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>> OPTION TO SUPPLY FULLY CUSTOMISED GPRS PC CARDS TO China’s PANDA ELECTRONICS GROUP Co.,Ltd.

  FOR RELEASE: JULY 12, 2002


NANJING, CHINA & LEUVEN, BELGIUM - Option, the leading innovator in wireless communications, today unveiled that they have signed an agreement to supply a fully customized version of their Option’s GlobeTrotter tri-band GPRS/GSM PC Card to the leading Chinese electronics group Panda.

GlobeTrotter will be marketed in mainland China and will appear under the Panda brand name. The first of a series of shipments is already taking place and all shipments are secured with credit-protection mechanisms.

Panda Electronics Group Co., Ltd. is one of the six largest groups of electronics industries in China with a sixty-four year long history. The group has initiated many “firsts in China” and has won several national honors.

Panda has been active in the electronics and mobile industry with great success resulting in joint ventures with international companies, such as Sweden's ERICSSON, Japan's SHARP and Korea's LG.

Just recently Option’s GPRS/GSM PC Card was launched into the market, providing high-performance wireless services for notebook computers and PDA’s while allowing real time connections.

As stated by Panda:” With the launch of China’s GPRS services, nearly everyone believes that GPRS PCMCIA Cards have great sales potential in China. After being released on Panda’s website, phone calls started to come in from all over the country with customers wanting to find out more about the product and wanting to purchase it.”

Lu Rong Chang, Senior Executive within the Panda group, said: “We are confident we have found a reliable, technologically-advanced and Chino-sensitive business partner in Option”. “The GlobeTrotter card is faster than any other we have been able to test and its availability in several languages including Chinese is a critical factor to guarantee its rapid take-up in the market. We want to establish a long-term relationship with Option and that is why we invested a lot of efforts in customizing the product to our requirements”.

China’s dominant mobile carrier China Mobile, which controls more than 70 per cent of China’s 165 million mobile phone subscribers, has commercially launched its GPRS service in a bid to tap the country’s booming mobile data market. As of May 17, 2002 China Mobile began offering commercial GPRS service in 240 cities across the country. The commercial launch came after a trial covering 25 major cities with 2900 trial users. During the trial, users were offered a range of GPRS-based services such as mobile email, mobile commerce and interactive mobile games.

The July 11, 2002 edition of the Wall Street Journal mentions that “China Mobile reports surge in demand for its GPRS service, with more than 1.3 million users for its high-speed GPRS service just weeks after its commercial launch”.

An initiative like Monternet, abbreviation for Mobile Internet, has quickly become a recognized brand name for China Mobile’s services and is an example of how wireless mobile data services are actively promoted in China these days.

Perhaps a more important reason for the use of GPRS is the promotion of China Mobile’s “MengNet” (“Dream Net”) service. MengNet became very popular in Guangzhou, the capital of the Guangdong province. Part of the reason was its business model that allows application developers to join forces in service development. MengNet offers more than 1350 services in categories like information, communications, business, e-commerce and personal assistance. To a certain extent, GPRS provides the bandwidth where services like MengNet can run in the pipes.

Jan Callewaert, President & CEO at Option said: ”Needless to say the outlooks for wireless data services are bullish in this country. This agreement with a very important domestic player is a big step towards conquering this market. The selection of Panda among several other interesting candidates as privileged Partner is the result of several considerations such as market positioning, brand presence and creditworthiness”.

About Option – “Wireless Technology” – Nasdaq Europe: 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

About Panda

As the cradle of China's electronics industry, Panda Electronics Group Co., Ltd.(PEG)was founded in 1936, with a history of sixty-four years. Brand 'Panda' is the first Chinese electronics products brand entered into international market and also the first 'Well-Known Brand' of electronics industry in China. PEG is one of the largest electronics comprehensive backbone enterprises, 120 pilot enterprise groups, 512 key enterprises, six largest groups of electronics industries in China.
For more information about Panda, please visit www.chinapanda.com.cn

Laurent De Hauwere
Option n.v.
+32 (0)16 317 411 (office)
+32 (486) 20 20 20 (mobile)
ldh@option.com

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