Acquisition by Kontron Embedded Computers Completed

Montrial, Canada & Munich, Germany, July 3, 2001 - Memotec shares were de-listed from the Toronto Stock Exchange. Memotec shareholders will receive 0.03377 exchangeable shares of Kontron Communications Inc., one of the Canadian subsidiaries of Kontron, in consideration for each Memotec share they hold.

About Kontron Embedded Computers
Kontron Embedded Computers is one of the largest manufacturers of embedded computing solutions. Kontron supplies leading OEMs, system integrators and application providers in the fields of communications, automation and mobile computers. The company helps its customers to considerably reduce their time-to-market and to gain a competitive advantage with products including high-performance open computer platforms and systems, single-board computers, man-machine interfaces, and portable computers. Kontron employs more than 1000 people worldwide and has manufacturing facilities in Europe, North America and Asia Pacific. Kontron is listed on the German Neuer Markt stock exchange under the symbol "KBC."

Additional information about Kontron is available at www.kontron.com.

About Memotec
Memotec Communications Inc. is a networking company that provides data, voice and video convergence solutions for telecommunications carriers, service providers and corporate customers. Its product line of access devices and edge switches provides consolidation of multiservice traffic over packet-based and cell-based networks such as Frame Relay, IP and ATM. Memotec enables its customers to lower operational costs and increase productivity by consolidating multimedia traffic over a common infrastructure. With offices around the world, and with more than 100,000 products installed in over 94 countries to date, Memotec serves the diverse needs of customers in Latin America, North America, Europe, the Middle East, Africa, Asia and the Pacific Rim.

More information about the company is available at www.memotec.com

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