Kasten Chase to Focus Wireless Technology on Internet

Kasten Chase this week announced that it will refocus its wireless networking
technology on its core business initiatives in the areas of Internet access
and data security.

At the same time, Springboard
Wireless Networks, a wholly owned subsidiary of Kasten Chase, announced
that it plans to license its wireless Data Communications System (DCS) for
Communications-Based Train Control (CBTC) to all interested rail industry
equipment suppliers involved in providing CBTC systems and/or related
products and services to the rail and transit sector.

“Our leading edge wireless devices with fully integrated IP (Internet
Protocol) routing capabilities over fibre optic backbone networks have great
applicability for Internet access and data delivery,” said Terry Kulka,
president and chief executive officer at Springboard.

He said that Springboard can no longer focus on wireless capabilities solely
in the rail and transit sector given the unique strengths and universal
attributes underlying its wireless technology.

By moving its existing and anticipated business relationships with
organizations in the rail and transit sector principally to technology
licensing agreements, the company will reduce its overheads in this
particular market sector while realizing a more immediate return on its
investment through the sale of licenses.

“Clearly, the opportunity to apply our wireless technology
and capabilities in new and rapidly growing market sectors where we are well
positioned for success exists no,” said Kulka. “We intend to move quickly to capitalize
on the multitude of applications for this highly innovative technology.”

Kasten Chase invests in the identification, development and marketing of
advanced technology solutions in the areas of e-business, wireless data
communications and data security solutions.