Elcoteq Joins WiMAX Forum; EMS Company to Manufacture in Accordance with IEEE 802.16 Standard

Business Wire, May 18, 2004

Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--May 18, 2004

Elcoteq Network Corp., global provider of electronics manufacturing services (EMS) for the communications technology industry, announced that it has joined the WiMAX Forum(TM). As a member of the WiMAX Forum, Elcoteq is dedicated to supporting its clients and the communications industry by manufacturing products and providing supporting services that adhere to the IEEE 802.16 standard.

Elcoteq, through its acquisition last year of the Marconi plant, Offenburg, Germany, has 40 years of experience developing and manufacturing microwave products and technologies. Elcoteq is one of the only global Electronics Manufacturing Services (EMS) companies to participate in the WiMAX Forum, and is proactively developing manufacturing, testing, and logistical solutions to address the IEEE 802.16 standard.

The WiMAX Forum is an industry-led, non-profit corporation formed to help promote and certify the compatibility and interoperability of broadband wireless products using the IEEE 802.16 and ETSI HiperMAN wireless MAN specifications. The forum's goal is to accelerate the introduction of these devices into the marketplace. WiMAX Forum Certified(TM) products will be fully interoperable and support Metropolitan Broadband Fixed and Portable Applications.

"Joining the WiMAX Forum is a logical step for Elcoteq. It further equips us to remain on the leading edge of microwave and other wireless access products and related services," said Petri Allekotte, Elcoteq's director of business development, communications network equipment products. "In order to reduce costs and have a wireless system that is truly global, it is vital to support an organization like the WiMAX Forum."

About Elcoteq Network Corp.

Elcoteq Network Corp. is the largest European electronics manufacturing services (EMS) company and focuses on communications technology products. Elcoteq provides global end-to-end solutions and value added services consisting of design, new product introduction (NPI), manufacturing, supply chain management, and after-sales services for the whole lifecycle of its customers' products. The company operates in 11 countries, on three continents, and has approximately 12,600 employees. Elcoteq's consolidated net sales for 2003 totaled 2.7 billion USD. Elcoteq Network Corporation is listed on the Helsinki Exchanges. For more information visit the Elcoteq website at www.elcoteq.com.

WiMAX Forum(TM) and WiMAX Forum Certified(TM) are trademarks of the WiMAX Forum.