Kontron AG

ots Ad hoc-Service: Kontron embedded computer Kontron aims to take over 100 percent of the Canadian company Memotec

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    Eching (ots Ad hoc-Service) - Kontron Embedded Computers AG, one of the leading suppliers of minituarised computers worldwide wants to take over the Toronto stock exchange listed Memotec Communications Inc. A binding contract between both companies stipulates that Kontron will purchase the total up to 16.9 million shares of the Canadian software company in exchange for maximum 550,000 Kontron shares. The agreement will presumably be ratified in the middle of June 2001, subject to the agreement of the Candadian stockmarket supervisory authority SEC and the shareholders' annual meeting of Memotec.

    Memotec manufactures telecommunication software which permits integrating video and audio communication via data lines. In the 2000 business year Memotec achieved a turnover of 20 million euros with 160 staff according to provisional figures. For 2001 approx. 25 million euros turnover are planned together with a markedly positive result.

    For Kontron the acquisition represents a considerable reinforcement of the telecommunications business unit as well as further improved presence on the North American market. With this acquisition Kontron can supply open telecommunications platforms based on embedded computers and embedded software in the future. In addition, according to the Board of Kontron, this commitment will lead to a tax relief for the Kontron Group of approx. 4 million euros in 2001 and a further million euros in 2002 due to Canadian tax law. Good-will write-offs do not apply.

    Investor Relation: For further information: Sigrid Seidl Dr. Udo Nimsdorf Kontron Embedded Computers AG Engel & Zimmermann AG Oskar-von-Miller-Str. 1, Agentur für Wirtschaftskommunikation

    85386 Eching Schloss Fußberg, Am Schlosspark 15, Tel: 08165/77643, Fax 08165/77219 82131 Gauting Tel: 089-89 35 633, Fax: 089-89 39 84 29 Email: sigrid.seidl@kontron.com Email: info@engel- zimmermann.de

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