CellPoint Subsidiary Unwire Signs $2.8 Million Contract.Business/Technology Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Sept. 8, 2000 Mobile phone users in Ireland will soon be able to buy from vending machines using their mobile phones, thanks to a $2.8 million technology deal between CellPoint (Nasdaq:CLPT) subsidiary Unwire and integrated mobile technologies specialist ItsMobile.com. Under the two-year contract, Unwire will provide 8,500 telematics servers to ItsMobile.com for use in GSM-based machine-to-machine solutions for vending machines and parking services. ItsMobile.com can also utilize CellPoint's GSM positioning services for its vehicle fleet dispatch. Unwire's wireless telematics terminals and applications provide remote management and control of machines and equipment through GSM networks. ItsMobile develops mobile commerce applications and telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. solutions for cellular operators and mobile ISPs across Europe. Commented 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. Donal McGuinness: "Thanks to Unwire's GSM-servers, we don't have to develop our own platforms, so we can focus on what we do best - the applications. We intend to use the Unwire product suite to roll out our telemetry and positioning applications and see Unwire as a critical element for our SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. and telemetry based services." The Unwire telematics terminals will be programmed as SMS (Short Messaging See SMS. Service) servers and function as a combined computer and GSM phone. They are small enough to be integrated into almost any vending machine or mechanical device. When fully functional, the user can have any purchases billed automatically to his or her mobile phone account. Said David Ericksson, President of Unwire, "This is one of many new contracts to come for Unwire and is another breakthrough for the telematics industry. Machine-to-Machine, or M2M M2M Machine-to-Machine (communication, mainly mobile) M2M Minutes to Midnight (Linkin Park album) M2M Mobile to Mobile (cellular phone) M2M Member-to-Member M2M Month to Month is a market that will explode in the near future and we intend to be one of the leading companies." 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. Unwire has four universal GSM Server terminal products, the UP 100, UP 200, GT-1 and GT-3. Each can be used for measuring, control, communication and positioning. Unique software is written for each new application, and Unwire has a growing software library of commercially deployable applications. CellPoint Inc. (Nasdaq:CLPT)(www.cellpt.com) is a US company with subsidiary operations in Sweden, Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as 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 location and wireless telematics services in cooperation with cellular operators worldwide. CellPoint's end-to-end cellular location technology works in unmodified GSM networks and uses standard GSM or WAP phones and standard Internet services. Several commercial applications are available for business and personal location services including Resource Manager(TM) for mobile resource management and Finder(TM), an application for locating friends and family. ItsMobile (www.itsmobile.com) is an Irish company that specializes in integrating mobile technologies for machine-to-machine (M2M) applications. With a view to enable the mobile generation, ItsMobile targets the European and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. markets with integrated telematics solutions across a broad industrial prospect base. A member of the Bluetooth Special Interest Group The Bluetooth Special Interest Group (SIG) is the body that oversees the development of Bluetooth standards and the licensing of the Bluetooth technologies and trademarks to manufacturers. , ItsMobile is a complete mobile commerce service enabler for cellular operators and mobile ISP's. CellPoint, Finder(TM) and Resource Manager(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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