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News 2002 |
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OPTION EVALUATES SCENARIOS
FOR A STRATEGIC ALLIANCE
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FOR RELEASE: AUGUST
22, 2002
Leuven, Belgium. Option (Nasdaq Europe: OPIN), a leading
innovator in wireless communications, today reports that
the Company continues to evaluate different scenarios
to enter into a strategic alliance, thereby looking primarily
to the US market in order establish a global presence.
“As earlier announced, we continue to look into
different scenarios for potential strategic alliances
in order to strengthen our global presence in the telecom
market. The market is expected to evolve more and more
towards a single global standard and to be faced in the
near future with the introduction of new technologies.
We have increased our efforts in order to be prepared
for a potential strategic alliance. As a result the legal
and advisory expenses over the second quarter have increased,”
said Jan Callewaert.
He continued: “As Option is well recognized in the
wireless industry a number of parties have indicated their
interest. However, no concrete deal has been reached so
far nor is it possible to give any indication as to a
potential time frame.”
About Option – “Wireless
Technology” – NasdaqEurope: OPIN
Option is the leading innovator in
wireless communications. The company designs, develops
and manufactures a family of products for wireless solutions.
Option has built up an enviable reputation for creating
exciting new products that enhance the performance and
functionality of wireless communications. Option’s
headquarters are in Leuven, Belgium. The company has R&D
centers in Leuven, Cambridge (UK) and Adelsried (Germany)
and a production engineering facility in Cork, Ireland.
For more information about Option, please visit www.option.com
Forward-Looking Statements
This press release contains forward-looking information
that involves risks and uncertainties, including statements
about the company's plans, objectives, expectations and
intentions. Such statements include, without limitation,
discussions concerning the company's strategic direction
and new product introductions and developments. Readers
are cautioned that such forward-looking statements involve
known and unknown risks and uncertainties that may cause
actual results to differ materially than those set forth
in the forward looking statements. The risks and uncertainties
include, without limitation, the early stage of the market
for connectivity and integrated wireless products and
solutions for portable and handheld computers and mobile
telephones, the management of growth, the ability of the
company to develop and successfully market new products,
rapid technological change and competition. The forward-looking
statements contained herein speak only as of the date
of this press release. The company expressly disclaims
any obligation or undertaking to release publicly any
updates or revisions to any such statement to reflect
any change in the company's expectations or any change
in events, conditions or circumstance on which any such
statement is based.
Option and Option International are trademarks of Option
N.V. All other product names mentioned herein may be trademarks
of the companies with which they are associated.
For further information please contact:
Jan Callewaert, CEO
Johan De Lille, CFO
Kolonel Begaultlaan 45
B-3012 Leuven,Belgium
TEL : +32 (0)16/31.74.11
FAX : +32 (0)16/20.71.64
e-mail: a.broos@option.com
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