Effnet enters partnership with global semi conductor supplier

EFFNET ENTERS PARTNERSHIP WITH GLOBAL SEMI CONDUCTOR SUPPLIER Effnet announces today a partnership with the global independent semi conductor supplier STMicroelectronics. The agreement is a success for Effnet's technology partner program. The agreement allows STMicroelectronics to provide high performance network technology with Effnet's award winning IP packet-processing technology integrated with their own products. According to the two companies, the partnership should be considered as the starting point of a long-term relationship within the framework for the Effnet Technology Partner Program, TPP. "This contract is a breakthrough for Effnet that verifies the advantages of our technology platform and continues the global roll-out of our Technology Partner Program - TPP. STMicroelectronics is a global and very successful company within the semi conductor manufacturing business, offering high quality products", says Karin Bjurel, Director of Sales & Marketing, Effnet AB. "The Internet revolution associated with new broadband capabilities requires advanced techniques at the edge of the network. IP routing is necessary to balance different data traffic towards the end destination and the firewall aspect is definitely a key feature associated with the Internet. The very efficient software of Effnet will clearly help us to achieve that goal", says Gerard Fargere, Director of Access Network, System R&D at STMicroelectronics. STMicroelectronics uses Effnet's software primarily to be able to broaden the fields of application of their hardware. TPP Program TPP, Technology Partner Program, is Effnet's global program for strategic partners that use parts of or the whole Effnet technology platform. Effnet establishes a close collaboration with their partners that include both adaptation to the clients' specific needs and implementation. About Effnet Effnet's business concept is to develop, market, sell and distribute network products and network technologies designed to resolve bottlenecks in Internet communication, thereby creating maximum benefit for customers. Effnet markets its products in three ways: as own-brand products, via OEM agreements and by licensing technology to other players in the network industry. During 1999, Effnet changed from being purely a development company into a commercial player in the network market. The company is now entering a phase in which marketing and sales are the main focus. Effnet's long-term goal is to be one of the world's leading players in resolving future bottlenecks in Internet communication. Today, Effnet has a presence in four locations: Stockholm, Luleå, Boston and Mountain View, California. Effnet Group AB is listed on the "Nya Marknaden" (New Market). The company has 76 employees. Read more about Effnet at www.effnet.com. For further information please contact: Tomas Althén CEO, Effnet Group AB Mobile: +46 708 15 16 15 E-mail: tomas@effnet.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/06/14/20000614BIT00840/bit0001.doc http://www.bit.se/bitonline/2000/06/14/20000614BIT00840/bit0002.pdf