CellPoint's MLB Selected and Installed for New Ground-Breaking European Mobile Portal

CellPoint's MLB Selected and Installed for New Ground-Breaking European Mobile Portal Stockholm and London, UK - February 5, 2002 - CellPoint Inc. (Nasdaq: CLPT), a global provider of mobile location software technology and platforms, announced today that its Mobile Location Broker (MLB) has been selected and already installed as the location middleware platform for access to a major new European Mobile Portal, enabling a new business model and revenue streams for mobile operators and their partners throughout Europe. Based on CellPoint's proven mobile location software technology, MLB is a telecom-grade location middleware platform that allows Mobile Portals and Service Providers to bridge the gap between the application and content providers' services and the mobile users' location data made available to Mobile Operators via location servers such as CellPoint's Mobile Location System (MLS). MLB is an Internet Protocol (IP)-based platform which is compatible with all wireless standards including GSM, TDMA and CDMA, and enables international roaming, a key requirement for mobile carriers. "Successful mobile portal services such as Japan's i-mode from NTT DoCoMo (www.nttdocomo.com) have indicated this is the right business model for such a mobile services eco-system," said Stephen Childs, President of CellPoint. "The most important ingredient is the new revenue stream-sharing model between the Application and Content Providers, the Mobile Portal Service Provider and the Mobile Operators." In addition to making it wide open for new wireless location applications to be deployed, this will also make it possible to add location to all types of existing services, thus adding incremental value. "It is another step to making a reality of the widespread prediction that location is an integral part of the mobile Internet and will be part of most services available to users," added Childs. More information regarding CellPoint's MLB will be announced before the 3GSM World Congress in Cannes. Demonstrations and detailed presentations with examples of how the new business models are supported will be available at the CellPoint stand, F29, at the 3GSM World Congress which runs from 19-22 February 2002. CellPoint Inc. (Nasdaq and Stockholmsbörsen: CLPT) is a leading global provider of location determination technology, carrier-class middleware and applications enabling mobile network operators rapid deployment of revenue generating location-based services for consumer and business users and to address mobile E911/E112 security requirements. CellPoint's two core products, Mobile Location System (MLS) and Mobile Location Broker (MLB), provide an open standard platform adapted for multi-vendor networks with secure integration of third-party applications and content. CellPoint's entry-level location platform handles over 500,000 location requests per hour and has a seamless migration path to GPRS and 3G. CellPoint's early entry and experience with European mobile operators has allowed the development of products and features that address key requirements such as active and idle mode positioning, international roaming, multiple location determination technologies and consumer privacy. CellPoint is a global company headquartered in Kista, Sweden. For more information, please visit www.cellpoint.com. For information, please contact: KCSA Public Relations Worldwide: Sarah Shepard / Michael Cimini Tel: (212) 896-1236 / (212) 896-1233 sshepard@kcsa.com / mcimini@kcsa.com CellPointtm and CellPoint Systemstm are trademarks of CellPoint Inc. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Actual results may differ materially from those projected in any forward- looking statement. Investors are cautioned that such forward-looking statements involve risk and uncertainties which may cause actual results to differ from those described. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/02/05/20020205BIT01110/bit0003.doc http://www.waymaker.net/bitonline/2002/02/05/20020205BIT01110/bit0003.pdf