Effnet signs partner for technology partner program
EFFNET SIGNS PARTNER FOR TECHNOLOGY PARTNER PROGRAM Swedish Networking Pioneer Licenses Routing Technology MOUNTAIN VIEW, CA - March 28, 2000 - Today Effnet Inc., the US based subsidiary of Swedish efficient networking provider Effnet Group AB, announced that their award-winning IP packet-processing technology will be licensed to a leading independent chip developer. The partnership will cover a span of several years, in which Effnet and the chip developer will work in tandem. "The potential value of the contract is several million dollars, comprising license fees and royalty revenues," said Michael Säw, CEO Effnet Inc. "This contract is a major breakthrough for the Effnet Group, it verifies the advantages of our technology platform and continues the global roll-out of our Technology Partner Program," said Tomas Althén, CEO Effnet Group AB. For further information analysts and journalists are welcome to participate in a telephone conference, March 28, 13.00 local swedish time. Call +46 8 686 70 81, code 28 85 40. About Effnet Effnet offers networking technology that provides optimal efficiency, security and flexibility. By using highly efficient algorithms and data structures, Effnet breaks conventional performance barriers for routing table lookups and filtering operations, delivering low cost, high performance networking and telecommunications components and solutions. Effnet Group AB is a public company, listed on the OM Stockholm Stock Exchange's New Market, symbol EFFN. The company was founded in 1997, with research and development based in Luleå, Sweden. Currently at fifty-nine employees, the company is expanding rapidly. In 1998, the company opened sales and marketing offices in Boston, Massachusetts and an additional office in Stockholm. In January 2000, Effnet also opened an office in Mountain View, California. For more information about Effnet, please contact Tomas Althén, CEO Effnet Group AB at +46 708 15 16 15 alt. e-mail tomas@effnet.com or visit the website at www.effnet.com. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/28/20000328BIT00240/bit0001.doc http://www.bit.se/bitonline/2000/03/28/20000328BIT00240/bit0002.pdf