Breakthrough order for DAB in Korea

5/12/2003 4:15 AM EST

Effnet subsidiary Factum Electronics breaks into Korean market with
digital radio equipment order

Up against stiff, international competition, Factum Electronics AB has
been commissioned to supply equipment to a major Korean TV and radio
broadcasting company.

"The Korean order is very prestigious. Digital radio is much more than
traditional radio in Korea, where the focus is on developing computer
services like video distribution via digital radio," says Johan
Ericsson, CEO of Factum Electronics. "This order is another important
reference for our continued efforts within the digital radio segment."

The total value of the order is estimated at around SEK 2.5 million.
Factum Electronics has previously supplied similar digital radio
solutions to customers in Norway, Canada, Denmark, Hungary, and Sweden.

Digital Audio Broadcasting (DAB) is the established technology for
digital radio transmissions, offering unsurpassed sound quality. "DAB by
Factum" is an established concept in many parts of the world, for
everything from small, private radio stations to large, national network
operators. In Korea, the system is called Digital Multimedia
Broadcasting (DMB), which indicates a substantially greater focus on
data services. In contrast, the European term DAB reflects more of a
focus on audio services.

Factum Electronics will deliver systems based on the company's modular
architecture, including sound coders, equipment for IP broadcasting and
other data transmissions, multiplexes, and management systems.

Read more about Factum Electronics at: www.factum.se

For further information, please contact:
Hans Runesten, CEO Effnet Group AB, +46 (0)8 564 605 50,
+46 (0)702 80 26 26
Johan Ericsson, CEO Factum Electronics AB, +46 (0)13 36 86 15,
+46 (0)708 60 48 71

About Effnet
Effnet Group consists of the parent company Effnet Group AB (publ) and
three wholly-owned subsidiaries: Effnet AB, Factum Electronics AB, and
Wkit Security AB. Effnet AB develops and sells Header Compression, a
software application that increases the efficiency, speed, and
reliability of Internet protocol (IP) traffic in fixed, mobile, and
satellite networks. Factum Electronics AB develops and sells components
and systems for digital radio, DAB, and components for digital stereo
sound in television broadcasting NICAM. Wkit Security AB specializes in
the development and sales of Don't Bother Burn (DBB) copy protection
software for CD-ROM manufacturers. Effnet Group AB (publ) is traded on
Stockholmsbörsen's New Market list under the EFFN ticker. For more
information, visit http://www.effnet.com.