Telelogic Receives Component Order from Japanese Telecom Company
Telelogic Receives Component Order from Japanese Telecom Company MALMÖ, Sweden, June 14, 2001 - Telelogic (Stockholm Stock Exchange:TLOG), a world-leading provider of solutions for advanced software development, today announced that it has signed an agreement with a leading Japanese telecom company. Telelogic has previously sold a component to this customer and today's order include further consulting related to the component project. The order value amounts to $0.532 millions (65 million yen) and a letter of intent for further $0.491 million (60 million yen) has already been signed. "Telelogic's component business continues to be successful.", says Anders Lidbeck, President and CEO for Telelogic. "3G is a very complex technology where Telelogic's development tools are market leaders. Our component business is complementing our tools very well. The delays of the 3G systems do not affect our sales. It's rather the opposite because they are showing how complex this area is, and how important it is that development tools are being standardized and automated to the extent possible." About Telelogic (Stockholm Stock Exchange/TLOG) Telelogic is a leading global supplier of solutions for advanced software and systems development. By providing integrated best-of-breed products and professional services for the end-to-end software development lifecycle, Telelogic enables organizations to improve quality and predictability, while reducing time-to-market and overall costs. Built on an open architecture that ensures interoperability with many top tier technology solutions, Telelogic's products are based on international standardized languages and notations. Telelogic participates in 3GPP, Bluetooth SIG and OMG to monitor and help create future communication technologies and visual software development languages. Named by Forbes Magazine as one of the 300 Best Small Companies in the world, Telelogic is a public and rapidly growing company headquartered in Malmö, Sweden. According to the VDC 2000 report Telelogic is the leading solution supplier in the embedded market and Telelogic DOORS has been named the market leader for requirements management in the Standish Group's 2000 report. Customers include Airbus, Alcatel, Bank of America, BMW, Boeing, British Telecom, Cisco, DaimlerChrysler, Deutsche Bank, Ericsson, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Philips and Siemens. Telelogic's worldwide presence includes offices in Asia, Australia, Europe and North America. For more information about Telelogic and how it can benefit your development efforts, visit the website at www.telelogic.com. Contacts: Anders Lidbeck Catharina Sundelin President & CEO Director of Information & Investor Relations Telelogic AB Telelogic AB Phone: +46 40-17 47 00 Phone: +46 40-17 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 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.bit.se/bitonline/2001/06/14/20010614BIT00970/bit0001.doc http://www.bit.se/bitonline/2001/06/14/20010614BIT00970/bit0001.pdf