AU-System and CellPoint Systems Announce Cooperative Agreement in the Area of Cellular Positioning Services.STOCKHOLM--(BUSINESS WIRE)--Sept. 22, 1998--AU-System Mobile AB and CellPoint Systems AB have completed a study showing the viability of implementing CellPoint's GSM positioning technology to work not only in the CellPoint purpose-designed terminal but also in normal handheld Cellular phones using the AU-System standard product AviSIM OTA (Over The Air) Refers to any wireless system such as AM/FM radio and network television that uses open space as its transmission medium. . This would make it possible to position a cellular telephone in CellPoint's proprietary server system. This server system is installed today, and operational both in Sweden and in South Africa. AviSIM OTA is, as of today, sold to more than 15 GSM operators, including some of the largest operators in the world. AU-System is a market-leading supplier of software products in the area of SIM card management and value-added services to GSM operators with a customer base exceeding 35 operators. It's main shareholders are Ericsson 41% and Telia 47%. CellPoint Systems AB is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Technor International Inc., listed on the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). Bulletin Board under the symbol TNOR. CellPoint is marketing value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services to GSM network operators built on its proprietary GSM positioning system. Mr. Anders Hardebring, Executive Vice President of AU-System, said: "There is a strong demand from the GSM marketplace for value added services based on positioning services. We are happy to work with CellPoint, a recognised leader in this field, to provide solutions in this area." Peter Henricsson, President of Technor, said: "The worldwide market potential and demand for positioning of cellular phones for emergency and commercial services is massive. Together with AU-System, we intend to make delivery of these services a reality." Forward looking statements in this Release are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Actual results may differ materially from those projected in any forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Investors are cautioned that such forward-looking statements involve risk and uncertainties which may cause actual results to differ from those described. |
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