Empower Technologies Announces Extension of Warrants

Dec. 1, 2009 - PRLog -- Richmond, British Columbia, Canada - Empower Technologies Corporation (TSX.V: EPT) (“Empower”) announces that it proposes to extend the expiry date of its common share purchase warrants issued pursuant to a short form offering on December 19, 2007, and January 7, 2008 (the “Warrants”) and scheduled to expire on December 19, 2009, and January 7, 2010, for an additional eighteen (18) months. The amended exercise expiry dates of 940,650 Warrants will now be on June 19, 2011 and 280,650 Warrants on July 7, 2011.  The exercise price for the Warrants remains at $0.90 per common share.  The total number of Warrants issued pursuant to the short form offering was 1,221,300 (exclusive of agents’ warrants), and no Warrants were exercised prior to the extension of the expiry date.

The extension of the expiry date of the Warrants is subject to the approval of the TSX Venture Exchange.


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About Empower Technologies™

Founded in 2000, Empower Technologies (TSX.V: EPT) is an innovative company that brings the power and flexibility of the LEOs® (Linux Embedded Operating System) to the dynamic embedded computing Industry and the emerging Intelligent Appliance Market, through their development of Linux-based operating software and embedded system technologies and solutions.  

The products and services that form the base of its business activities include an embedded system development platform for LEOs®, based on Texas Instruments™ embedded CPU platform, that fulfill the needs and demands of developers and the embedded computing Industry.  Empower is continuing to develop LEOs® and newer versions of embedded CPUs in line with Texas Instruments™.

By uniting top professionals from within the computer industry and developing quality partnerships and strategic alliances, Empower is committed to being the leading developer of Linux-based operating software and embedded system technologies and solutions for electronics manufacturers and developers.

Empower’s brands are “LEOs®”, “LinuxDA™”, Linux-based embedded operating systems and “PowerPlay™”, smart consumer electronics.

Contact Information:

Media Enquiries:
Anson Mak – info@empowertechnologies.com or via Tel @ (604) 278-3100

Investor Relations: investorline@empowertechnologies.com

More Information on Empower Technologies:   www.empowertechnologies.com

Sales Enquiries:   sales@empowertechnologies.com or via Tel @ (604) 278-3100

Paul Leung
Chairman, President and CEO

Empower Technologies Corporation
# 405-5600 Parkwood Way
Crestwood Commerce Centre
Richmond, BC, Canada V6V 2M2

The statements contained in this news release that are not historical facts are forward looking statements.  Such statements are based on management's estimates, assumptions and projections using available information.  The company cautions that actual financial results could differ materially from the current expectations due to a number of factors.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms are defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Empower Technologies, LEOs, PowerPlay and LinuxDA are the trademarks of Empower Technologies, Inc.  All other brands are trademarks of their respective owners.

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Empower Technologies is a developer and provider of Linux-based embedded operating software, development platforms and system technologies for embedded computing industry which includes the automotive, RFID, industrial control, and medical devices sectors