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CellPoint Closes Acquisition of Headset Product Line from Gennum Corp.
CSTOCKHOLM, SWEDEN - August 27, 2007 - CellPoint Connect AB, a leading provider of wired and
Bluetooth® enabled wireless headsets/earphones, today announced that it has closed the previously
announced acquisition of Gennum Corporations consumer headset product line from Gennum
Corporation. The acquisition is part of CellPoints strategy to expand its leading technology base and
international market presence.
Gennum and CellPoint reached a definitive agreement for the acquisition on August 9, 2007. The
agreement closed in 15 days.
Gennum’s product line includes the nXZEN™ and nX 6000™ products, all incorporating Bluetooth®
technology and the leading noise cancellation system, based on the patented “FRONTVAWE™”
technology.
CellPoint currently offers the 2nd generation Flamingo line of headsets and is in the process of launching
the new lifestyle brand “HappyEar”, based on the award winning wearing system “EarClick™”.
CellPoint will use its EarClick™ comfort wearing system and the new market leading noise cancellation
technology, to launch a series of products enabling the company to open up the mainstream consumer
market and place itself as the leading supplier of lifestyle Bluetooth® products.
Nathan Robinson, Director of Business Development at Gennum Consumer product group, is very
pleased with the deal “This is a perfect fit and the merged groups provide the best platform for positioning
CellPoint as the leading provider of the most comfortable and high quality Bluetooth® headsets”. He
continues; “We have already seen tremendous interest for the current Cellpoint award winning products in
our channels, and we are launching our own leading noise cancellation headsets into CellPoints channels
in Europe and Asia”.
Kristian Gjerding, CEO of CellPoint Americas, is happy about the quick process. Mr. Gjerding says,
“This is perfect for CellPoint on all levels, we have acquired leading edge technology, a highly skilled
team and several new channels enabling us to “hit the ground running”.
CellPoint will be launching the combined product line at RetailVision Fall 2007 which will be held at the
JW Marriott Desert Ridge Resort and Spa, Phoenix, Arizona on September 4-7, 2007. CellPoint will be at
booth 318 in the Ingram Area.
About CellPoint Connect AB
CellPoint Connect AB is a publicly listed Swedish company (www.aktietorget.se; CPNT)
with headquarter in Copenhagen, Denmark and offices in Oslo, Stockholm, Miami and
Shenzhen, China. The company designs, develops, manufactures and markets wired and
Bluetooth® enabled wireless headsets/earphones.
About Gennum
Gennum Corporation is a Canadian company (TSX: GND) and is a leading designer and manufacturer of
semiconductor solutions for the global video, data communications and audio markets. The winner of the
Technology Emmy® award for advances in high definition (HD) broadcasting.
Gennum’s broad portfolio of products and technologies include image processors, video
timing and transport products, ICs for optical transceivers, backplane interconnects and
low power digital signal processing (DSP) solutions. Gennum is headquartered in
Burlington, Canada, and has global design, research and development and sales offices
in Canada, Japan and the United Kingdom. See www.gennum.com
Gennum Media Contact:
Robin Vaitonis
Tel: (905) 632-2999 ext. 2110
E-mail: vaitonis@gennum.com
CellPoint Media Contact:
Kristian Gjerding, CEO Cellpoint Connect Americas
Tel (305) 206 2336
Kristian.gjerding@cellpoint.com
 See english version in Adobe Acrobat |
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