Europe#s first intelligent housing inaugurated

Europe's first intelligent housing inaugurated Phase 1 of Europe's first intelligent housing development was inaugurated today, commemorating completion of the first of 6 homes on the island of Värmdö just outside Stockholm. Here, cutting-edge IT solutions, architecture and environmental consideration are being integrated to create homes that offer security, safety, comfort and quality of life. Smart homes and intelligent living are here! Today JM AB inaugurated Europe's first smart home. In today's world people are finding the pace of life increasingly hectic. To alleviate this stress, smart living is designed to give the residents time for more than just work - time to relax and enjoy themselves. On Värmdö, JM has used advanced IT solutions, architecture and environmental consideration as cornerstones in building homes that provide security, safety, comfort and quality of life. "The starting shot for tomorrow's living solutions has now been fired and a great many people have already indicated an interest in the six homes", says Sten Hamberg, Business Unit Manager at JM. He continues: "We will maintain a continuous dialogue with the customers to gather their views and observations. Which of the 'intelligent' features in the houses become standard in the future will depend mainly on customer preferences." "Smart buildings is an area where we see major potential for both residential and commercial properties. At the moment, we are putting the finishing touches on 126 apartments in the Kungsholmen area of Stockholm and are in the process of recruiting another staff member to manage the "Smart Living" development project full time", concludes Sten Hamberg. For additional information about Hagaberg, Värmdö, please contact : Linda Sundström, JM AB, telephone +46-8-782 89 02, mobile +46-70-582 89 02 or Stefan Möllerberg, JM AB, telephone +46-8-782 89 46, mobile +46-70-582 89 46 For more details about JM's ongoing work with intelligent homes, contact: Sten Hamberg, Business Unit Manager, JM AB, telephone +46-8-782 88 52/87 00 For information about JM's intelligent apartment complex on Kungsholmen in Stockholm, please contact: Johnny Kellner, Planning & Environmental Director JM AB, telephone +46-8- 782 87 59/87 00 Stockholm, 11 September 2000 JM AB Group Staff Communications This and earlier press releases can also be found at ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM seeks to promote long-term quality and environmental considerations in all its operations. Annual sales total approximately SEK 17 billion and the company has about 2,500 employees. JM is a public limited company listed on NASDAQ OMX Stockholm, in the Large Cap segment.