Rockville, MD (JANUARY 15, 2001) – DVP, Inc. today officially announced its company name change to InHand Electronics, Inc. to best reflect the company’s evolution into a leader in the development of sophisticated, industrial-strength handheld device technology. The company’s mission remains to develop cutting-edge handheld technologies such as those found in the award-winning OmniMeter test & measurement handheld and Elf single-board computer. These products have become the platform for many revolutionary devices in manufacturing, biomedical, and military markets.

InHand also announced that it has initiated its capital raising efforts and that it has successfully completed an “angel” round of financing. “InHand is ideally positioned to capitalize on the burgeoning handheld device market,” said Carlos Valeiras, Vice President of Advantor Capital Company, an early-stage venture capital firm and one of InHand’s initial investors. “Entire industries are experiencing a paradigm shift due to mobile and wireless computing. InHand’s solutions will allow the company and its OEM customers to ride the wave of handheld technology in diverse industries such as test & measurement, biomedical and military.”

Andrew Girson, the new CEO of InHand said, “The company will continue its intense focus on the hot handheld market for OEMs and continue supporting past product developments. Our mission always has been to help handheld device developers speed up their product lifecycle with options ranging from off-the-shelf starter kits for development to consulting with our expert staff. The name change only affirms our commitment to meet the development requirements of industrial-strength handheld device makers in a wide variety of markets.”

InHand’s intellectual property, single-board computers, prototype handhelds, and data acquisition peripheral support bridge the gap for developers of all types of handheld devices. InHand Electronics will continue development and marketing of all of DVP’s handheld platform products, including the OmniMeter and Elf.
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