Kipling Closes Largest Deal Ever for Positioning Systems.Business Editors KARLSKRONA, Sweden--(BUSINESS WIRE)--Feb. 5, 2001 Kipling Holding AB (Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. : KIPL), a leading provider of mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. products and services, today announced a deal worth approximately 3MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner with IVU Traffic Technologies AG, a leading German supplier of IT software systems focusing on e-logistics and m-business solutions. The deal includes licenses of Kipling's Motion Mobile Location System, a location-based platform as well as professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. . "IVU looked into several suppliers but chose Kipling as supplier since they can provide a complete solution with both products and consulting," says Dr. Manfred Garben, member of IVU's Executive Board. "Kipling also focuses on developing the best system platform possible, and do not sell it integrated with applications. IVU is niched on the attractive information and transport logistics market, a market where we expect incomes immediately. Kipling has an excellent record driving the development of fast-growing global telecom businesses, and together we will focus on development of mobile services." "The German market is particularly competitive and the deal with IVU is therefore very prestigious," says Gustaf Ekberg, 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 Kipling Holding AB. "The cooperation with IVU will be expanded during 2001 and we foresee an integration of the Motion platform with the IVU platform to be jointly offered to selected markets worldwide." About Kipling Kipling develops system platforms and applications for the telecom industry, along with high quality consultant services. Kipling's products and services, based on unique competence and long telecom experience, offer customers new business opportunities. The product family Motion is the result of long telecom experience and leading edge technology in the mobile telecom sector. The group has six subsidiary companies 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 Brazil. The Parent Company is Kipling Holding AB. Kipling shares are quoted on the O-list of the OM Stockholm Stock Exchange. Joint venture partners include SmartTrust, EHPT EHPT Ericsson Hewlett Packard Telecommunications and Aspiro. For further information please visit www.kipling.se. About IVU IVU Traffic Technologies AG is the leading supplier of IT software systems for optimising traffic logistic processes (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ). The company develops IT solutions for positioning via standard mobile telecommunication equipment (GSM) and helps, thus, to enable applications for location based services. Technological know-how and experience spanning a quarter of a century guarantee highest competence as an innovative specialist for e-logistics and m-business. IVU Traffic Technologies AG focuses its activities on the integration of modern information and communication technologies such as mobile communications, telematics, and the Internet. With more than 230 employees IVU Traffic Technologies AG's revenues in 2000 DM 34.5 million (preliminary). IVU was successfully taken public on the Neuer Markt of the Frankfurt stock exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. on July 7, 2000. For further information please visit www.ivu.de. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/05/20010205BIT00110/bit0001.doc http://www.bit.se/bitonline/2001/02/05/20010205BIT00110/bit0002.pdf |
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