Olympia International Holdings Licenses Bluetooth IP from NewLogic

IP licensing opens door for data and voice transmission in cordless telephone using Bluetooth wireless technology

London, U.K./Lustenau, Austria; March 14th, 2002 - Olympia International Holdings Ltd., a leading vendor of modern office and communication technology, and NewLogic, a leading supplier of Bluetooth intellectual property cores, today announced a licensing deal encompassing NewLogic's BOOST Core and BOOST Software IP products.

The deal, the terms of which were not disclosed, allows Olympia to develop a cordless telephone product based upon Bluetooth wireless technology.

Olympia's product is known as the Data-phone and will enable truly integrated voice and data transmission both over the public telephone system and to other Bluetooth enabled devices such as mobile telephones, PDAs and computers. The Data-phone is based around a custom Integrated Circuit (IC) which, in turn, utilises the BOOST Bluetooth technology as licensed from NewLogic. The Data-phone will be launched at CEBIT 2002 and mass production is scheduled from July 2002.

"Low gate count, radio interface flexibility and low memory requirements of the BOOST Core were the decisive features which led to our decision to choose NewLogic's IP", said Mark Barrett, Manager of Olympia's R&D center. "The quality of the BOOST IP and NewLogic's exceptional support has helped to shorten the development time for our Data-phone IC to just six months."

"We are very proud to announce Olympia as our latest BOOST licensee", said Gianmaria Mazzucchelli, Managing Director of NewLogic's R&D center in Sophia-Antipolis, France. "The BOOST Core was designed for ease of integration and minimum silicon footprint in mind which helped in no small way to meet Olympia's aggressive project schedule and product requirements for the Data-phone."

NewLogic's BOOST IP family includes a Bluetooth baseband processor, a full Bluetooth software protocol stack and a Bluetooth CMOS radio. These IP elements, when combined with a suitable microcontroller core, permit the implementation of a single chip Bluetooth solution using industry standard CMOS process technologies.

Bluetooth wireless technology is the new cordless standard adopted by more than 2,000 companies throughout the world to link portable devices to mobile phones and PCs. It has spurred an unprecedented enthusiasm within the PC and communications industries. Its promises of small size, low-cost and interoperability have fuelled a burst of new ideas and application possibilities.

About Olympia International Holdings
Olympia International Holdings Ltd. is based in Germany and part of the worldwide Elite Holdings Group of Hong Kong. Olympia's R&D center in Aldershot, U.K., has engineering capabilities ranging from radio and baseband hardware design through to embedded software and integrated circuit design. Products are typically branded using the Olympia brand and manufactured in the Giant factory in China. Both Olympia and Giant are also companies in the Elite Holdings Group. More information about Olympia International Holdings Ltd. is available from its Web site at: www.olympia-europe.de

About NewLogic Technologies
NewLogic Technologies, headquartered in Lustenau, Austria, is a world leading supplier of Bluetooth and 802.11 Wireless LAN intellectual property cores as well as IC design services. In addition NewLogic offers IP integration services to help its customers achieve their aggressive time to market goals.

For more information, please contact:

Martin Hartmann
NewLogic Technologies AG
Millennium Park 6
A-6890 Lustenau
Austria

Phone: +43-5577-62000-214
Fax: +43-5577-62000-988
E-Mail: info@newlogic.com
Website: www.newlogic.com