phones, video game consoles, video phones,
wireless home networking systems, set-top boxes, and embedded
reference designs for DTV (digital TV) and DVD, Planetweb?software
has been shipped to manufacturers globally. Based in Mountain
View, CA, Planetweb also has an office in Tokyo, Japan. For
more information about Planetweb visit the company's Web site
at www.planetweb.com.
Zi Corporation’s
goal is to make modern electronic technology more accessible
to people in a way that is consistent with their language and
culture. By connecting technology to language, Zi Corporation
brings smart text input to the mass market for devices such
as mobile phones, TV set top boxes, computers and information
appliances.
Certain statements
in this press release constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform
Act of 1995 including, without limitation, statements concerning
the anticipated benefits to Zi Corporation of its agreement
with Planetweb. The expected inclusion of Zi Input technology
in products developed by Planetweb and potential license, royalty
and maintenance fee amounts involve risks, uncertainties and
other factors which may cause the actual results, performance
or achievements of Zi Corporation to be materially different
from any future results, performance or achievements expressed
or implied by such forward-looking statements. Such factors
include uncertainties in the ability to successfully collaborate
with Planetweb; the ability of Zi Corporation to successfully
design, develop, and deliver any application that complies with
Planetweb’s specifications and is accepted by Planetweb;
the ability of Zi Corporation to successfully meet specific
delivery dates set forth by Planetweb; the ability of Zi Corporation
to successfully integrate and maintain compatibility with Planetweb’s
technology; possible failure to continue to be selected as the
Chinese character-based language enabling technology by Planetweb;
the ability of Planetweb to successfully market and distribute
any of its products incorporating Zi technology; economic conditions
in Asia; the risks of doing business in foreign countries including
China; and the risks and uncertainties referred to in Zi Corporation’s
Report of Form 20-F for the year ended December 31, 1997 filed
with the U.S. Securities and Exchange Commission. There can
be no assurance that Zi Corporation will achieve commercial
success through the agreement described herein.
NEITHER THE TORONTO
STOCK EXCHANGE NOR NASDAQ HAVE APPROVED OR DISAPPROVED OF THE
INFORMATION CONTAINED HEREIN.
FOR FURTHER INFORMATION,
PLEASE CONTACT:
| Zi Corporation |
Planetweb, Inc. |
| Carol Kim |
Tina Cuccia |
| Manager, Investor/Media Relations |
Marketing Communications Manager |
| +1 403.233.8875 |
+1 650.903.7024 |
| Web site: http://www.zicorp.com/ |
www.planetweb.com |
|