CellPoint Appoints President of Subsidiary Unwire.Business/Technology Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 11, 2000 CellPoint Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :CLPT)(www.cellpt.com) announces that David Ericksson has been appointed President of Unwire AB. An M.Sc. graduate in Industrial and Management Engineering at University of Technology Linkoping, Sweden, David Ericksson has more than 15 years of experience in development and internationalization The support for monetary values, time and date for countries around the world. It also embraces the use of native characters and symbols in the different alphabets. See localization, i18n, Unicode and IDN. internationalization - internationalisation of high technology companies. Over the last five years, Ericksson has been in top management positions in such diverse fields as telecommunications, biotech, traffic management, and non-invasive quality control. Michael Wallon, co-founder of Unwire and recently acting President, said "We have guided the company through critical development and commercialization stages and by appointing David Ericksson we now have the leader that will take Unwire through 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 technology and applications." Unwire has numerous strategic alliances already with GSM operators, customers and partners, and in recent events has announced agreements with Ericsson, Europolitan, Teligent, Allhabo Doors, SOS SOS, code letters of the international distress signal. The signal is expressed in International Morse code as … — — — … (three dots, three dashes, three dots). Alarm, PM-Luft, Kipling and Electrolux. "We routinely see predictions of more than one billion GSM cell phones by 2005, but this number is only a small percentage of the potential applications of our wireless technology for machine-to-machine 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 across all industries," said David Ericksson. "We will continue to make strategic moves in Unwire to secure and extend Unwire's position as a world leader in telematics." Telematics involves wireless remote management and control of machines and equipment. The field of applications spans many industries within transport and logistics, alarm and security, process control, service and retail and includes applications for logistics, alarm management, elevator systems, vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. , container management, meter reading, fleet management, quality control, cash and ATM terminals, gate and door management, security, supervision and service information. Unwire AB (www.unwire.com) is a wholly-owned subsidiary of CellPoint Inc. Unwire develops and manufactures wireless telematics terminals, designs wireless applications 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. 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 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 standards in GSM, WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. and the Internet. 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(TM) and CellPoint Systems(TM) 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 info@cellpt.com |
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