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Option N.V. Gaston Geenslaan 14 3001 Leuven, Belgium http://www.option.com
Contact Mr JP Ziegler +32 16 31 74 11
Company logo of Option N.V.
Option N.V.

Financial notification

(PresseBox) (Leuven, Belgium, )
Option (Euronext: OPTI; OTC: OPNVY), the wireless technology company, today announced that it has extended its software license agreement with Huawei and has received a payment of EUR 11 million. This extension comes as part of the cooperation agreement signed with Huawei in October 2010 where Huawei agreed to license Option's uCAN Connection Management software, for which the first year of the license was valued at EUR 27 million. The agreement also included the potential for extensions of the license for an amount of up to EUR 33 million over the next 18 months. This transaction, triggered by having reached mutually agreed contractual milestones, is the first of the potential extensions.

Option N.V.

Option, the wireless technology company, is a leading innovator in the design, development and manufacture of 3G HSUPA, HSDPA, UMTS, EDGE, and WLAN technology products for wireless connectivity solutions. Option has established an impressive reputation for creating exciting products that enhance the performance and functionality of wireless communications. Option is headquartered in Leuven, Belgium. The company also has Research & Development in Belgium (Leuven) and Germany (Augsburg) and an ISO 9001 production engineering and logistics facility in Ireland (Cork). Option maintains offices in Europe, US, Asia, Japan and Australia. For more information please visit www.option.com.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.