Oslo, Saturday, January 1, 2000
Stock Exchange Notification
CONTRACT FOR 3D PHOTONAVÂ®
Blom has entered into an agreement with the Portuguese navigation and electronic company NDrive Navigation Systems SA for sale of 200 000 licenses for 3DPhotoNav® for delivery in 2008.
NDrive will sell navigation products based on Blom`s technological solution in various European countries. The value of the contract is NOK 40 - 65 million.
The agreement supports the expectations Blom has to its unique databases covering around 1 000 cities in Europe and to the applications Blom has developed for Location Based Services (LBS) and navigation for mobile phones and handheld devises.
For further information please contact:
CEO, Mr. Dirk Blaauw, on tel. +47 22 13 19 23 or
CFO Jan Erik Braathen on tel. +47 22 13 19 24.