TTPCom announces agreement with Siemens for GSM technology to be used in mobile devices

August 15, 2002

1 Min Read

MELBOURN, U.K. -- TTP Communications plc (“TTPCom”) (LSE:TTC) today announced that it has entered into an agreement with Siemens Information and Communication Mobile in which TTPCom’s market leading GSM platform will be used in new Siemens products. By combining TTPCom’s leading wireless technology with Siemens’ expertise in mobile devices, the companies aim to introduce market moving products on an accelerated timetable. Tony Milbourn, Managing Director of TTPCom said: “Siemens is a world leader in the development of mobile phones and it is extremely significant that this agreement will see TTPCom’s GSM software used in Siemens’ future innovative products. We offer them the flexibility to develop highly differentiated products and achieve a fast time to market without committing huge resources to research and development. More specifically, this agreement demonstrates the changing nature of the mobile phone market in which leading manufacturers, due to the issue of costs, expertise and time are finding it increasingly attractive to acquire wireless communications technology from a respected third party supplier. TTPCom can offer these manufacturers the flexibility to develop new products by outsourcing development."TTP Communications plcSiemens AG

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