Teleca to expand in global GPRS and 3G market through new R&D outsourcing agreement in Norway

Teleca to expand in global GPRS and 3G market through new R&D outsourcing agreement in Norway Teleca and Ericsson have signed a letter of intent to enter into an outsourcing agreement where the GPRS R&D unit from Ericsson Norway will be transferred to Teleca. As part of the agreement approximately 70 employees will be moved from Ericsson to Teleca in Norway. The agreement is part of Teleca's strategy to grow in the Nordic region and to expand the outsourcing business. "The planned agreement has been made possible through Teleca's strong position in the market for outsourced R&D", says Nick Stammers, CEO of Teleca. "The agreement will be important because it will increase Teleca's strength in the Nordic region and further increase our competence in the global market for GPRS and 3G." Teleca expects the outsourcing agreement to have an immediate positive effect on Teleca's earnings and normal Teleca margins are expected within two years. The agreement is expected to be finalised in October 2002, more information will be available at that time. For additional information, contact: Nick Stammers, CEO, Teleca AB, tel +44 7768 32 35 35 Anders Cedervall, Executive Vice President, Teleca AB, tel +46 705 33 03 30 Teleca is a European consulting group focused on new technology and R&D. Our business concept is to strengthen our customer's market position and time-to-market. This is achieved by providing professional teams with specialist technical expertise, working in partnership with development-intensive companies world-wide. The group has more than 2,200 employees in 13 countries with a strong presence in the Nordic region, UK, and France. Teleca is quoted on the Attract40 list of Stockholmsbörsen. ------------------------------------------------------------ This information was brought to you by Waymaker The following files are available for download:

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Teleca is a world-leading expert and supplier of software services for all industries where mobile and wireless solutions are used. We offer world class operations and execution capability, both on-site and offshore. Teleca’s technology experts help the leaders and innovators of the connected devices industries deliver products and services that add new dimensions to the networked community. Our unmatched mobile software solutions, global reach and engineering experience enable you to realize your products and visions. In essence, we help the industry offer users great mobile experiences using turnkey, cost effective solutions with faster time to market. We are increasingly using Open Source Software components and software created by our strategic partner network to make our offerings even more comprehensive – and our customers ever more successful. Due to our unique position in the market place we are able to rapidly understand emerging market trends and needs and to proactively propose solutions to our customers. Telecas scale and global reach are unique. We support our customers wherever they are. Teleca has approximately 2,000 employees in 12 countries in Asia, Europe and North America. Teleca. Engineering mobile solutions.