Eden Prairie, Minn., May 15, 2001 - Officials of Kontron Mobile Computing, Inc. (OTC BB: KMBC), today announced the completion of the companys name change process by formally amending its articles of incorporation to replace "FieldWorks, Incorporated" with "Kontron Mobile Computing, Inc." The change became effective on June 4, 2001, following a filing with the Minnesota Secretary of States office.
The company, which began doing business under the new name on April 16, 2001, also announced that it has been assigned a new ticker symbol: KMBC. The new ticker symbol, which replaces the symbol FWRX, becomes effective with the opening of trading this morning. The company is traded on the U.S. Over the Counter Bulletin Board.
"Our customers and business partners have responded well as weve introduced our new name and explained the significance of our relationship with the Kontron group of companies," said Thomas Sparrvik, president and CEO. "As a member of this group, we look forward to strengthening the Kontron brand across our worldwide markets and to tapping new sales, service and development resources made available by this affiliation."
The changes follow the acquisition of a majority share in the company by Kontron Embedded Computers AG, Munich, Germany, via a series of transactions that closed in late 2000. The company has retained the name "FieldWorks" as a brand name for several of its most rugged mobile computers.
About Kontron Mobile Computing
A Minnesota corporation, Kontron Mobile Computing, Inc. (formerly FieldWorks, Inc.), has designed, manufactured and marketed rugged computers for a variety of industries and applications worldwide since 1992. It also provides product customization, integration and support services. The company is headquartered in Eden Prairie, Minn., with sales, service and manufacturing locations worldwide. It is traded on the U.S. Over the Counter Bulletin Board under the ticker symbol KMBC.
Kontron Mobile Computing is the mobile computing affiliate of Kontron Embedded Computers AG, Munich, Germany. For more information, visit Kontron Mobile Computing online at www.kontronmobile.com, or phone the company toll-free at 1-888-343-5396.
About Kontron Embedded Computers AG
Kontron Embedded Computers AG, Munich, Germany, is one of the worlds largest manufacturers of embedded computing solutions, supplying leading OEMs, systems integrators and application providers in the communications, automation and mobile markets.
The Kontron group of companies includes:
Kontron Mobile Computing, Inc. (formerly FieldWorks, Inc.), Eden Prairie, Minnesota (mobile computing competence center)
Teknor Applicom Inc, Montreal, Canada (communications competence center)
PEP Modular Computers GmbH, Kaufbeuren, Germany (automation competence center)
TMC Ltd., Taipei, Taiwan (operations center for Asia-Pacific region)
Kontron Embedded Computers AG is publicly traded on the German Neuer Markt stock exchange under symbol "KBC."
Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements, including the impact of changing economic or business conditions, the impact of competition, the availability of financing, the success of products in the marketplace, other risk factors inherent in the computer industry and other factors discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.
Kontron Mobile Computings headquarters are at:
7631 Anagram Drive, Eden Prairie, MN 55344
Internet Address: www.kontronmobile.com;
Telephone: (952) 974-7000
Fax: (952) 974-7199