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Kontron AG Extends Tender Offer for Kontron Mobile Computing Inc. Shares.


ECHING & MUNICH, Germany -- Kontron AG announced that it has extended its tender offer (the "Offer") for all of the outstanding shares of Kontron Mobile Computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings  Inc. ("Kontron Mobile") (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:KMBC KMBC Kentucky Mountain Bible College
KMBC Kickapoo Mountain Bike Club (Champaign, IL) 
) not owned by Kontron AG at a price of $0.55 per share, net in cash, until 5:00 p.m., New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 time on August 6, 2004. The Offer period is being extended to provide Kontron AG and KAC Acquisition Inc. ("KAC Acquisition") additional time to acquire a sufficient number of shares so that after the Offer they own at least 90% of the voting securities of Kontron Mobile (the "Minimum Condition"). If sufficient shares to meet the Minimum Condition are not tendered by the Expiration Date Expiration Date

The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.

Notes:
The expiration date for all listed stock options in the U.S.
, Kontron AG and KAC Acquisition intend to terminate the Offer and not accept any of the tendered shares. Approximately 4,507,703 shares have been tendered to date. The shares tendered to date, when added to the shares already held by Kontron AG represent approximately 87% of the outstanding voting securities of Kontron Mobile.

The Depositary for the tender offer is American Stock Transfer & Trust Company, 59 Maiden Lane, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, NY 10038.

The Information Agent for the tender offer is Morrow & Co. Inc. 445 Park Avenue, New York, NY 10022.

This announcement is neither an offer to purchase nor a solicitation of an offer to sell shares of Kontron Mobile. Kontron AG has filed tender offer materials with the SEC. The tender offer materials (including an offer to purchase, a related letter of transmittal Letter of Transmittal

A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
 and other offer documents) contain important information, which should be read carefully before any decision is made with respect to the offer. The offer to purchase, the related letter of transmittal and certain other offer documents, will be made available without charge to all shareholders of Kontron Mobile. The tender offer materials (including the offer to purchase, the related letter of transmittal and all other documents filed with the SEC) are available for free at the SEC's Web site at www.sec.gov.

The tender offer statement and related materials may be obtained for free by directing such requests to Morrow See To-morrow in the Vocabulary.

See also: Morrow
 & Co. Inc., 445 Park Avenue, New York, NY 10022, or by calling toll free 800-607-0088.

Kontron AG is headquartered in Eching/Munich, Germany. Other locations are in Kaufbeuren, Germany; Deggendorf, Germany, Minneapolis; San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. ; Montreal; and Taipei, Taiwan. Kontron AG develops, produces and distributes its products worldwide. With strategic investments into selected enterprises, Kontron AG concentrates primarily on the telecommunications, automation and mobile computer markets. Kontron AG employs over 1000 people worldwide and is quoted at the German "new market" (under "KBC KBC Kenya Broadcasting Corporation
KBC Kaun Banega Crorepati (Indian TV show)
KBC Koahnic Broadcast Corporation (Anchorage, Alaska)
KBC Keyboard Connector
KBC Kill Before Capture
") and is a member in the TecDAX 30.

Kontron Mobile was incorporated in Minnesota in 1992 under its former name of FieldWorks Inc., and is dedicated to the development and sale of rugged portable computing solutions. Kontron Mobile is part of the worldwide group of Kontron AG companies, owned or principally owned by Kontron AG. Over the past several years, Kontron Mobile has evolved its strategy to focus on designing and providing industry-specific field technology solutions.

This press release contains forward-looking statements concerning expectations, anticipations, beliefs, hopes, intentions or strategies for the future. Readers are cautioned not to place undue reliance on forward-looking statements. All such forward-looking statements are based upon information available to Kontron AG on the date this release is issued. Kontron AG undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in forward-looking statements.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 23, 2004
Words:609
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