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Cellport Systems Completes Series C Round to Fuel Telematics Development

30 October 2000

Cellport Systems Completes Series C Round to Fuel Telematics Development

    BOULDER, Colo., Oct. 30 Cellport Systems further secured
its leadership role in the telematics industry with today's announcement that
the company completed its series C investment round, valued at $22.5 million.
    Cisco Systems, Inc. led this round of financing.  Other investors include
Rock Creek Capital, Alignment Capital Partners, and GLQ Entrepia, Inc.
    The company will use the new capital to accelerate development of
advanced IP-based telematics products for the automotive and transportation
industries.  The funding also will expand applications for Cellport's
universal hands-free platform.
    Cellport will collaborate with Cisco on product development with the goal
of connecting commercial and passenger vehicles to the Internet.  Cellport's
first telematics product, the CP2100 Mobile Network Server integrates IP
wireless data, GPS, vehicle bus interfaces with an embedded application
platform.  Leading vehicle manufacturers ranging from passenger cars to
construction equipment are developing applications with the product.
    "The Internet will quickly drive telematics from proprietary, closed
systems to open architectures," said Pat Kennedy, Cellport founder and CEO.
"There are many paths to the Internet-connected vehicle, and Cellport will
provide the products and licensed technologies that will accelerate both
wireless handset-based and vehicle-embedded solutions."
    "The winners in telematics will be companies able to drive the convergence
of wireless, Internet and automotive technologies," said Jonathan Lawrence, VP
Dain Rauscher Wessels and telematics analyst, "Cellport is solving the
pressing needs of automotive manufacturers to support wireless handsets in
vehicles while building a foundation with Cisco for true Internet
integration."

    About Cellport Systems
    Cellport Systems, Inc. is a Boulder, Colorado-based, privately-held
company and a world leader in providing in-vehicle wireless communications and
telematics systems.  The company's products include the Cellport 3000, the
industry's first universal hands-free platform.  For vehicle-embedded
telematics, the company's CP2100 Mobile Network Server integrates IP wireless
data, GPS, and vehicle bus interfaces with an open application platform.
Investors include AT&T Wireless Services, Cisco Systems, Flanders Language
Valley Fund, and @Road.  For more information, please visit the Cellport
Systems web site at http://www.cellport.com.