CellPoint Appoints Stephen Childs to the Board of Directors; Company Continues to Position Itself for the Future in Wireless.Business/Technology Editors LONDON--(BUSINESS WIRE)--May 25, 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 Stephen Childs has joined the Board of Directors. "Mr. Childs is a long time telecom professional with broad international experience and will make significant contributions to the CellPoint companies," said Peter Henricsson, 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 CellPoint Inc. Stephen Childs was most recently Group Director - New Business Ventures for Orange PLC in the UK where he was responsible for the expansion of Orange into new ventures in the UK, Europe and 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. . He was also on the boards of KPN KPN Koninklijke PTT Nederland (Royal Dutch Telecom) KPN Konfederacja Polski Niepodleglej (Polish conservative party) Orange of Belgium and Orange of Switzerland. "I see CellPoint as being very advanced in location services See mobile positioning. and technology," said Childs. "Location is a core wireless technology - a cornerstone of the Mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. with even greater necessity in the future with the advent of WAP phones that will establish many new applications for business and personal markets." Childs has also held senior management positions with Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. , US West in Russia, and Million in Pakistan. Childs entered the mobile wireless industry the early 1980's as the General Manager for McCaw Cellular Communications establishing cellular operations in California and Nevada. London Office On-Line CellPoint has opened the London office and launched CellPoint Systems Europe Ltd. Employees from the Swedish subsidiary in management, marketing, sales, products and services will be relocating to London this summer, led by Johan Falk. CellPoint Systems AB in Sweden will continue to house the 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. Innovation and Development Center team, now 15 people strong. Nordic sales activities, technical operations and support will also remain in Sweden, and the core system development group will remain in Johannesburg, 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. , led by Albert van Urk, Vice President of Technology. Harald Nabseth, an 11-year telecom veteran of Ericsson and Nokia, will be the location manager for CellPoint Sweden. Hadar Cars has chosen to remain in Sweden to pursue other interests. "CellPoint Europe is in the process of naming a group CEO for the expanded CellPoint operating companies," said Peter Henricsson, Chairman of CellPoint Inc. and acting CEO of CellPoint Europe. "We expect to make the final selection in the next few weeks and have been targeting senior wireless industry people with strong experience in the GSM operator environment. CellPoint recently disclosed more than 10 installations of the CellPoint System en route to commercial deployment in the coming months. CellPoint currently has the CellPoint System technology installed with five GSM operators in Europe and South Africa and leads the world in commercial wireless positioning technology and services. CellPoint subsidiary Unwire, specializing in wireless 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 , is also an innovator in the wireless field, using GSM networks for remote management and control. CellPoint Inc. (NASD: CLPT; www.cellpt.com) is a US company with subsidiary operations in Sweden, Britain and South 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 and works with standards in GSM, WAP 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 users by 2005. CellPoint(TM) and CellPoint Systems(TM) are trademarks of CellPoint Inc. 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. 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 |
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