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Motorola and Nextel Invest in 4thpass
URL(s): 4thpass Motorola
SEATTLE, Aug. 1 /PRNewswire/ -- 4thpass, Inc. today announced Motorola,
Inc. (NYSE: MOT) and Nextel Ventures, the venture capital unit of
Nextel Communications, Inc. (Nasdaq: NXTL) have invested in the Seattle-based
company.
The Motorola investment was led by Motorola Ventures, the strategic
venture capital arm of the global communications company. 4thpass raised a
total of eight million dollars in its first round of funding.
4thpass (www.4thpass.com) builds and markets technology that efficiently
delivers and manages the latest applications on the next generation of
Java-compliant mobile devices.
"This investment from Nextel and Motorola lends credibility to what we
have always believed -- that our technology will have an impact on the
next-generation of mobile devices," said 4thpass CEO Mazin Ramadan.
Motorola and Nextel are the first companies in North America to offer
Java-enabled wireless phones.
With 4thpass' Mobile Application System(TM) (MAS(TM)), applications
offered by carriers can be downloaded and installed wirelessly. The 4thpass
technology provides telecom companies with new ways to generate revenue and
cut costs for managing wireless Java services.
Nextel was first to market, and is still the only provider of Java-enabled
wireless phones in the U.S. These phones are manufactured by Motorola and
support both Java 2 Micro Edition(TM) (J2ME(TM)) and the Wireless Application
Protocol (WAP).
"We believe Motorola's Java-enabled handsets, with the 4thpass complete
wireless management system and Nextel service, will continue to change the way
people communicate by providing users with enhanced content, personalization
and easy device upgrades," said Jim O'Connor, Managing Director, Motorola
Ventures - Chicago. "Motorola's collaboration with 4thpass reflects our
mission to provide consumers with the richest and most up-to-date
functionality."
"4thpass is an innovator in helping to bring Java applications from
carriers to business and consumer customers," said Tom Kelly, executive vice
president and chief marketing officer and strategic planning at Nextel. "This
investment reflects Nextel's commitment to advance the infrastructure needed
to support rapid development, deployment and adoption of Java applications as
well as provide a more robust management environment for Java-enabled wireless
applications."
About 4thpass
4thpass (www.4thpass.com) builds and markets technology that efficiently
delivers and manages the latest applications on the next generation of
Java-compliant mobile devices. Through its core products, Mobile Application
System(TM) (MAS) and KBrowser(TM), 4thpass gives the telecommunications
industry the ability to provide new applications for mobile devices of
different sizes and capacities, without creating new hardware. With MAS,
wireless carriers can introduce new Java applications and services to their
customers instantly and safely.
About Motorola
Motorola, Inc. is a global leader in providing integrated communications
solutions and embedded electronic solutions. Sales in 2000 were
$37.6 billion. Motorola Ventures (MV) is the global, strategic venture
capital investment arm of Motorola, Inc. MV actively invests at early stages
in developing companies of strategic value to Motorola in order to accelerate
access to new technologies, new markets and new talent. For more information
about Motorola, please visit the web site at www.motorola.com.
About Nextel
Nextel Communications, Inc., based in Reston, Va., is a leading provider
of fully integrated wireless communications services and has built the largest
guaranteed all-digital wireless network in the United States covering
thousands of communities across the United States. Nextel and Nextel Partners,
Inc., currently serve 188 of the top 200 U.S. markets. Through recent market
launches, Nextel and Nextel Partners service is available today in areas of
the U.S. where approximately 220 million people live or work. In addition,
through Nextel International, Inc., Nextel has wireless operations and
investments in Canada, Mexico, Argentina, Brazil, the Philippines, Peru, Chile
and Japan.
SOURCE 4thpass, Inc.
-0- 08/01/2001
/CONTACT: Javed Chaudry of 4thpass Inc., +1-206-903-0203, or
Javed@4thpass.com; or Jennifer Weyrauch of Motorola, Inc., +1-847-435-5320, or
jennifer.weyrauch@motorola.com; or Audrey Schaefer, APR of Nextel
Communications, Inc., +1-240-876-1588/
/Web site: http://www.motorola.com/
/Web site: http://www.4thpass.com/
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