Comarco Licenses Patented Power Technology to Cooler Master USA

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Comarco Licenses Patented Power Technology to Cooler Master USA

License agreement entered into on December 8, 2011

PR Newswire

LAKE FOREST, Calif., Dec. 12, 2011 /PRNewswire/ -- Comarco, Inc. CMRO today announced that Cooler Master USA, Inc. ("Cooler Master") executed a license agreement with the Company which provides for license revenue to be paid to Comarco on future sales of Cooler Master's products that utilize technology developed and patented by Comarco.  Cooler Master is a worldwide leader in power supplies and other computer peripheral equipment. The terms of this license agreement remain confidential.

"This is an important milestone in Comarco's efforts to secure license agreements related to our patented technology developed over many years, thereby enabling the Company to realize value from our extensive patent portfolio," said Tom Lanni, President and CEO of Comarco.  

"From a corporate strategy perspective, this is a very important step for Comarco, its employees, and its shareholders," continued Mr. Lanni.  "We have been focused on achieving several milestones that are designed to generate meaningful growth and profitability for our company.  These milestones include direct-to-consumer sales of our next generation power adapter which we plan to launch on our website later this year and monetizing the value of our patent portfolio through licensing of our technology.  The agreement with Cooler Master is another step towards achieving our goal of realizing value from our patent portfolio."

"This cooperative effort enables Cooler Master to develop and offer an array of high quality power technologies. As a leader in desktop and mobile computing products, our company sees this as an exciting opportunity to deliver new and innovative mobile power solutions that marry aspects of each company's technological expertise. It is our hope that this new found value will meaningfully benefit our user's lives through products that increase convenience and efficiency," said Danny Chen, General Manager of Cooler Master USA, Inc.

Forward-Looking Statement Disclaimer  

This press release contains statements relating to our future plans and strategies that are based on our current beliefs and assumptions.  These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "could," "may," "should," and similar expressions or variations of such words are intended to identify forward-looking statements, but are not deemed to represent an all-inclusive means of identifying forward-looking statements as denoted in this release. Additionally, statements concerning future matters are forward-looking statements.  

Although forward-looking statements in this release reflect the good faith judgment of our management, such statements are only based on facts and factors known by us as of the date of this release.  Consequently, forward-looking statements are inherently subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, without limitation, those specifically addressed in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended January 31, 2011, and in our other filings with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.  We undertake no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, whether as a result of new information, future events or otherwise, except as required by law.

About Comarco

Based in Lake Forest, Calif., Comarco is a leading provider of universal mobile power products used to power and charge notebook computers, mobile phones, and many other rechargeable mobile devices. The Company's Web sites can be found at www.comarco.com and www.chargesource.com.

SOURCE Comarco, Inc

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