Aether Systems Invests $20 Million In Novatel Wireless, A Leading Manufacturer of Wireless Modems.Business Editors OWINGS MILLS, Md.--(BUSINESS WIRE)--July 11, 2000 Aether Systems, Inc. (Nasdaq:AETH), a leading provider of wireless data products and services, announced today that the company has completed a $20 million strategic investment in Novatel Wireless Novatel Wireless, Inc. (NASDAQ: NVTL) is a San Diego, California-based designer and manufacturer of wireless broadband access solutions. With European offices in United Kingdom, Germany, and France, Novatel Wireless owns 30 technology patents relating to wireless voice and , Inc. Novatel Wireless designs, manufactures and markets wireless Internet solutions for business professionals and end consumers, including wireless palmtop palmtop or hand-held personal computer, lightweight, small, battery-powered, general-purpose programmable computer. It typically has a miniaturized full-function, typewriterlike keyboard for input and a small, full color, liquid-crystal display modems for Palm OS(TM) and Microsoft(R) Pocket PC devices It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. This is a list of Pocket PC and Windows CE devices, and companies that make, or have made, them. , wireless PC cards and serial modems for laptop and desktop computers, and wireless embedded modules for custom integration projects. "We are very pleased to receive this strategic investment from Aether Systems, to continue development of products for the fast-growing wireless data market," said Melvin Flowers, chief financial officer of Novatel Wireless, Inc. "We look forward to a long-lasting partnership with Aether." "Aether and Novatel Wireless have enjoyed a successful relationship, working together to provide leading wireless solutions," said David S. Oros, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Aether Systems. "As the market for wireless data continues to grow, we hope this investment will help Novatel Wireless and Aether take advantage of the opportunities that await." About Aether Systems, Inc. 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, the 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) software platform, and its network operations and customer care center, 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. Additional information about Aether is available at www.aethersystems.com. |
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