| Hathaway
Corporation Implements Acquisition Strategy for 2006
Wednesday January 25, 2006
Hathaway Corporation is pleased to announce that
the company has implemented its acquisition strategy for 2006 by
signing an agreement with Knowledge Market Inc., a Silicon Valley-based
provider of technology commercialization products & services.
This agreement will assist Hathaway in discovering new and emerging
telecommunications and communication-based medical technology companies.
Knowledge Market sources technologies from National Aeronautics
and Space Administration (NASA), Langley Research Center, Jet Propulsion
Lab (JPL), National Institutes of Health (NIH), Berkeley National
Lab, Los Alamos National Laboratory, Stanford University, Berkeley,
UCLA, Harvard University, Massachusetts Institute of Technology
and from many Fortune 500 research labs.
Knowledge Market's mission is to locate and evaluate
non-commercialized intellectual property (IP) with a view towards
meeting specific market needs. Consumers, companies, and nations
are inundated with new technology at a rate faster than at any time
in human history. With approximately 70 percent of these new technologies
going unlicensed, Knowledge Market provides an effective new approach
for commercializing these technologies.
"We are very excited to be working with Knowledge
Market in an effort to strengthen the company through our acquisition
strategy of technologies from tier one research labs worldwide.
The information and research that they will provide Hathaway will
be key to selecting potential acquisition candidates and to expand
our revenue base hence increasing shareholder value," stated
Paul Lisenby, Acting CEO of Hathaway Corporation.
About Hathaway Corporation
Hathaway Corporation develops and acquires undervalued
companies that bring a shift in how communications are delivered
and serviced globally. Hathaway continues to seek out and capitalize
on emerging technologies such as OptiCon Systems that will change
the way the world communicates. Originally, OptiCon Systems was
developed by Corning and sold to their customers. Corning spent
millions of dollars and over seven years developing the Fiber Optic
Management System currently marketed and sold by OptiCon Systems
Inc. OptiCon serves over 70% of the Global 500 companies such as
Adelphia, Charter, Comcast, Comcast/AT&T, Cox, Time Warner,
and BrightHouse. Through companies like OptiCon, Hathaway brings
the communication solutions of the future to today's business marketplace.
Safe Harbor
This release includes forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933
and Section 27E of the Securities Act of 1934. Statements contained
in this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that forward-looking
statements are inherently uncertain. Actual performance and results
may differ materially from that projected or suggested herein due
to certain risks and uncertainties including, without limitation,
ability to obtain financing and regulatory and shareholder approval
for anticipated actions.
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