Nokia Dials Up GPS Technology Leader Trimble for
Intellectual Property Licensing Deal
ESPOO, Finland and SUNNYVALE, Calif., Oct. 2, 2006 --Today, Nokia (NYSE: NOK), a world leader in mobile communications, and Trimble (NASDAQ: TRMB), a leading innovator of Global Positioning System (GPS) technology, announced a cooperative licensing deal on Trimble's Global Navigation Satellite System (GNSS) patents related to designated wireless products and services involving location technologies, such as GPS, assisted GPS or Galileo. The licensing agreement is exclusive to Nokia for the wireless consumer product and service domain and includes sublicensing rights. In return, Trimble receives a non-exclusive license to Nokias location-based patents for use in Trimble's commercial products and services. Financial terms of the agreement were not disclosed; however it will not be material to either company's revenue or income.
"Location-based devices and services are receiving mass market acceptance, offering a range of benefits to both consumer and commercial users," said Steven W. Berglund, president and CEO of Trimble. "We are very pleased to be working with Nokia to incorporate our intellectual property into the most common consumer electronic device—the mobile phone. This agreement validates Trimble's GNSS patent portfolio and offers us further opportunities to extend our presence in the mobile communications markets we currently serve."
"We strongly believe that location-based capabilities and services will be an important element of future mobile communications devices," said Kai Oistamo, executive vice president and general manager of Mobile Phones, Nokia. "By licensing the worlds largest GNSS patent portfolio involving innovative location solutions, Nokia will be able to offer our—customers consumers and operators alike—an even more compelling mobile experience. Also, by licensing our solutions and these patents to other players, we believe this deal with Trimble will benefit the entire wireless industry by accelerating the adoption of location technologies. From Nokia's perspective, the sublicensing rights under Trimble's industry leading location patent portfolio will nicely augment our industry leading WCDMA/UMTS and GSM patent portfolios."
Today, the location-based services industry is experiencing significant growth in the area of navigation; for example car, pedestrian and maritime. Other services such as "local search" — finding relevant information based on ones location — are also becoming increasingly popular. As more and more location-based services continue to be added to mobile devices, the mobile phone is expected to play a central role in the mass adoption of location-based services by consumers.
Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations. www.nokia.com
Trimble is a leading innovator of Global Positioning System (GPS) technology. In addition to providing advanced GPS components, Trimble augments GPS with other positioning technologies as well as wireless communications and software to create complete customer solutions. Trimble's worldwide presence and unique capabilities position the Company for growth in emerging applications including surveying, agriculture, machine guidance, fleet and asset management, wireless platforms, and telecommunications infrastructure. Founded in 1978 and headquartered in Sunnyvale, California, Trimble has more than 2,400 employees in more than 18 countries worldwide.
For more information, visit Trimble's Web site at www.trimble.com
Certain statements made in this news release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties, and actual events and results may differ materially from those described in this news release. Factors that could cause or contribute to such differences include, but are not limited to: the successful development and acceptance of location-based devices and services utilizing the licensed intellectual property. More information about potential factors which could affect Nokia's and Trimble's business and financial results is set forth in reports filed with the SEC, including Nokia's quarterly reports filed with the SEC on Form 6-K and its annual reports on Form 20-F and Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Nokia and Trimble as of the date hereof, and Nokia and Trimble assumes no obligation to update such statements.
Investor Relations Contact: Willa McManmon of Trimble: 408-481-7838
Media Contact: LeaAnn McNabb of Trimble: 408-481-7808
Media Contact: Nokia, Mobile Phones Communications: +358 7180 45752
Media Contact: Nokia +358 7180 34900: email@example.com