Business Editors/Technology Editors
DUEBENDORF-ZURICH, Switzerland--(BUSINESS WIRE)--June 30,
2005--Esmertec(TM), leader mondial des développeurs indépendants de solutions informatiques pour
la téléphonie mobile et les outils logiciels intégrés, a annoncé aujourd’hui
que, selon ses prévisions, son introduction en bourse avait suscité une demande très forte et
que l’offfre était actuellement sursouscrite 9 fois à 20 CHF, soit le haut de la fourchette de prix d’introduction.
( BW)(ESMERTEC) Bookbuilding Period for Esmertec IPO Extended by Two Days until Friday, July 1; First Trading on SWX Swiss Exchange Envisaged for Monday, July 4
Business Editors/Technology Editors
DUEBENDORF-ZURICH, Switzerland--(BUSINESS WIRE)--June 30, 2005--Esmertec(TM), a leading global, independent developer of software solutions for mobile handsets and embedded devices, announced today that its envisaged IPO has attracted very strong demand and that the order book is currently covered over 9 times at CHF 20, the top end of the price range
Following the publication of the Preliminary Offering Memorandum on June 14, Esmertec has received letters from Tao Group Limited generally referencing certain patents and patent applications of the Tao Group. The Tao Group, based upon its misinterpretation of information posted on Esmertec's website, has expressed concerns that Esmertec's technology may overlap with certain of its asserted patent rights.
Following confirmation from intellectual property lawyers in the United States, Esmertec has found that the statements made by the Tao Group are without merit and erroneous. If required, Esmertec will vigorously defend its interests and does not expect that the costs of any such legal action would be material
The Board of Directors and the management of Esmertec as well as the Joint Bookrunners, UBS Investment Bank and Deutsche Bank, have decided to provide this information to potential investors prior to pricing the envisaged IPO. Therefore, the bookbuilding period will be extended until noon on Friday, July 1 and the first day of trading on the Main Board of the SWX Swiss Exchange is expected on Monday, July 4.
About Esmertec
Esmertec is a leading provider of software solutions for mobile phones and embedded devices. Our high-performance solutions are delivered to chipset and embedded devices manufacturers in mobile and landline telecommunication, home-multimedia, machine-to-machine and consumer electronics markets.
Engineered for smallness, Esmertec's wireless Java(TM) (J2ME(TM)) solutions, mobile applications and components, and object-oriented software platform (OSVM(TM)) are designed to extract maximum performance from hardware environments
Founded in 1999, Esmertec is a global company headquartered in Zurich, with engineering, sales and customer support operations in Switzerland, China, Denmark, France, Japan, Korea, Singapore, Taiwan, the UK and the USA.
This press release is not an offer of securities for sale in the United States.
No securities may be offered or sold in the United States absent registration or an exemption from registration, and any public offer of securities to be made in the United States will be made by means of a prospectus that may be obtained from Esmertec AG
Such prospectus will contain detailed information about Esmertec and its management, as well as its financial statements. This press release is not being made and may not be distributed or sent into Australia, Canada or Japan
This document is only directed at persons who: (i) are outside the United Kingdom; or (ii) have professional experience in matters relating to investments; or (iii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc") of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2001 (all such persons being together referred to as "relevant persons").
This press release must not be acted on or relied on by persons who are not relevant persons.
Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons
The announcement is not an offer of securities under Swiss Law. It is not a listing prospectus according to art. 652a and/or art. 1156 Swiss Code of Obligations or art. 32 ff. Swiss Listing Rules and is not a listing notice according to art. 45 ff. Swiss Listing Rules
Esmertec is a trademark of Esmertec AG.
Java is a trademarks of Sun Microsystems, Inc.
Other company, product and service names may be trademarks of their respective owners.
CONTACT: Esmertec Leng Stricker-Wong, +41 1 823 8954 [email protected]