Psion Expands Through Teklogix Take Over

[Mississauga, CANADA] The Boards of Psion PLC
and Teklogix International Inc. agreed to
Psion acquiring Teklogix through a combination of cash and shares,
subject to regulatory approvals.

Psion is a group of four technology companies focused on providing
mobile Internet and corporate network solutions. It is the largest
shareholder in Symbian, a joint
venture company owned by Psion, Ericsson, Motorola, Matsushista and
Nokia. Symbian’s objective is to develop and market its platform
technology as the industry standard for the next generation of mobile
Internet communication and computing devices.

Teklogix provides real-time data collection and communication solutions
to industrial users, for use especially in the logistics area, based on
local area networks and wide area networks.

Teklogix brings local wireless integration skills, a strong North
American brand, and a global customer base including customers such as
Cadbury Schweppes, Dell Computer, Compaq, Hertz, Volkswagen and Honda

This takeover provides Psion with wireless integration capabilities
while the technologies will help to exploit mobile access to the
Internet. The combined businesses provide a fit of wireless technologies
including Wireless IEEE Standard 802.11, Bluetooth and access to
Symbian’s EPOC technology.

Ian McElroy, currently president and chief executive officer of
Teklogix, will join the Board of Psion and be responsible for managing
the combined business of Teklogix and the Enterprise Computing division
of Psion.

“Psion views the industrial wireless communications market as
tremendously important in the development of Psion’s strategy,” said Dr
David Potter, chairman of Psion. “This strategy is focused on the
potential to harness the mobile Internet in all workplaces, the home and
within other environments such as education or health.”

The acquisition is expected to be completed by the end of the third
quarter of this year.

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