Electrolux Chooses CellPoint Unwire for Refrigeration Management Telematics Solution.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 23, 2001 CellPoint Unwire, a division of CellPoint Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLPT)(SSE (1) An earlier full-screen editor in OS/2. (2) (Streaming SIMD Extensions) A series of additional instructions built into Pentium CPU chips for improved multimedia performance by performing mathematical operations on multiple sets of data at the :CLPT.), has been chosen by Electrolux Professional AB FSE FSE 1. feline spongiform encephalopathy. 2. focal symmetrical encephalomalacia. (Food Service Equipment) division in Sweden to supply a remote refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. monitoring and management system, FreezeWatch(TM), that can be incorporated into Electrolux's industrial, medical and commercial cold storage units. The new system will be available as an option to Electrolux's range of professional cold stores and refrigeration systems. "This is Electrolux's first step into the cutting-edge world of telematics and 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) communication technology," says Pelle Lidberg, who has responsibility for the technical department at Electrolux Professional AB FSE. "FreezeWatch opens up new opportunities for Electrolux and its customers and we can already see a broad range of applications for the system in medical, industrial and commercial environments." Built on CellPoint Unwire's Wireless Application Server (WAS) platform, FreezeWatch is a state-of-the-art system that monitors temperature and sends alarms, via the GSM network, to control systems and relevant personnel when temperatures exceed, or fall below, a given range. Using the system, companies and institutions, such as medical laboratories, now have a cost-effective alternative to expensive private radio solutions. "I am extremely pleased to announce this cooperation with Electrolux - one of Sweden's most world-renowned companies," comments David Ericksson, President of CellPoint Unwire. "I believe that other major suppliers of professional refrigeration systems, worldwide, will follow the lead of Electrolux by installing FreezeWatch with their equipment." Electrolux commenced installation of FreezeWatch in May 2001, with an open-ended contract and an initial order of 10 units. CellPoint Unwire estimates the market potential for FreezeWatch in Europe to be approximately 200,000 units over the next three years. David Ericksson concludes, "The benefits for users are plain to see: cost efficiency, system security and peace of mind." About Electrolux Electrolux is the world's largest producer of powered appliances for kitchen, cleaning and outdoor use, such as refrigerators, washing machines, cookers, vacuum cleaners, chain saws, lawn mowers, and garden tractors. In 1999, Group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. were SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 120 billion and the Group had 93,000 employees. Every year, customers in more than 150 countries buy more than 55 million Electrolux Group products for both consumer and professional use. The Electrolux Group includes famous appliance brands such as AEG AEG Aeger (Latin: Sick) AEG Allgemeine Elektrizitäts-Gesellschaft (Common Electricity Company) AEG Aircraft Evaluation Group AEG Association of Engineering Geologists AEG Air Expeditionary Group , Zanussi, Frigidaire, Eureka, and Husqvarna. CellPoint Unwire AB (www.unwire.com ) is a division of CellPoint Inc., one of the worldwide leaders in mobile positioning The ability to pinpoint the location of a mobile caller or vehicle in transit. These location-based services (LBS) are used for emergency purposes as well as enhanced business applications such as location-sensitive billing, traffic updates, fleet management and asset and people tracking. and M2M solutions. CellPoint 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's application areas include remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a , access control, logistics management, vending systems management, micro- payments, M-commerce and inventory management. Unwire's programmable 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. terminal servers are also integrated with the CellPoint System Platform enabling a broad range of applications for wireless remote management and control. CellPoint Inc. (Nasdaq and Stockholm OM Exchange: CLPT, www.cellpoint.com) is a US company with subsidiary operations in Sweden, Great Britain and South Africa delivering location and wireless telemetry services in cooperation with cellular operators worldwide. CellPoint's end-to-end cellular location technology is a high-capacity system that 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, 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 Location Platform enabling a broad range of applications for wireless remote management and control. 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 that 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/2001/05/23/20010523BIT00720/bit0001.doc ------------------------------------------------------------------- http://www.bit.se/bitonline/2001/05/23/20010523BIT00720/bit0001.pdf ------------------------------------------------------------------- |
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