News Article

Aeronix Inc. Announces Spin-Out of Zipit® Wireless Inc
Date: Jun 28, 2007
Source: ThomasNet ( click here to go to the source)

Featured firm in this article: Aeronix Inc of Melbourne, FL



MELBOURNE, Fla., June 20 / -- Aeronix Inc. today announced the spin-out of a new company called Zipit® Wireless Inc. This spin-out allows Zipit Wireless to continue building on its reputation as a cutting-edge provider of wireless solutions for the consumer marketplace. Zipit Wireless was formerly part of Aeronix's Consumer Media Systems group, which operated as Zipit for the purposes of marketing the Zipit Wireless Messenger.

As part of the spin-out, Zipit Wireless Inc. is now positioned to take advantage of the intellectual property, products and assets related to the company's Zipit Wireless Messenger device, which was introduced in October 2004.

Since creating the Zipit Wireless Messenger, Aeronix incubated the Wi-Fi- based instant messaging and portable Wi-Fi technology to perfect the current Zipit product. During the past several years, Aeronix funded all research and development of Zipit as a separate operation from its other company interests.

In addition, effective immediately, Frank Greer has left his position at Aeronix as vice president and general manager to serve as president and CEO of Zipit Wireless Inc.

"We are excited about the future of Zipit Wireless and our plans during the next 18 months," said Greer. "We are greatly appreciative of Aeronix and its help in the initial stages of making our dream of providing a family- friendly and affordable Wi-Fi instant messaging device a reality."

"The Zipit Wireless Messenger is a great product and we are proud to have played a critical role in the initial stages of development," said George Adaniya, chairman of Aeronix Inc. and Zipit Wireless Inc. board member. "We wish Frank continued success in the development and growth of Zipit."

About Zipit Wireless Messenger

Zipit Wireless Messenger is the only Wi-Fi instant messaging device which supports all major IM services. It eliminates family feuds caused by teens tying up the family computer to keep in touch with their friends via the popular instant messaging services. In addition to the product's unique ability, the Zipit Wireless Messenger has also received numerous national awards and praise by parents and analysts, including the iParenting Media Award in 2006 for its ease of use and safety.

About Zipit Wireless Inc.

Zipit Wireless Inc. is a developer of consumer electronics headquartered in Greenville, S.C. The company focuses on wireless communication and entertainment devices that allow consumers to stay tapped into their world. It is also the developer of the Zipit Wireless Messenger, a low-cost portable IM device that connects to Wi-Fi wireless home networks or free "hotspots" and enables teens and pre-teens to chat away and enjoy their music collections with no service or per message fees, while eliminating the dependency on the family PC. For more information, visit www.zipitwireless.com.

About Aeronix Inc.

Aeronix Inc. is a cutting edge systems engineering and communications product development company headquartered in Melbourne, Fla. with design centers located in Greenville, S.C. and Washington, D.C. Aeronix products and services include electronics systems for the U.S. Department of Defense, industrial electronics products and consumer media devices. For more information, visit www.aeronix.com