Elektrobit (EB) strengthens its competences in safety technology in its Wireless Business Segment by acquiring the share capital of Birdstep Technology Oy

Stock exchange release

Free for publication on January 2, 2015 at 9.30 am. (CET+1)


Elektrobit (EB) strengthens its competences in safety technology in its Wireless
Business Segment by acquiring the share capital of Birdstep Technology Oy

Oulu, Finland, January 2, 2015 - Elektrobit Technologies Ltd, a subsidiary of
Elektrobit Corporation has today acquired 100 per cent of the shares of Birdstep
Technology Oy, which is a fully owned Finnish subsidiary of Birdstep Technology
ASA (OSE: BIRD), based in Norway. Birdstep Technology Oy provides its customers
high quality information security solutions for mobile devices and portable
computers.

Birdstep Technology Oy's (SafeMove Oy from 2(nd) of January 2015 onwards) net
sales was EUR 2.5 in 2013 million and in January-September 2014 EUR 2.1 million.
The company employs 19 persons located in Espoo, Finland. The debt free cash
purchase price is EUR 2.0 million, which will be adjusted based upon the level
of networking capital and cash and debt in the Birdstep Technology Oy on
December 31, 2014. The acquisition has no significant impact on EB's balance
sheet, net sales and financial position. The company will be reported as part of
EB's Wireless Business Segment from January 1, 2015 on.

With this acquisition, EB will get Birdstep's SafeMove Solutions, which provide
the customers high-quality information security solutions with seamless
connectivity to the enterprise network by creating protected mobile data
communications between the organization's portable devices. The solution is used
among others by public administrations, health care, energy and defence
organizations in several countries internationally.

The acquisition strengthens the competitiveness of EB's Wireless Business
Segment as a provider of secure communication solutions for defence, safety and
other authorities markets. EB's product portfolio expands the current
information secure device solutions with the protection of data communications.
SafeMove software can be utilized in several EB's products and product
platforms, such as EB Tough Mobile secure smart phone and EB IoT Device Platform
as well as in defence products.

"SafeMove solutions strengthen EB's competence and product portfolio in
demanding safety solutions in public safety and defence markets. In the
beginning of November, EB launched the EB Tough Mobile secure smart phone, with
secure platform solution for the public safety and authorities markets. With
SafeMove technology, we are able to include data protection application to our
device, which builds up the solid basis to include also other cybersecurity
applications to our smart phone", says Hannu Huttunen, President of EB's
Wireless Business Segment. "Those country specific cybersecurity applications
can be tailored by our partners, who are companies providing integrated
information security solutions."

Oulu, January 2, 2015

Elektrobit Corporation
Jukka Harju
CEO


Further information:

Hannu Huttunen
President, Wireless Business Segment
Tel. + 358 40 344 5307


Distribution:
NASDAQ OMX Helsinki
Principal media


Elektrobit Corporation (EB)
EB creates advanced technology and turns it into enriching end-user experiences.
EB is specialized in demanding embedded software and hardware solutions for
wireless and automotive industries. The net sales in 2013 totaled EUR 199.3
million and operating profit was EUR 8.1 million. Elektrobit Corporation is
listed on NASDAQ OMX Helsinki. www.elektrobit.com



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