TERRESTAR CORPORATION, EB (ELEKTROBIT) AND FLEXTRONICS AGREE ON
MANUFACTURING SERVICES FOR TERRESTAR
(Thomson Reuters ONE) - PRESS RELEASEFree for publication, December 2, 2009TERRESTAR CORPORATION, EB (ELEKTROBIT) AND FLEXTRONICS AGREE ONMANUFACTURING SERVICES FOR TERRESTAR GENUS, THE FIRSTSATELLITE-TERRESTRIAL SMARTPHONEElektrobit Inc, a subsidiary of EB, Elektrobit Corporation (OMX:EBC1V), a leading developer of cutting-edge embedded technologysolutions for automotive and wireless industries, and mobilecommunications provider TerreStar Corporation (NASDAQ: TSTR), haveexpanded their relationship to include EB's provision of turnkeyproduct delivery services to TerreStar for the TerreStar(TM)GENUS(TM) Smartphone, an EB design. EB has sub-contracted withleading Electronics Manufacturing Services (EMS) provider Flextronics(NASDAQ: FLEX), to help provide these product delivery services.The TerreStar GENUS Smartphone is an innovative mobile device thatcombines 3G terrestrial wireless capability with satellite voice anddata services - all in a standard smartphone size and form factor.The TerreStar GENUS provides an enhanced end-user experience byleveraging the Windows Mobile® 6.5 operating system, rich smartphonefunctionality and premium features, such as a touchscreen, WiFi,Bluetooth®, GPS and a QWERTY keyboard, with satellite ubiquity andsecurity. The TerreStar GENUS can be used throughout the UnitedStates, Puerto Rico, the U.S. Virgin Islands and offshore coastalwaters, and is intended to work as a user's everyday cellularsmartphone, with satellite access capability as a secondary option,when needed.To provide TerreStar the agreed product delivery services, EB hassub-contracted with Flextronics for comprehensive electronicsmanufacturing services, forward and reverse logistics, andaftermarket services support. This partnership will provide TerreStarwith cost efficient manufacturing and complete supply chainvisibility for the TerreStar GENUS Smartphone. By working with EB andits partner network, TerreStar can align its business objectives withdevice demand and an ongoing logistics and product lifecyclestrategy."We remain committed to transforming the mobile experience bybringing the next generation of handheld solutions to market thatwill provide true mobile convergence and ubiquitous voice, data andvideo access across cellular and satellite connectivity options,"said Steve AuBuchon, TerreStar's vice president of productmanagement. "Partnering with EB and Flextronics was a strategic move,as each brings extensive expertise from across the wireless valuechain to enable TerreStar to quickly and cost-effectively meet itsaggressive go-to-market initiatives."Flextronics was chosen for its proven track record of delivering costeffective manufacturing and logistics services to OEMs of mobiledevices. They will manufacture and provide support services initiallyfrom its Linkoping, Sweden location."We understand TerreStar's need to assemble the right set of productdelivery business assets to enable them to bring this new category ofintegrated satellite-terrestrial devices to market," said FrancoisBarbier, President Global Operations, Flextronics. "Our goal is towork closely with EB to ensure TerreStar has an efficient supplychain; offering operational advantages based on fewer touch pointsand lower cost. Our SBS (Special Business Solutions) organizationenables our Customers to utilize Flextronics scalability to supportfuture business growth. This is another great win for our SBS team."The terms of today's agreement with TerreStar highlight EB's newlyannounced business model to offer complete products leveragingmanufacturing partners. This service is in addition to EB's currentservice offering: pairing EB's technology assets and advancedresearch and development services with third party components toengineer creative wireless ecosystems."We are pleased to expand our long-standing relationship withTerreStar to include product delivery services, as we continuallylook to offer as much value as possible in every businessrelationship we engage in," said Jani Lyrintzis, vice president,Wireless Solutions, EB. "Together with our partners, we are workingto deliver the first satellite-terrestrial smartphone to one of theworld's most recognized mobile operators."Further information:Ari VirtanenExecutive Vice President, Wireless SolutionsEB, ElektrobitTel. +358 400 435 878Jani LyrintzisVice President, Wireless SolutionsEB, ElektrobitTel. +1 425 444 2830Distribution:Principal mediaAbout TerreStar CorporationTerreStar Corporation is the controlling shareholder of TerreStarNetworks Inc. and TerreStar Global Ltd. For additional information onTerreStar Corporation, please visit the company's website atwww.terrestarcorp.com.About TerreStar Networks Inc.TerreStar Networks (www.terrestar.com), a majority owned subsidiaryof TerreStar Corporation (NASDAQ: TSTR), plans to offer a reliable,secure and resilient satellite terrestrial mobile broadband networkthat will provide voice, data and video services dedicated to helpingsolve the critical communication and business continuity challengesfaced by government, emergency responders, enterprise businesses andrural communities. TerreStar expects to offer next generation mobilecommunications through a network of partners and service providers tousers who need "anywhere" coverage throughout the United States.About FlextronicsHeadquartered in Singapore (Singapore Reg. No. 199002645H),Flextronics is a leading Electronics Manufacturing Services (EMS)provider focused on delivering complete design, engineering andmanufacturing services to automotive, computing, consumer,industrial, infrastructure, medical and mobile OEMs. Flextronicshelps customers design, build, ship, and service electronics productsthrough a network of facilities in 30 countries on four continents.This global presence provides design and engineering solutions thatare combined with core electronics manufacturing and logisticsservices, and vertically integrated with components technologies, tooptimize customer operations by lowering costs and reducing time tomarket. For more information, please visit www.flextronics.com.About EB (Elektrobit Corporation)EB creates advanced technology and turns it into enriching end-userexperiences. EB is specialized in demanding embedded software andhardware solutions for wireless and automotive industries. The netsales for the year 2008 totalled MEUR 172.3. Elektrobit Corporationis listed on NASDAQ OMX Helsinki. www.elektrobit.com.Windows Mobile is a registered trademark of Microsoft Corporation.Bluetooth is a registered trademark of Bluetooth SIG.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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