Siemens Mobile Acceleration starts in China - offices in Beijing and Shanghai

Siemens Mobile Acceleration starts in China - offices in Beijing and Shanghai - targeting wireless start-ups that focus on technologies and applications for GSM/GPRS and 3G/UMTS mobile telephony Siemens Mobile Acceleration today announced its entrance into the wireless market in Mainland China and Hongkong and its support to Chinese start-up companies devoted to mobile technology, mobile applications and mobile services. Support offered by Siemens Mobile Acceleration includes capital, continuous coaching by senior management consultants and access to Siemens´ worldwide R&D facilities as well as sales network with a customer base of 150 telecom operators. Following its claim "Speed up your mobile business ideas" investments are made into companies at an early stage before market entry. The company plans to make 20 investments per year of up to 1.5 million Euro each in return for a minority stake in the start-up. "Considering that China is the fastest growing market in mobile communications with the largest growth potential and given the Chinese consumer´s enthusiasm for mobile applications like mobile gaming, the Chinese mobile business market is brimming with new opportunities opening up an exciting business potential for hundreds of start-up companies developing wireless applications and services", says Dr. Dietrich Ulmer, CEO of Siemens Mobile Acceleration. "To be as close as possible to this great potential we decided to open two new offices, one in Beijing and one in Shanghai. Currently China has about 145 million mobile subscribers and the figure is expected to grow to 330 million in 2006. China is also an emerging center of innovation in Asia. Siemens Mobile Acceleration expects that its operations in China will help promote prosperity and growth of China´s mobile market. "The success of wireless applications and services depends to a large extent on meeting the needs and tastes of the mobile user, be it the private consumer or the business user. These needs and tastes vary greatly from market to market. That is why we consider the local presence so essential", adds Peter Borger, General Manager of Siemens Information and Communication Mobile China. "With Siemens being the number 2 in mobile networks and the number 3 in mobile phones in China, the services of Siemens Mobile Acceleration will further strengthen us in being a leading end-to-end solutions provider." Siemens Mobile Acceleration GmbH is a wholly owned subsidiary of the Siemens Information and Communications Mobile Group, the wireless division within Siemens. Founded in Munich, Germany, in 2001, Siemens Mobile Acceleration has further offices in Stockholm, Sweden, and Paris, France. The Siemens Information and Communication Mobile Group (IC Mobile) offers the complete range of mobile solutions including mobile devices, infrastructure and applications. Devices include mobile phones, wireless modules, mobile organizers and cordless phones as well as products for wireless home networks. The infrastructure portfolio includes GSM, GPRS and 3G mobile network technologies from base stations and switching systems to intelligent networks, e.g. for prepaid services. Mobile Applications cover end-to-end solutions for Messaging, Location Based Services or Mobile Payment. For the fiscal year 2001 (September 30), IC Mobile recorded sales of EUR 11.3 billion and employed 30,730 people worldwide. You can access further information about Siemens IC Mobile on the Internet at http://www.siemens-mobile.com For further information: www.siemens.com/mobile-acceleration and for our Chinese website: www.siemens.com.cn/mobile-acceleration Press contact China: Rose Wang Siemens Ltd. China Tel.+86 10 6472 1888 (Ext. 8896) Fax.+86 10 6473 7121 E-Mail: wurong.wang@pek1.siemens.com.cn ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/02/28/20020227BIT01110/wkr0001.doc http://www.waymaker.net/bitonline/2002/02/28/20020227BIT01110/wkr0002.pdf