MALMO, Sweden, June 6, 2002 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading provider of solutions for advanced systems and software development, announced today that it has signed a corporate agreement with a leading Japanese telecom supplier. As part of the agreement, the customer has ordered licenses for the development tool Telelogic Tau amounting to U.S. $700,000. The client will be using Telelogic Tau on a global basis for their next-generation 3G development projects.
"Telelogic has a strong position in Asia," said Anders Lidbeck, CEO and President for Telelogic. "Our long experience in the Asian market in combination with our ability to offer global support has proved to be successful with the multinational companies in the region. This deal is especially exciting for Telelogic since it involves a global agreement with a new customer who is also a major actor in consumer electronics," Lidbeck concluded.
About Telelogic Tau
Telelogic Tau is an integrated family of software development and testing tools based on standardized languages. These tools simplify, automate and accelerate the production of real-time and other advanced software.
About Telelogic
Founded in 1983, Telelogic(R) (www.telelogic.com) is a leading global provider of solutions for advanced systems and software development. The company's automated application lifecycle solution includes integrated best-in-class software and professional services for requirements management, change and configuration management, development, testing, and documentation. Telelogic enables organizations to improve quality and predictability, while reducing time-to-market and overall costs in systems and software development. Built on an open architecture that ensures interoperability with other leading third-party solutions, Telelogic's products are based on international standardized languages and notations. Telelogic participates in 3GPP, Bluetooth SIG and OMG to create future communication technologies and visual software development languages.
Headquartered in Malmo, Sweden the company has more than 1,000 employees worldwide. Customers include Airbus, Alcatel, BMW, Boeing, BT, DaimlerChrysler, Deutsche Bank, Ericsson, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Philips and Siemens.
Telelogic, Telelogic DOORS, and Telelogic Tau are the registered trademarks of Telelogic AB. All other trademarks are the properties of respective holders.
Catharina Sundelin, VP Corporate Communications
+46 705-17 47 30
catharina.sundelin@telelogic.com
Fredrik Sjoholm, Director Investor Relations
+46 703-72 65 22
fredrik.sjoholm@telelogic.com