MSU Corporation ("MUCP") became listed on the NASDAQ Bulletin Board on May 25th 1995. In summary, MSU (UK) LTD, a wholly owned subsidiary of MSU Corporation, is a UK company specializing in multimedia product development.
MAJOR COMPANY MILESTONES:
March 1992: Incorporation
March 1992: F.E.C.C. Development Contract
October 1992: TXC Corporation Contract
October 1993: IBM Contracts
January 1994: Consumer Electronics Show, Las Vegas
March 1994: MSU "Generic CD System" Launched
April 1994: Yanion Company Contract
July 1994: TXC Video CD Contract
September 1994: Sunday Times Innovation Award
November 1994: Newstar Electronics
November 1994: Peacock AG
February 1995: Video CD Version 2
March 1995: Launch of "Minstrel" (Consumer PC)
May 1995: NASDAQ Bulletin Board Listing
September 1995: Launch of "SlipStream Internet Box"
October 1995: First Envoy Presentations
November 1995: MSU attend "COMDEX" Las Vegas
February/March 1996: MSU receives $1m Private Funding
May1996: "SlipStream Internet Box" Development Contract with A.I.M.Inc.(USA)
July 1996: "SlipStream Internet Box" Manufacturing & Licensing Agreement with MiTAC Inc. (TAIWAN)
September1996: SlipStream Chip Sets Agreement with Zilog (USA).
MARCH 1992: INCORPORATION.
MSU Ltd was incorporated in March 1992 as the result of concluding a $900,000 development contract with the F.E.C.Corporation in the People's Republic of China.
MARCH 1992: F.E.C.C. DEVELOPMENT CONTRACT.
F.E.C.C required a production ready design for a Computer Games Console that they would manufacture at their factories in the People's Republic of China.
Since this was based on the SlipStream ASIC (at that time in Version 3 form) it was decided that all relevant Intellectual Property Rights should be owned by MSU Ltd.
By August of 1992 MSU had received payments of $570,000 from the FECC contract and had completed approximately the same proportion of the development work.
Due to a change in political circumstances in the Fujian Region at this time and the associated concerns regarding outstanding contract payments to MSU this project was stopped.
It was however a valuable development exercise and resulted in MSU's development capability becoming known in the Far East.
OCTOBER 1992: TXC CORPORATION CONTRACT.
As a result, in October 1992, MSU concluded a joint venture agreement with the TXC Corporation of Taiwan.
This contract required MSU to design and produce prototypes of a product currently known as the TXE MULTISYSTEM.
In summary, the Multisystem is a CD-based multimedia product enabling the consumer to play Audio CD's, CD+G, Karaoke, Photo CD, and dedicated Computer Games.
The Multisystem has a powerful Intel 80386 processor as well as the SlipStream ASIC, and has 1 megabyte of RAM. First prototypes were delivered to TXC in January 1994.
OCTOBER 1993: IBM CONTRACTS.
MSU concluded a multiple contract deal with IBM to develop a range of products based on MSU's SlipStream ASIC.
No further details are available due to Confidentiality Agreements.
JANUARY 1994: CONSUMER ELECTRONICS SHOW; LAS VEGAS.
The contracts with IBM convinced MSU of the value of the SlipStream technology, in multimedia products and the Company invested in a stand at the Consumer Electronics Show.
This was the first public showing of the MSU products and services as detailed elsewhere.
MARCH 1994: MSU "GENERIC CD SYSTEM" LAUNCHED.
In order to provide a "working environment" for the SlipStream ASIC and Wynpeg chip set, MSU launched the Generic CD System which incorporates both technologies.
It offers clients a fast track to market for their own Video CD player based on the MSU System.
This system was well received in the Far East with 2 new contracts being signed and several more in negotiation.
APRIL 1994: YANION COMPANY CONTRACT.
MSU signed a Development Contract with the Yanion Company of Hong Kong to design a Video CD Player to Yanion's specification based on the MSU Generic CD System.
JULY 1994: TXC VIDEO CD CONTRACT.
MSU signed a Development Contract with TXC Corporation of Taiwan to design a specific Video CD Player based on the MSU Generic CD System.
SEPTEMBER 1994: SUNDAY TIMES INNOVATION AWARD.
