TerreStar Corporation, EB (Elektrobit) and Flextronics Agree on Manufacturing Services for TerreStar GENUS, the First Satellite-
02 Décembre 2009 - 8:00AM
PR Newswire (US)
OULU, Finland, RESTON, Va. and SINGAPORE, Dec. 2 /PRNewswire/ --
Elektrobit Inc, a subsidiary of EB, Elektrobit Corporation (OMX:
EBC1V), a leading developer of cutting-edge embedded technology
solutions for automotive and wireless industries, and mobile
communications provider TerreStar Corporation (NASDAQ:TSTR), have
expanded their relationship to include EB's provision of turnkey
product delivery services to TerreStar for the TerreStar(TM)
GENUS(TM) Smartphone, an EB design. EB has sub-contracted with
leading Electronics Manufacturing Services (EMS) provider
Flextronics (NASDAQ: FLEX), to help provide these product delivery
services. The TerreStar GENUS Smartphone is an innovative mobile
device that combines 3G terrestrial wireless capability with
satellite voice and data services - all in a standard smartphone
size and form factor. The TerreStar GENUS provides an enhanced
end-user experience by leveraging the Windows Mobile® 6.5 operating
system, rich smartphone functionality and premium features, such as
a touchscreen, WiFi, Bluetooth®, GPS and a QWERTY keyboard, with
satellite ubiquity and security. The TerreStar GENUS can be used
throughout the United States, Puerto Rico, the U.S. Virgin Islands
and offshore coastal waters, and is intended to work as a user's
everyday cellular smartphone, with satellite access capability as a
secondary option, when needed. To provide TerreStar the agreed
product delivery services, EB has sub-contracted with Flextronics
for comprehensive electronics manufacturing services, forward and
reverse logistics, and aftermarket services support. This
partnership will provide TerreStar with cost efficient
manufacturing and complete supply chain visibility for the
TerreStar GENUS Smartphone. By working with EB and its partner
network, TerreStar can align its business objectives with device
demand and an ongoing logistics and product lifecycle strategy. "We
remain committed to transforming the mobile experience by bringing
the next generation of handheld solutions to market that will
provide true mobile convergence and ubiquitous voice, data and
video access across cellular and satellite connectivity options,"
said Steve AuBuchon, TerreStar's vice president of product
management. "Partnering with EB and Flextronics was a strategic
move, as each brings extensive expertise from across the wireless
value chain to enable TerreStar to quickly and cost-effectively
meet its aggressive go-to-market initiatives." Flextronics was
chosen for its proven track record of delivering cost effective
manufacturing and logistics services to OEMs of mobile devices.
They will manufacture and provide support services initially from
its Linkoping, Sweden location. "We understand TerreStar's need to
assemble the right set of product delivery business assets to
enable them to bring this new category of integrated
satellite-terrestrial devices to market," said Francois Barbier,
president Global Operations, Flextronics. "Our goal is to work
closely with EB to ensure TerreStar has an efficient supply chain;
offering operational advantages based on fewer touch points and
lower cost. Our SBS (Special Business Solutions) organization
enables our Customers to utilize Flextronics scalability to support
future business growth. This is another great win for our SBS
team." The terms of today's agreement with TerreStar highlight EB's
newly announced business model to offer complete products
leveraging manufacturing partners. This service is in addition to
EB's current service offering: pairing EB's technology assets and
advanced research and development services with third party
components to engineer creative wireless ecosystems. "We are
pleased to expand our long-standing relationship with TerreStar to
include product delivery services, as we continually look to offer
as much value as possible in every business relationship we engage
in," said Jani Lyrintzis, vice president, Wireless Solutions, EB.
"Together with our partners, we are working to deliver the first
satellite-terrestrial smartphone to one of the world's most
recognized mobile operators." About TerreStar Corporation TerreStar
Corporation is the controlling shareholder of TerreStar Networks
Inc. and TerreStar Global Ltd. For additional information on
TerreStar Corporation, please visit the company's website at
http://www.terrestar.com/. About TerreStar Networks Inc. TerreStar
Networks (http://www.terrestar.com/), a majority owned subsidiary
of TerreStar Corporation (NASDAQ:TSTR), plans to offer a reliable,
secure and resilient satellite terrestrial mobile broadband network
that will provide voice, data and video services dedicated to
helping solve the critical communication and business continuity
challenges faced by government, emergency responders, enterprise
businesses and rural communities. TerreStar expects to offer next
generation mobile communications through a network of partners and
service providers to users who need "anywhere" coverage throughout
the United States. About Flextronics Headquartered in Singapore
(Singapore Reg. No. 199002645H), Flextronics is a leading
Electronics Manufacturing Services (EMS) provider focused on
delivering complete design, engineering and manufacturing services
to automotive, computing, consumer, industrial, infrastructure,
medical and mobile OEMs. Flextronics helps customers design, build,
ship, and service electronics products through a network of
facilities in 30 countries on four continents. This global presence
provides design and engineering solutions that are combined with
core electronics manufacturing and logistics services, and
vertically integrated with components technologies, to optimize
customer operations by lowering costs and reducing time to market.
For more information, please visit http://www.flextronics.com/.
About EB (Elektrobit Corporation) EB creates advanced technology
and turns it into enriching end-user experiences. EB is specialized
in demanding embedded software and hardware solutions for wireless
and automotive industries. The net sales for the year 2008 totalled
MEUR 172.3. Elektrobit Corporation is listed on NASDAQ OMX
Helsinki. http://www.elektrobit.com/. Statement under the Private
Securities Litigation Reform Act: This press release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act, with respect to the strategy of
TerreStar Corporation, its plans, and the transactions described in
this press release. Such statements generally include words such as
could, can, anticipate, believe, expect, seek, pursue, proposed,
potential and similar words and terms in connection with future
results. We assume no obligation to update or supplement such
forward-looking statements. Windows Mobile is a registered
trademark of Microsoft Corporation. Bluetooth is a registered
trademark of Bluetooth SIG. For more information, please contact:
Kelly Adams, Director, Marketing and Communications TerreStar
Networks Mobile: +1 703-483-7966 Email: Mari Kahkonen, Director,
Marketing EB Wireless Solutions Mobile: +358 40 344 5348 Email:
Renee Brotherton Flextronics, Vice President, Corporate
Communications Phone: +1 408-576-7189 Email: Chris Fallon Ruder
Finn for TerreStar Networks, EB Phone: +1 212-715-1691 Email:
DATASOURCE: TerreStar Corporation; EB (Elektrobit Corporation)
CONTACT: Kelly Adams, Director, Marketing and Communications,
TerreStar Networks, +1-703-483-7966, ; Mari Kahkonen, Director,
Marketing, EB Wireless Solutions, +358 40 344 5348, ; Renee
Brotherton, Flextronics, Vice President, Corporate Communications,
+1-408-576-7189, ; Chris Fallon, Ruder Finn for TerreStar Networks,
EB, +1-212-715-1691, Web Site: http://www.terrestar.com/
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