Aether Forms New Joint Venture With Leading South Korean IT Services Provider, SK C&C, To Offer Wireless Data in Korea.Business Editors/Hi-Tech Writers OWINGS MILLS, Md. & SEOUL, South Korea--(BUSINESS WIRE)-- July 2, 2001 New Company, Mobiya, Will Offer Wireless Business Solutions Based on Aether aether: see ether, in physics and astronomy. Aether god of whole atmosphere. [Gk. Myth.: Jobes, 42] See : Air Fusion(TM) Software Foundation Aether Systems, Inc. (Nasdaq:AETH), a leading provider of wireless data products and services, today announced that it has partnered with SK C&C, a leading IT services provider in Seoul, South Korea, to create a new company, Mobiya, to develop and deliver wireless data services in South Korea based on the Aether Fusion software foundation. The new company, owned 60 percent by SK C&C and 40 percent by Aether, will leverage Aether's wireless-enabling software technology, and SK C&C's IT experience and knowledge of the South Korean market. Using Aether software products and services including ScoutWare(TM) for mobile data synchronization Keeping data in two or more computers up-to-date so that each repository contains the identical information. Data in handheld devices and laptops often require synchronization with the data in a desktop machine or server. and management, and Aether Intelligent Messaging An earlier messaging system from Banyan Systems that ran on NetWare and VINES servers and incorporated Banyan's popular Streettalk directory service. It included a basic mail program, which could be upgraded to the more advanced BeyondMail system. See ePresence. (AIM(TM)), for the optimization of data transmission over wireless networks, Mobiya will allow enterprises to migrate existing data and applications to wireless devices. Both ScoutWare and AIM are components of Aether Fusion, Aether's modular and scalable technology foundation for complete wireless and mobile business solutions. Mobiya has entered into a cooperative agreement with SK Telecom, the leading wireless carrier in South Korea, to attract business customers for wireless data services. An SK Telecom executive, Man Won Jung, Vice President, Wireless Internet Business Group, will sit on the Mobiya board. The South Korean market has demonstrated a strong appetite for wireless, as evidenced by a 56 percent penetration rate for wireless voice services(1). SK Telecom owns a 41 percent market share among these subscribers. SK Telecom's networks provide Mobiya with the infrastructure to provide advanced wireless data solutions. SK Telecom offers data and voice services to its large CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. subscriber base through the advanced cdmaOne IS-95B and CDMA2000 1xRTT networks. Based on the CDMA family of protocols, SK Telecom's packet-data services allow for world-class levels of service that include pervasive coverage and superior data transfer rates. SK Telecom launched CDMA2000 1xRTT commercialized service, the first of its kind in the world, on October 1, 2000. "Backed by SK Telecom's network and SK C&C's IT experience, Mobiya has the infrastructure in place to deliver leading-edge wireless business solutions," said Brian Keane, Aether Executive Vice President, Corporate Development. "Aether views this partnership as an excellent first step in the Asian markets. We are also excited to develop wireless solutions on Mobiya's CDMA networks, among the most advanced and robust networks for wireless data in the world." "Mobiya is the first company in South Korea offering complete wireless solutions including application development, hosting, wireless airtime air·time n. 1. The time during which a radio or television station is broadcasting. Also called airspace. 2. The time at which a radio or television program is broadcast. management, and customer support," said Dr. Young Jin Hong, Mobiya's Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "With technology and financial support from Aether, a pioneer and leader in the wireless data industry, Mobiya will help launch empowering wireless data services in South Korea. Companies that deploy Mobiya wireless data services will find that doing so helps them improve productivity and efficiency, which more than offsets the initial technology investment." (1) Source - SK Telecom, May 2001 About Mobiya Headquartered in Seoul, Republic of Korea, Mobiya is the joint venture of SK C&C (a leading IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. company in Korea) and Aether Systems (a leading wireless data service provider in the U.S.). Mobiya is the first and the leading wireless application service provider (WASP wasp, name applied to many winged insects of the order Hymenoptera, which also includes ants and bees. Most wasps are carnivorous, feeding on insects, grubs, or spiders. They have biting mouthparts, and the females have stings with which they paralyze their prey. ) in Korea that helps enterprise customers easily migrate their existing IT system to wireless. Through its end-to-end service, Mobiya aims to offer enterprise customers high profitability and cost-effective services while delivering innovative, reliable, and scalable solutions to a broad range of wireless devices. For more information on Mobiya, please visit www.mobiya.com. About SK C&C SK C&C is a leading IT service provider that offers an optimally integrated IT environment to corporate customers. Through its strong partnership with leading global IT outsourcing companies List of Outsourcing Firms<ref name="who" /> Revenue (USD) Logo Company Headquarters Country of Largest Employment Service $3300 million , SK C&C is fully equipped with the required systems to serve its customers. SK C&C, as an e-Business Integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. , offers comprehensive IT services ranging from Internet infrastructure to application development and operation, to consulting and customer services, in order to empower the customers competitiveness with Korea's largest Consolidated Data Center (CDC See Control Data, century date change and Back Orifice. CDC - Control Data Corporation ) and advanced systems and processes including Service Level Agreement (SLA (1) (StereoLithography Apparatus) See 3D printing. (2) (Service Level Agreement) A contract between the provider and the user that specifies the level of service expected during its term. ). For more information on SK C&C, please visit www.skcc.com. About Aether Systems Aether Systems, Inc. is a leading provider of wireless and mobile data products and services allowing real-time communications and transactions across a full range of devices and networks. Using its engineering expertise, the ScoutWare(TM) family of products including the Aether Intelligent Messaging (AIM) software platform, and its network operations and customer care centers, Aether seeks to provide comprehensive, technology-independent wireless and mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings solutions. Aether develops and delivers wireless data services across a variety of industries and market segments in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and internationally. For more information, please visit www.aethersystems.com This press release includes forward-looking statements 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. based on current expectations and projections about future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions about Aether that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the ability of Aether and SK C&C to successfully launch the joint venture described in this release and the market acceptance of services offered by the new joint venture. These risks and other risk factors are described in Aether's report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. with respect to the fiscal year ending December 31, 2000 and other documents filed with the Securities and Exchange Commission. Aether undertakes no obligation to update the forward-looking statements contained in this press release. |
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