The Sunday Times in conjunction with the National Westminster Bank run an annual competition for companies with exciting products that are regarded as technically innovative.
The Generic CD System from MSU was chosen as one of the finalists and finished in second place.
NOVEMBER 1994: NEWSTAR ELECTRONICS.
MSU signed a Joint Development Contract with Newstar Electronics of the People's Republic of China to design a Games Computer specifically for the Mainland China market.
NOVEMBER 1994: PEACOCK AG.
MSU concluded a Joint Development Agreement with Peacock AG of Germany for the design of a "Consumer PC" product.
FEBRUARY 1995: VIDEO CD VERSION 2
MSU commenced development and initial marketing of the next stage of Video CD Development called "Version 2".
In addition to offering enhanced features within the Version 2 definition, MSU's design, based on the C-Cube 480 M-PEG chip, will offer significant cost reduction in the Bill of Materials for those clients who want to introduce a Version 2 solution.
The final Bill of Materials cost will depend on a Client's specific product requirement but as a reference point the current typical BOM of $190 will be reduced to around $110. As a result, MSU clients will be able to reduce the ultimate end user price of the next generation of Video CD Player.
MARCH 1995: LAUNCH OF "MINSTREL". (Consumer PC)
As the result of initial market response to the "Consumer PC" product, MSU produced a detailed specification called "Minstrel". As with the Generic CD System in 1994, MSU offer a range of features that clients can chose to incorporate in their own concept of a "Consumer PC" but, most importantly, MSU have already designed and built systems that incorporate the "key technologies".
Probably the most significant of these is the ability to connect a PC to a domestic television.
MAY 1995: NASDAQ BULLETIN BOARD LISTING.
On May 23rd 1995 MSU were accepted by the NASD for listing on the NASDAQ Bulletin Board. The MSU stock was listed on 30th May and trading commenced the following day.
SEPTEMBER 1995: LAUNCH OF "SlipStream INTERNET BOX"
With increasing interest in the Internet and on line services, MSU designed a low cost, user friendly device, the SlipStream Internet Box, targeted at the consumer who cannot afford and/or does not want a PC, but does want access to such services.
OCTOBER 1995: FIRST ENVOY PRESENTATIONS.
Although not yet produced in silicon form the Envoy became demonstrable as a technology and the first customer demonstrations took place in both the Far East and United States during October. These demonstrations have resulted in significant negotiations.
NOVEMBER 1995: MSU ATTEND "COMDEX" LAS VEGAS.
In response to the interest shown in MSU technologies, the company took a suite at COMDEX to demonstrate Video CD, Minstrel, Internet Box, Envoy and SlipStream technologies to specific potential clients.
FEBRUARY/MARCH 1996: MSU RECEIVES $1m PRIVATE FUNDING.
As a result of the interest generated in MSU's products at COMDEX, a private investor who is familiar with both the company's products and their potential market, invested $1m with the primary function of completing the "Internet Box " design.
MAY1996: "SlipStream INTERNET BOX" DEVELOPMENT CONTRACT WITH A.I.M.Inc. (USA)
MSU signed a $250,000 development contract with American Interactive Media Inc. to develop a version of the Internet Box technology called the "The Accessor". The product is due for launch in the USA in the fall of 1996.
JULY 1996: "SlipStream INTERNET BOX" MANUFACTURING & LICENSING AGREEMENT WITH MiTAC Inc. (TAIWAN)
MSU signed a Heads of Agreement with MiTAC Inc. whereby MiTAC will finance the setting up of an OEM manufacturing facility for the Internet Box and both MSUand MiTAC will sell the product on a worldwide basis. [Press Release]
SEPTEMBER 1996: SlipStream CHIP SETS AGREEMENT WITH ZILOG (USA).
Zilog, Inc. signed an agreement with MSU to produce SlipStream chip sets and to develop the market where it is the major supplier of innovative electronic components. [Press Release]
Sales or Generic Information
MSU (UK) LTD
Elder House. 526-528 Elder House.
Central Milton Keynes. MK9 1LR. England
Sales E-mail: firstname.lastname@example.org
Generic E-mail: email@example.com
Investor Relations Information
Charles McLaughlin or Patricia Meding
Forté Communications, Inc.
Tel: (212) 785-6300
Fax: (212) 785-6205
Additional Contact Details:
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