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KDC is obligated to reduce the principal owing under the Note by $1,000,000 by July 29, 2006 and to make principal payments on the Note of $30,000 per month commencing in January, 2007. KDC plans to collaborate to establish a "LonWorks Business Center" to promote energy and automation solutions that integrate both IT and control networks as well as to develop the Korean market for smart metering. The MobileAccess solution enables KDC and its customers at Lincoln Square to immediately enjoy the convenience of wireless communications while providing the flexibility to incorporate additional wireless services and applications as needed in the future. |
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