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ERICSSON and Inspur Cooperated, Century's New Inspur Jointly Casted
----The signing ceremony of the memo of joint venture between ERICSSON and Inspur was held yesterday

Good news come one after another in new year. After the establishment of Inspur LG Digital Mobile Communication Co. , Ltd. on February 2, Inspur started the corporation with ERICSSON. In afternoon of February 4, 2002, Inspur Group, ERICSSON (China) Co. Ltd. and Shandong Mobile Communication Co., Ltd. signed a memo of a joint venture. Wu Guanzheng, secretary of Shandong provincial Party committee, and Han Yuqun, standing deputy governor of Shandong Province, interviewed with the president of ERICSSON (China) Co., Ltd., Mr. Jan Malm and attened the signing ceremony. Leaders from relevant departments of the province and the client representatives also took part in the ceremony.

The first investment of the joint venture of Inspur Group and ERICSSON (hereinafter referred to as "ERICSSON Inspur") is expected to be up to 5 million dollars, and its business is directly subordinate to the global headquarters of ERICSSON. The main business of the joint venture is the development and promotion of the technologies and products in wireless communication, which covers bluetooth, GPRS, mobile communication network, 3G and other fields of wireless communications.

During the signing ceremony, Mr. Sun Pishu, president of Inspur Group, said that in the industry development strategy of Inspur, we definitely put forward our industry development strategy that taking Internet terminal equipment as the core, server as the chief business, terminal equipment of Internet as the main body, software and communication products as two wings and technology innovation as the power, to achieve a high speed and sustainable development. In 2001, after the adjustment of the industrial structure of thegroup, Inspur is transforming itself from a manufacturer of hardware equipment to a solution provider whose main business is to develop embedded software and application software. In the development strategy of the group, we stressed the cooperation with foreign large enterprises, which is called by us as dancing on the same stage with world stars. And the technology cooperation between Inspur and ERICSSON is just an important part of our development strategy. It will surely be a positive promotion in the transforming towards solution provider, especially in the aspect of improving the capability of core technology; and for the development of embedded software of Inspur's related industry as well; moreover, we could use advanced management experiences for reference during the cooperation.

Mr. Jan Malm, president of ERICSSON (China) Co., Ltd., said that China is getting more and more attractive for its high speed and stable development of its economy. And China is the biggest market of ERICSSON in the world, and ERICSSON takes a share of 12% of mobile and 40% of mobile phone exchange of the market of China. and . At the eve of China's entrance into WTO, in the global strategy summit of ERICSSON, Mr. Kurt Hellstrom, president of ERICSSON announced that ERICSSON was going to invest 5 billion dollars in China in the next five years. ERICSSON Inspur is the first group of joint projects approved after the announcement of the investment plan, and its business is directly subordinate to the global headquarters of ERICSSON, that shows ERICSSON have paid much attention on the joint project with Inspur. As Shandong is one of the advanced provinces in the economy development of China, and Inspur Group is one of the key enterprises of development of information industry of China, we are confident in our cooperation.

© 2008 Inspur Co.,Ltd