CALGARY, Alberta, June 20, 2005 (PRIMEZONE) -- Cyberhand Technologies International, Inc. (Pink Sheets:CYHD), a leading computer peripheral design company specializing in innovative wireless ergonomic products for mobile and desktop users, announced today that it will be entering the rapidly growing Chinese Online Gaming Market. The company's first product to be launched in China will be its high performance, ergonomic game controller, which should retail for approximately $29.95 (U.S.).
The new Viper controller will be adapted specifically for the Chinese On-Line Gaming Industry and will be the first product to employ Cyberhand's proprietary Artificial Intelligence (AI) engine. AI is leading edge user-centric technology that enables the Viper to adapt to the gamer's playing style by reading his movements and skill levels and adjusting accordingly for optimized scoring and performance. Testing has shown that game players using the Viper controller were able to enhance their overall performance by up to 40% over other game controllers currently on the market.
Cyberhand's game controller was designed for maximum agility, performance and ease of use. The Viper's patented innovative ergonomic design also protects players from the harmful and often very expensive effects of repetitive stress injuries, including Carpal Tunnel Syndrome allowing them to play longer comfortably.
"The online gaming market in China is huge and it is growing at an amazing rate. Entering the Chinese market should prove to be a tremendous boon for Cyberhand, leading to significant new revenue streams. This is the next logical step toward our goal of becoming a market leader and building long-term shareholder equity," says Mike Burke, President of Cyberhand Technologies International.
"International Data Corp (IDC) projects that there will be 800 million On-Line Computer Gamers in China by 2007. Our target is to sell to 0.5% of these users over the next 18 to 24 months. We feel confident that with the Viper's 40% enhanced performance over other controllers and the right distribution partners, we will easily reach this market level," adds Burke.
IDC valued the online gaming market in 2002 at about $110 million (U.S.), with online gaming-related telecom business at about $735 million, IT business at $385 million and publishing and other media business at approximately $220 million, and those figures excluded revenues from online gaming-related advertising. Recent figures from the Xinhua News Agency suggest that the telecoms and other complementary markets will also have benefited to the tune of $1.4 billion in 2003(a).
(a) Data from a 1/19/04 Market Report from China Media Intelligence.
About Cyberhand Technologies International, Inc.
Cyberhand Technologies International, Inc. is a leading computer peripheral design company specializing in innovative wireless ergonomic products for mobile and desktop users. The company designs, manufactures, markets and sells leading edge consumer electronics devices that feature innovative ergonomic designs, advanced software development and technologies that are far superior to other products in the market. Cyberhand is focused on developing products that allow computer, Personal Digital Assistant (PDA) and Smartphone users the ultimate in mobility, productivity, performance and comfort. The company's initial products include:
-- Computer Game Controllers that are 40% more responsive than
competing products
-- Wireless Keyboards for PDAs and Smartphones
-- Ergonomic Computer Mouse Products that eliminate computer-related
repetitive stress injuries
-- Related Software Upgrades and other Peripherals such as Keyboards,
Cameras and Scanners
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This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.