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InPlay Inks a Deal with Major Japanese OEM

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Things appear to be looking up for InPlay Technologies, as they just inked a deal with a yet-to-be-named Japanese OEM, for implementation in rugged Tablet PCs:

InPlay Technologies (NASDAQ: NPLA) has received a conditional purchase order for its dual-mode, digital pen-and-touch solution from a leading Japanese electronics manufacturer. InPlay’s technology has met a full range of rigorous testing and is designed into an updated line of rugged tablet PCs. The purchase order is contingent upon successful completion of pre-production qualification.

““We feel that it is a strong validation of our technology and the benefits we bring to this market to be selected by a major Japanese OEM. Our digital pen and touch screen product is designed to deliver a high quality user experience consistent with our customer’s stringent requirements for durability,” said Ramesh Ramchandani, president and COO, InPlay.

Once final requirements are met, production is expected to begin in fourth quarter 2008. InPlay estimates that the project will generate approximately $1 million in revenue annually.

InPlay offers the only digital communication pen technology on the market, bringing significant advantages over traditional analog products. With InPlay’s integrated digital pen and touch solutions, the system automatically recognizes pen or finger input, allowing the user to choose the most natural and effective input method. The system also incorporates palm rejection to avoid unintentional input thereby creating a comfortable user experience. The active digital pen optimizes handwriting recognition and allows for added digital features, while the touch screen offers a quick intuitive interface for cursor selection and navigation.

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