News
Issue #2001 - 26 (June 2001)
(Updated June 27,  2001)

ACQUISITIONS, MERGERS & AGREEMENTS

Telematics Firm Cellport Gets $10 Million

BOULDER, Colo., and KYOTO, Japan, June 25, 2001 -- Seeking to set the standard for the emerging automotive telematics industry, Cellport Systems, Inc., a leading provider of automotive wireless communications technologies and products, and Omron Corporation, a diversified technology company, today announced an extensive partnership agreement to develop, produce and market globally new products and technologies to enable wireless, in-vehicle voice and data services. Cementing their relationship, Omron and Cellport systems will establish a joint venture company based in Japan. Omron also will invest approximately $10 million in Cellport Systems, and the two companies will join forces through a global partner agreement to promote open telematics technology and business.

The partnership will combine Cellport's advanced wireless, in-vehicle connectivity technologies and products with Omron's extensive machine-to-machine expertise and sensing and voice/face recognition technologies. By combining their strengths, the two companies believe they can achieve a leadership position in developing, producing and marketing innovative gateway technologies and products for delivering and accessing in-vehicle cell phone and Internet-based services.

For more information: http://www.cellport.com/News.htm

Mobileinfo Comments and Advisory: Telematics will become a big market where wireless Internet, vehicles and computing will converge to provide definite value to traveling public. Cellport could carve out a good niche in this market.

Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures.  All trademarks used in this summary are the property of their respective owners.