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Telenor Satellite Services To Add New Satellite Terminals To Its Portfolio; Addvalue Technologies Demonstrates New Cost-Efficient SABRE(TM) 1 Terminal for IP-Based Communications Via Satellite

Telenor Satellite Services To Add New Satellite Terminals To Its Portfolio; Addvalue Technologies Demonstrates New Cost-Efficient SABRE(TM) 1 Terminal for IP-Based Communications Via Satellite

Oslo, Norway and Rockville, Md, United States

Telenor Satellite Services, a subsidiary of Telenor of Norway (Oslo Stock Exchange:TEL and NASDAQ:TELN), today announced that the company will add the new, cost-efficient Wideye(TM) SABRE(TM) 1 Broadband Global Area Network (BGAN) satellite terminal and accessories to its portfolio of on demand communications technologies.

Addvalue Communications Pte Ltd, a wholly-owned subsidiary of Addvalue Technologies Ltd publicly demonstrated the latest addition to the line of Inmarsat BGAN satellite terminals in Singapore on June 20 during the CommunicAsia industry conference.

The sub-laptop sized Wideye SABRE 1 is the most economical BGAN satellite terminal on the market and enables users to conduct simultaneous telephony and IP data communications. Its built-in user interface allows quick set-up and supports multiple data interfaces including Bluetooth, Ethernet, USB and RJ11. Addvalue engineers are currently working with representatives of satellite operator Inmarsat to complete testing and begin commercial sales of the new equipment in the coming weeks.

BGAN offers users high-speed IP-based broadband communications plus simultaneous voice (telephony) calling via a portfolio of small, lightweight user terminals. The robust communications service from Telenor is especially useful for a variety of IP-based applications such as streaming video, videoconferencing and Web browsing. The service allows businesses and organizations to extend networks to their remote operations sites. BGAN is the world's first truly mobile broadband IP service and is the latest addition to the Telenor Portfolio of Broadband On Demand and Value Added Services.

"The Wideye SABRE 1 BGAN terminal and accessories offer users the 'best value' for their communications dollar combining reliability, great performance, and affordable price," said Dr. Colin Chan, chairman and CEO of Addvalue. "The SABRE 1's small size, low cost, functionality and wide range of accessories, will appeal to a wide variety of potential users - from enterprise customers and industries requiring remote connections to small businesses, home offices and individuals that want an easy-to-use means of communicating via satellite."

"Addvalue has enjoyed great success with the development of a number of commercial wireless products including accessories for Xbox(R), Bluetooth(R) and Sirius(R) Satellite Radio," said Morten Tengs, chief executive officer of Telenor Satellite Services. "The Addvalue Wideye SABRE 1 combines an efficient mix of cost-effective communications functions and an exceptional package of accessories in small, easy-to-carry and set-up satellite terminal that will enable businesses and individual users the ability to rapidly establish IP-based communications via satellite.

"Combining the strengths and features of the SABRE I BGAN terminal with Telenor's exclusive Terralink(TM) IP Networking Platform and global points of presence provides BGAN users the widest range of service connection options, increased levels of security, and cost-efficient, high-quality communications service."

Earlier this year Telenor Satellite Services and Addvalue signed a strategic business agreement enabling the two companies to further develop joint sales, marketing, and engineering support services for Addvalue's BGAN-related offerings throughout Asia and globally, including bundling Telenor airtime with Addvalue equipment. (See Telenor Satellite Services - Addvalue Announce Strategic Business Alliance Press Release, dated February 9, 2006 and Telenor Satellite Services and Addvalue Sign Satellite Airtime Agreement Press Release, dated April 5, 2006.)

About Telenor:

Headquartered in Oslo, Norway, Telenor is an international provider of high quality telecommunications, data and media communication services. Telenor is one of Norway's largest companies with 2005 revenues of approx NOK 68.9 billion (approximately US$ 10.1 billion) and a workforce of 20,900 located in Norway and abroad. Telenor is listed on the Oslo Stock Exchange (TEL) and NASDAQ in New York (TELN).

Telenor Satellite Services is the world's preferred provider of global communications solutions via satellite for customers on land, at sea, and in flight. Telenor's expanded product portfolio offers broadband satellite solutions, on demand services, and an innovative menu of value-added services capable of meeting communications requirements of users around the globe. Telenor also offers The Source(R), a Web-based account management system available exclusively to Telenor Service Providers.

Telenor Satellite Services owns and operates a global network of teleports located at Eik (Norway), Southbury (Connecticut) and Santa Paula (California) in the United States, and operates VSAT hubs at facilities in Nittedal (Norway) and Prague (Czech Rep). The company uses the satellite systems of Inmarsat, Intelsat, Iridium, New Skies, Satmex, Thuraya and Telenor's own satellites for its services. Telenor Satellite Services Web site is: www.telenor.com/satellite.

About Addvalue Technologies Ltd

Addvalue Technologies Ltd is a leading one-stop digital, wireless and broadband communications technology products innovator, which provides comprehensive satellite communication solutions, tracking and telemetry communications solutions and digital wireless design services for customers and business partners which include global leaders in the communications, information technology and electronics industries. Addvalue Technologies is listed on the Main Board of the Singapore Exchange (symbol: addvaltech). Addvalue Technologies Ltd Web site is: www.addvaluetech.com.

CONTACT: Telenor Satellite Services For more information or photos contact: Tom Surface 301-838-7805 E-mail: thomas.surface@telenor-usa.com or Addvalue Technologies Apple Tan +65 63425421 Email: apple@addvalue.com.sg

Source: Business Wire (Business Wire India)


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