Telelogic establishes an operation in China
Telelogic establishes an operation in China MALMÖ, Sweden, May 29, 2000 - Telelogic AB (Stockholm Stock Exchange:TLOG), the leading supplier of design, development and testing tools for real-time communications applications, continues its expansion by establishing a subsidiary in Beijing, China. Telelogic will thereby be able to give local support to some of its largest customers like Ericsson, Motorola and Alcatel. Telelogic has previously used a distributor, but is now hoping to increase the growth further. The office will be up and running in June this year. "We are focusing on our key customers and are establishing operations in the countries where they are present.", says Anders Lidbeck, President and CEO for Telelogic. "China has an enormous potential related to mobile telephony and Telelogic is already involved in a couple of interesting projects." Telelogic in China Suite 106, Magic Dongzhimen Apartments No.1 Xi Yang Guan Hu Tong, DongZhiMen Nei, Dong Cheng District Beijing, 100007, China Phone: +86 10 640 349 04 Fax: +86 10 640 348 49 About Telelogic Telelogic is established in twelve countries under its own name, and a further 20 countries through distributors. It leads the market in development environments for technical software, especially in real time applications. By offering high quality graphical development tools and related services, Telelogic makes the development of software more rapid, less labor intensive, and more reliable. The company has a global client base, including the leading suppliers such as Alcatel, Cisco, Ericsson, Fujitsu, Hewlett-Packard, Lucent, Motorola, NEC, Nokia, Nortel Networks and Siemens, as well as a number of universities and institutions all over the world. The software market is moving towards more visual programming methods, and Telelogic leads in the production of the next generation of development tools, in this area. A directed stock issue was implemented in January this year, and has provided the company with capital for continued expansion. Telelogic is now well prepared to deliver rapid and complete solutions for the complex challenges faced by the communications industry. For more information on Telelogic, visit www.telelogic.com. Contacts: Anders Lidbeck Catharina Sundelin President & CEO Information & Investor Relations Manager Telelogic AB Telelogic AB Phone: +46 40-17 47 00 Phone: +46 705-17 47 30 Fax: +46 40-17 47 47 Fax: +46 40-17 47 47 E-mail: E-mail: anders.lidbeck@telelogic.com catharina.sundelin@telelogic.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/29/20000529BIT00740/bit0001.doc http://www.bit.se/bitonline/2000/05/29/20000529BIT00740/bit0002.pdf