SmithMicro acquires wholly owned subsidiary Birdstep Technology AB

Birdstep Technology ASA (“BIRD”) and Smith Micro International Inc (“SMSI”) has on March 8 entered into an agreement to sell its wholly owned subsidiary Birstep Technology AB to SMSI. Reference is made to stock exchange announcement from SMSI on NASDAQ. BIRD will issue a stock exchange announcement shortly with further information on the sale and certain other matters of relevance.

The trading will be suspended until additional information is published.

About SMSI

SMSI provides software to simplify and enhance the mobile experience. As a leader in wireless connectivity, SMSI applications help improve network Quality of Experience for mobile users while optimizing resources for service providers and enterprises. The company’s intelligent policy-on-device platform, along with premium voice, video and content monetization services, create new opportunities to engage consumers and capitalize on the growth of connected devices. In addition to wireless and mobility software, SMSI develops innovative Productivity and Graphics products for professional artists and general consumers. The company is listed at Nasdaq and headquartered in Aliso Viejo, CA, US with additional development centers in Santa Cruz, CA, Pittsburgh, PA, both US and Belgrade, Serbia.  For further information, please see www.smithmicro.com

About Birdstep Technology ASA
Birdstep is a company that develops HetNet optimization solutions for operators and OEMs to deliver Experience Continuity to their customers. Our cutting edge solutions lead the industry in helping our customers develop strategies to maximize the potential of Heterogeneous Networks (HetNets) in order to bring better quality service, value added services, and a more satisfactory experience to their customers.

For further information, please contact:

 
Marie-Louise Nilsson Kanon
VP Market Communications
Email: marie-louise.nilsson@birdstep.com
Phone: +46 8 6279140