CellPoint's Unwire Signs Ericsson as Strategic Partner in Asia.Business/Technology Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 8, 2000 Unwire, a subsidiary of CellPoint Inc (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :CLPT)(www.cellpt.com) and Ericsson Business Consulting (Nasdaq:ERICY) have signed an agreement for Ericsson to deliver solutions in South East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. based on Unwire's programmable GSM terminals. Ericsson has initially committed to buy several hundred terminals from Unwire and has employed project leaders and sales staff to sell the new solutions enabled by Unwire's technology. Michael Wallon, interim President of Unwire, said, "The Ericsson agreement is a milestone for Unwire and a proof that we are heading in the right direction. This is one of a couple of very important steps for the globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation of our products." Ericsson has begun focusing on development using Unwire's GSM terminal platforms that allow applications to be added to common equipment as an alternative to custom installation and programming of motherboards on millions of devices that already exist. Ericsson has also commissioned Unwire to work with its staff in developing applications on Unwire's GSM telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the terminals in the fast growing Asian markets. "Starting with a multinational company with thousands of machines, Ericsson has many other very interesting applications planned for delivery using our technology platforms," continues Wallon. The first such solution was shown at an exhibition in Kuala Lumpur Kuala Lumpur (kwä`lə l  m`pr), city (1990 est. pop. , Malaysia
in late April. Unwire's commercial software application library is
also being made available to Ericsson, allowing them to deliver standard
solutions that are already proven in commercial use which means time to
market for Ericsson.
Unwire AB (www.unwire.com) is a wholly-owned subsidiary of CellPoint Inc. Unwire develops and manufactures wireless telematics terminals and is considered to be a leading company in the world for innovative wireless telematics services. "At CeBIT in Germany this year, we had thousands of visitors to our Stand," said Michael Wallon of Unwire. "We demonstrated telematics services and techniques that are totally unique and for the second year in a row, we have not seen anything similar from any other company in the world." Unwire has two GSM Server terminals products, the UP 100 and UP 200. A GSM wireless terminal, unique software is written for each new application, and Unwire has a growing software library of commercially deployable applications. The terminal connects to a serial interface and becomes the interface to machinery and other equipment. CellPoint Inc. (NASD:CLPT)(www.cellpt.com) is a US company with subsidiary operations in Sweden, Britain and South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. delivering positioning and telematics services in co-operation with cellular operators worldwide. Several commercially available services are based on the CellPoint System(TM) technology that uses GSM cellular networks to determine physical locations of cellular phones and Internet applications to present results and manage location and wireless telematics services. CellPoint currently has the world's only end-to-end commercial service offerings for digital cellular location technology; it is fully scalable, works with standard GSM phones and WAP phones in unmodified Adj. 1. unmodified - not changed in form or character unqualified - not limited or restricted; "an unqualified denial" modified - changed in form or character; "their modified stand made the issue more acceptable"; "the performance of the modified aircraft digital networks, and can be co-ordinated worldwide from a remote central location. Unwire AB (www.unwire.com) 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 CellPoint Inc., develops and manufactures telematics terminals and is considered to be a leading company in the world for innovative wireless telematics services. GSM accounts for more than 66% of the world digital cellular market with more than 285 million subscribers worldwide. Estimates for cellular phone usage are now at 1.5 billion users by 2005, with GSM accounting for two-thirds of the total market, and one billion mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. users by 2005. CellPoint and CellPoint Systems are trademarks of CellPoint Inc. 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. 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. Investors are cautioned that such forward-looking statements involve risk and uncertainties which may cause actual results to differ from those described. Copyright (c) CellPoint Inc. 2000 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion