 
Firecomms MOST Fiber Optic Transceiver chosen for use in Hyundai Autonet Infotainment Systems Yokohama, Japan - February 12, 2008 - Firecomms Ltd. today has announced that its Fiber Optic Transceiver (FOT) components have been selected by Hyundai Autonet for use in its Media Oriented Systems Transport (MOST®) infotainment networking products. Hyundai Autonet’s products will be installed by car manufacturers, with Kia Motors the first adopter for its Mohave sports utility vehicle. "The Korean market is presently one of the most exciting and innovative places in the world for the development of new automotive infotainment systems," said Niall Keegan, Firecomms' general manager, Asia Pacific. "Firecomms is very proud to be associated with this first release of MOST products by Hyundai Autonet and Kia Motors. We look forward to building on the close relationship developed with our Korean partners during the design of this new platform." MOST multimedia technology enables the networking of feature-rich infotainment systems in automobiles by providing the means to distribute multimedia entertainment functions among the various control devices around the car. For example, a CD changer, radio, global positioning system, mobile telephone, and DVD player in an efficient ring network can utilize the MOST network to send crisp, static-free audio signals digitally to the amplifier. About Firecomms Ltd:Firecomms, a compound semiconductor company, develops high-speed light sources in visible range wavelengths. Firecomms’ lasers and LEDs provide the groundwork that will revolutionize optical data communications for small area networks, such as in-car networks and home networks. Firecomms’ low power visible lasers unleash the potential for advances in medical devices, barcode scanners, and optical storage devices. The Ireland-based company leverages its ten years of photonics research experience, optical expertise, and extensive IP portfolio to develop cost-effective solutions for applications in which the use of glass fiber optics is prohibitively expensive. For more information visit: About Hyundai Autonet: Hyundai Autonet, an automotive electronics specialist, has made driving safer and more comfortable since 1985. The company received the first award of the J.D. Power and Associates 2007 Multimedia Quality and Satisfaction StudySM in the AM/FM/Single CD Player category, which it achieved by the company’s customer satisfaction strategy based on competitive capabilities of technology, quality, cost and time to market. Hyundai Autonet strives to be a global leader in the field of car infotainment systems by developing platforms based on integrated Audio/Video/Networking (AVN) systems. The company successfully launched the first AVN using MOST in Korea, proving that Hyundai Autonet has truly global competitiveness. For more information visit: About Atlantic Bridge Ventures: ABVEN, which has offices in Dublin and London, is one of the most experienced private technology investment funds in Europe, comprising a team of highly experienced technology sector leaders with a proven track record in acquisitions, exits and commitment to development of investee companies. It focuses on providing funding to companies with potential for significant impact on global markets. The team has particular expertise in providing growth equity for technology companies thereby helping them achieve global scale and profitability and driving these businesses towards successful exits either in the public markets or through trade sales. For more information visit: — ENDS — |