MobileMonday Global

^{GPS watches young and old} Testing time for Benefon and Satelinx

Benefon Oyj, a provider of navigation solutions and location based services, is planning to acquire the product designs of a GPS/GSM/GPRS watch currently owned by Satelinx Inc. Benefon would then launch a bundled solution, which will enable the company to sell its new integrated GPS/GSM/GPRS handheld due out in the 4th quarter of 2005 with multiple watches as a set. This will then enable parents to track their kids as well as Benefon will then be able to provide solutions linked to the elderly. The companies have signed a letter of intent according to which Benefon will be testing the capability of the GPS/GSM/GPRS watch in relation to its own core technology and will be integrating its’ proprietary protocols into the Satelinx watch to test its compatibility and integration into Benefon’s back-end solutions. The agreement is subject to the successful testing of the GPS/GSM/GPRS watch and once proven to work will be subject to a royalty based payment arrangement with a maximum payment amount. Benefon would then launch a bundled solution, which will enable the company to sell its new integrated GPS/GSM/GPRS handheld due out in the 4th quarter of 2005 with multiple watches as a set. This will then enable parents to track their kids as well as Benefon will then be able to provide solutions linked to the elderly.

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