Christer Forsstrom New CEO of CellPoint Systems.STOCKHOLM, Sweden--(BUSINESS WIRE)--Sept. 24, 1998--Christer Forsstrom has been appointed the new 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. and a member of the board of CellPoint Systems AB. He has also been appointed to the board of Technor International Inc. Christer Forsstrom was previously CEO of the Swedish national broadcasting company Noun 1. broadcasting company - a company that manages tv or radio stations company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" TV4 and has a long international experience as former vice president of the multinational corporation multinational corporation, business enterprise with manufacturing, sales, or service subsidiaries in one or more foreign countries, also known as a transnational or international corporation. These corporations originated early in the 20th cent. Electrolux. CellPoint Systems AB is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Technor International Inc. Technor markets GSM-based positioning and telematics systems. Forsstrom explains: "The CellPoint System is a unique product on the world market with huge potential. The system can monitor, control and position everything, everywhere within the digital cellular world. I will concentrate my efforts on infrastructure and our international expansion, mainly in Europe." The telematics services can be tailored to accomodate the needs of the varying client base, such as alarm systems, building and facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. , industrial monitoring and control. The services are delivered via SMS messages through a robust communication system working within the GSM network. The system can handle demanding applications in both volume and complexity. Peter Henricsson, chairman of Technor International Inc., makes the following statement: "We are very happy to have appointed Christer Forsstrom as CEO of CellPoint. That makes it possible for Technor to continue our rapid growth by focusing on overall strategies and forming new alliances for the CellPoint technology." CellPoint Systems AB is a wholly owned subsidiary of Technor International Inc. (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). BB:TNOR). CellPoint sells, distributes and supports the CellPoint System -- a GSM based system for positioning and telematics services. Technor International owns 25% of WASP International Ltd., developers of the technology, and has an option of acquiring the remaining 75%. |
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