CellPoint Subsidiary Unwire Signs $8 Million Contract German Company Commits to 24,000 Telematics Terminals.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--Aug. 28, 2000 CellPoint (Nasdaq: CLPT; www.cellpt.com) subsidiary Unwire has signed an agreement with the German systems integrator PhoneTrans AG. PhoneTrans, a preferred vendor in the German vending machine 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. market, has committed to purchase a minimum of 24,000 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 from Unwire over 29 months. "We are confident that Unwire's terminals and applications are the right products for our target customers," said Peter Dunkhorst, Chief Executive Officer of PhoneTrans. "Quality, experience and flexibility where critical factors for us in the selection process of a telematics provider, and Unwire proved to have the strongest portfolio." David Ericksson, President of Unwire, said, "This is one of many contracts to come for Unwire. It is a major breakthrough not only for Unwire but also for the telematics industry as a whole. Even though the total value of this order is in the region of $8 million it is only a fraction of the market forecast for telematics terminals which is projected to grow by 200 million terminals per year, reaching 2.5 billion terminals this decade. We are very confident of the strong position we have today and for the future." In the vending machine marketplace, Unwire's terminals will automatically notify owners of low stock levels, saving companies time and money by ensuring stock levels are always there. Complementary services from CellPoint can allow the closest service personnel to be dispatched. It is also possible to add functions to vending machines so that purchasers will be able to buy items from vending machines using their mobile phone. 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 (Global System for Mobile Communications) A digital cellular phone technology based on TDMA that is the predominant system in Europe, but also used worldwide. Developed in the 1980s, GSM was first deployed in seven European countries in 1992. Server terminal products, the UP 100, UP 200, GT-1 and GT-3. 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. 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, container management, meter reading, fleet management, quality control, cash and ATM terminals, gate and door management, security, supervision and service information. CellPoint Inc. 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 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 GSM networks and uses standard GSM or WAP phones WAP phone n → teléfono WAP and standard Internet services. Several commercial applications are available for business and personal location services See mobile positioning. including Resource Manager@ for mobile resource management and Finder@, an application for locating friends and family. PhoneTrans AG is a German company that specializes in machine-to-machine applications for vending machines and other equipment. PhoneTrans delivers complete systems including hardware and applications in the German market. CellPoint, Finder@ and Resource Manager@ 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 This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/28/20000828BIT00840/bit0001.doc http://www.bit.se/bitonline/2000/08/28/20000828BIT00840/bit0002.pdf |
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