TORRANCE, CA – August 2, 2005 – Celestron, one of the world’s leading designers and manufacturers of telescopes, binoculars, spotting scopes and microscopes, and Yamcon, innovators of groundbreaking technology for exploration, education and entertainment, announced today that they have signed a global licensing agreement whereby Celestron will incorporate Yamcon’s patented technology into a variety of products. The first product to be released, the SkyScout, is a handheld device that can instantly identify and/or locate any celestial object visible to the naked eye, providing descriptions in a multimedia, planetarium-like experience. Celestron will launch the SkyScout at the International CES show in January of 2006.
“We are thrilled to have formed this partnership,” said Joseph A. Lupica, CEO of Celestron. “Yamcon’s technology makes learning about the stars and planets easier and more entertaining than ever before. Astronomers of all levels of experience, and even consumers who have never purchased anything astronomy related, are going to love the SkyScout. We expect it to have a big impact in the astronomy industry, and look forward to releasing additional products using Yamcon’s technology in the future.”
Mike Lemp, CEO of Yamcon, said “We couldn’t be more pleased with our partnership with Celestron. With their acquisition by Synta, Celestron now has the resources and are actively positioning themselves for some very exciting things in the way of new product development and market growth. The SkyScout fits perfectly within their strategy. We look forward to creating innovative and popular products with them for many years to come.”
Specific terms of the licensing agreement were not disclosed.
Celestron, is a leading designer, manufacturer and importer of high-quality optical products including computerized and non-computerized telescopes and related accessories, binoculars, spotting scopes and microscopes. Since manufacturing its first telescope in 1960, Celestron has grown to become one of the world’s leading telescope makers, and enjoys brand-name recognition among serious amateur astronomers for superior optics, outstanding design, and innovative technology. Celestron’s innovative products continue to receive numerous industry and consumer media accolades, adding to an already impressive list that includes awards for product innovation from Reader’s Digest, Popular Science, PC Magazine, Popular Mechanics, the Consumer Electronics Association and more. Celestron sells and markets its products worldwide through a variety of specialty retail outlets and international distributors. Celestron is a privately held company with corporate offices and manufacturing facilities, in Torrance, CA.
About Yamcon, Inc.
Yamcon, Inc. has been granted 3 U.S. patents on, revolutionary technology that allows a device to instantly and accurately identify and/or locate any celestial object visible to the naked eye. The technology combines data from sensors measuring both the magnetic and gravitational fields of the Earth, along with GPS and a substantial celestial database. Yamcon developed its technology to dramatically improve how people learn about astronomy, making it much easier and more entertaining