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Friday, 9 March 2018

Effnet announces expanded license agreement with NXP for 5G technology

Effnetplattformen AB (publ)    

Published: 08:40 CET 09-03-2018 /GlobeNewswire /Source: Effnetplattformen AB (publ) / : EFFP /ISIN: SE0009522451

Effnet announces expanded license agreement with NXP for 5G technology

Luleå, 2018-03-09 -- Effnet AB, the premier provider of header compression software for wireless and fixed networks, today announced an expansion of its license agreement with NXP USA Inc. (formerly named Freescale Semiconductor, Inc.), a global leader in embedded processing solutions. NXP offers a complete solution, from chipsets to networking software including Effnet's header compression software, for the whole range of LTE eNodeB products, starting from small cells to the next generation macro cells. With the extension of the agreement, NXP can now offer its complete solution, for the 5G base stations.

"Our partnership with NXP extends our market reach to all tiers of network equipment manufacturers. So we are happy to announce this expansion of our partnership now including even 5G technologies. This reaffirms Effnet's continued leadership in header compression technologies. Our high quality products and services are important to our customers as demonstrated by a leading Japanese telecom infrastructure equipment manufacturer and a licensee of NXP's complete solution, who has also elected to expand the agreement for its products", says Aniruddha Kulkarni, Managing Director, Effnet AB.

"This agreement is important both strategically and as yet another step in building a portfolio of contracts generating recurring revenue streams for Effnet ", he concludes.

For further information, please contact:

Aniruddha Kulkarni, Managing Director, Effnet AB, Tel: +46 (0)920 60918, aniruddha.kulkarni@effnet.com or visit: http://www.effnet.com/


This information is information that Effnetplattformen AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:40 CET on March 09, 2018.


About Effnet AB

Effnet AB is a wholly owned subsidiary of Effnetplattformen AB (publ). Effnet develops its own software products for efficient networking and licenses them to companies all over the world. The Effnet 4G/5G protocol stack is licensed to chipset and product vendors for use in mobile terminals including cellular IoT devices, phones, dongles and access points, base-stations (from small cell to C-RAN), test systems, integrated Wi-Fi and cellular access points and vehicle-to-everything communication devices. Effnet is a world leader in the area of IP Header Compression and its IP header compression products are licensed to chipset and product vendors for use in fixed, mobile and satellite networks. For more information about Effnet and more information about its products and services for 4G/5G protocol stack and IP header compression, please visit www.effnet.com.

About Effnetplattformen AB (publ)

Effnetplattformen AB (publ), reg.no. 559085-5721, is the parent company of a group active in advanced digital communications and investments in other growth companies. Effnetplattformen AB (publ) is traded on Nasdaq First North under the ticker EFFP and its certified adviser is Remium Nordic Holding AB (www.remium.com). For further information about Effnetplattformen AB (publ) please visit www.effnetplattformen.se.

This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Effnetplattformen AB (publ), Stationsgatan 69, Luleå 972 34, Sweden
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