CellPoint Unwire Acquires Universal Information Quality AB - Uniq.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--April 4, 2001 CellPoint Unwire AB, a subsidiary of CellPoint Inc. (Nasdaq:CLPT), has acquired Swedish waste management technology company Universal Information Quality AB (Uniq). This acquisition brings Uniq's existing contracts and relationships with many of the world's largest waste management companies. Unwire's partners and distributors will be marketing Uniq's solutions to their customers, with immediate effect. In collaboration with its partners, including CellPoint Unwire, Uniq has developed a unique technology called WasteMapping. WasteMapping is a software and hardware solution that facilitates the planning of waste disposal schedules. Important statistics, such as when a dustbin / waste container A waste container (known more commonly in British English as a dustbin, rubbish-bin, ashcan or simply bin and American English as a trash can) is a container, which is usually made out of metal or plastic.[1]. has been emptied and its weight at collection can also be gathered through the system. Through CellPoint Unwire's wireless applications and the GSM network, waste managers receive an alarm when it is time to emptying refuse containers. An important aspect of the system is that refuse companies are now able to make big savings by using waste mapping, thereby minimizing the sources of error - such as unnecessary visits for refuse collections. Indeed, in a recent Government awards scheme called Miljoteknik (Environmental Technology), WasteMapping caught the attention of the judges because of its environmentally beneficial credentials. "Through the acquisition of Uniq we can now offer the market and systems integrators a complete solution for waste management and refuse container management," says Michael Wallon, Vice President, Market & Business Development at CellPoint Unwire AB. "Since WasteMapping is unique - indeed a patent application has already been filed - we now have a leading position in this market." Wallon concludes, "We are pleased to now be able to offer our customers and partners a "plug & play" solution for waste management logistics; this is an ideal introduction to 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 (machine-to-machine) technology for environmental management companies that are considering partial automation of their refuse collection systems." Kaj Gellberg, 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 Uniq adds, "I have worked very closely with Unwire in the development of WasteMapping. Since it is now ready to deploy outside Sweden I am very happy to 'hand over the baton' to CellPoint Unwire who have the international presence to bring WasteMapping to a global audience." Gellberg, who through the acquisition becomes an employee of CellPoint Unwire, will continue to work on the development of WasteMapping. The acquisition will not have an immediate impact on CellPoint's balance sheet or revenues, but will take CellPoint Unwire to a leading position in a rapidly expanding market sector. CellPoint Inc. (Nasdaq & OM Stockholm exchange: CLPT, www.cellpoint.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 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. services in co- operation 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(TM) for mobile resource management, iMate(TM) for location-sensitive information and Finder(TM), an application for locating friends and family. Subsidiary Unwire's programmable telemetry terminal servers are also integrated with the CellPoint System Platform enabling a broad range of applications for wireless remote management and control. CellPoint(TM), Finder, Resource Manager, iMate 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. 2001 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/04/04/20010404BIT00770/bit0002.doc http://www.bit.se/bitonline/2001/04/04/20010404BIT00770/bit0002.pdf |
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