Effnet Group acquires Factum Electronics AB from Teracom

10/14/2002 12:50 PM EST

Effnet Group AB has today acquired Factum Electronics AB from Teracom.
Factum Electronics based in Linköping, Sweden, has been working with
DAB, digital radio since 1995 and NICAM, digital stereo sound for
television, since 1988. Factum has sold to customers within the
broadcasting and CATV industries in more than 30 countries around the
world.

"During the last years Factum has invested large resources in the
technical development of digital radio systems for the broadcasting
market. As we see a substantial growth potential in this market, we
believe our experience in international commercialization of technical
projects will be very beneficial to Factum" says Göran E. Larsson,
Effnet's CEO.

"After many years of focused technical development, we now have leading
edge products. In Effnet we see an excellent long term owner providing
considerable experience as well as financial strength", says Johan
Ericsson, CEO of Factum Electronics.

About Effnet
Effnet develops and sells embedded software that increases the
efficiency, speed and security of IP traffic on fixed and mobile
networks to manufacturers of network products. Effnet techniques enable
optimal performance for IP packet processing. The company was founded by
leading researchers in the Header Compression field and has operations
in Stockholm, Sweden and Tucson, Arizona. Effnet Group AB is quoted on
the New Market in Sweden (symbol: EFFN). More information can be found
at www.effnet.com.

For further information please contact:
Göran E. Larsson, CEO Effnet Group AB
Tel: +46 8 564 605 50
Mobile: +46 705 65 68 69


Johan Ericsson, CEO Factum Electronics AB
Tel: +46 13 36 86 15
Mobile: +46 708 60 48 71



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