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Siemens Mobile Acceleration Expands to U.S. Wireless Market; European



SAN JOSE, Calif., Feb 27, 2003 (BUSINESS WIRE) -- Siemens Mobile Acceleration, a leading European early-stage wireless investor, today announced that it has launched in the United States. The wholly owned subsidiary of Siemens AG supports start-up companies developing innovative mobile voice and data applications, services and technologies. Operating from its new San Jose, California office, the company will offer early-stage investment capital, in-depth marketing expertise, and access to the Siemens Group's global research, sales and distribution networks.

"We want to tap the full potential of the most innovative companies in the U.S. wireless market," said Dr. Dietrich Ulmer, CEO and president, Siemens Mobile Acceleration. "As part of Siemens Information and Communication Mobile Group, we have the rare ability to offer start-ups unique services to pave their way into the global wireless markets. With the vast resources of the Siemens organization in hand: technical expertise, global knowledge, sales channels and the marketing network of a leading telecommunications group, we are able to provide access to the latest technologies and in-depth market know-how for our portfolio companies. Our efforts in Europe and Asia have generated impressive results. In addition, Siemens' roots in the European -- especially the German -- telecommunications business have given us an invaluable background. We are confident that we can achieve a high level of interest and success in the U.S. by acting as a global gateway for emerging companies."

Siemens Mobile Acceleration will help to establish U.S. start-up companies by providing early-stage investment capital along with a full range of services and resources. Each start-up will be assigned an Investment Director with in-depth experience in the company's particular field, offering strategic advice during each phase of the company's development. Portfolio companies will benefit from Siemens' vast sales and marketing networks with ties to more than 160 countries, facilitating their entry into global markets. Companies funded by Siemens Mobile Acceleration will be offered valuable co-marketing opportunities, including joint participation with Siemens at industry events, integration in product and service packages and customer referrals.

As one of Siemens Mobile Acceleration's portfolio company's highlights: "Siemens' support is helping us to accelerate our product development and stay ahead of the competition," said Volker Jantzen, CEO of SVOX, a text-to-speech software provider in Switzerland. "Particularly, Siemens Mobile will integrate our technology in a brand-new cordless phone and provide access to new business areas such as the automotive market. They have also helped open doors to potential customers and we have benefited immensely from services that most start-up companies don't receive, such as strategic counsel from experienced wireless and investment experts and having access to sales channels in local markets. Our partnership with Siemens has helped us achieve several milestones that would have otherwise taken far longer or might not have been accomplished at all."

About Siemens Mobile Acceleration

Siemens Mobile Acceleration is a wholly owned subsidiary of the Siemens Information and Communication Mobile Group. Founded in Munich, Germany, in 2001, Siemens Mobile Acceleration is further represented in the U.S., Stockholm, London, Paris, Milan, Dublin, Vienna as well as in Beijing and Shanghai. For more information please visit: http://www.siemens.com/mobile-acceleration.

The Siemens Information and Communication Mobile Group (Siemens Mobile) offers the complete range of mobile solutions including mobile devices, infrastructure and applications. Devices include mobile phones, wireless modules, mobile organizers and cordless phones as well as products for wireless home networks. The infrastructure portfolio includes GSM, GPRS and 3G mobile network technologies from base stations and switching systems to intelligent networks, e.g. for prepaid services. Mobile applications cover end-to-end solutions for messaging, location-based services and mobile payment. For fiscal year 2002 (September 30), Siemens Mobile recorded sales of EUR 11 billion and employed approximately 28,600 people worldwide. You can access press releases, photographs and further information on the Internet at: http://www.siemens-mobile.com/press.

Product information is available at: http://www.my-siemens.com.
CONTACT: Siemens AG Information and Communication Mobile
Peter Kellner, [phone]
or
Sterling Communications, Inc.
K.C. Du Fay, 415/749-6550
[e-mail]

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KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
SOFTWARE
NETWORKING
HARDWARE
SOURCE:
Siemens
Mobile
Acceleratio