2007'02.01.Thu
netomat Announces Motorola Ventures Investment

February 28, 2006

NEW YORK, Feb. 28 /Xinhua-PRNewswire/ -- netomat, Inc., pioneers in Mobile-PC convergence, announced today that Motorola, Inc. (NYSE: MOT) through Motorola Ventures, its strategic venture capital arm, made an investment in the company. Financial terms of this agreement were not disclosed. netomat's IP-based platform was built from the ground up to make it is easy to get and share content -- both user-generated and 3rd party -- across any IP-connected device, including mobile phones, PCs and set-top boxes. The company recently launched netomat hub, the first group picture, text and RSS sharing service for mobile phones and PCs. The service seamlessly integrates multiple essential services for real-time group communication, including picture and text messaging with presence, RSS syndication, trusted social networking, digital photo storage and update alerts. "Motorola and netomat share a common vision of seamless mobility," said Matthew Growney, managing director of Motorola Ventures. "Consumers want to be connected to the people and content that matters to them regardless of the device or network they happen to be using." "We are extremely pleased Motorola decided to invest in our company," said Alan Gershenfeld, CEO of netomat. "We share their vision for IP-based convergence and are excited by the range and power of their devices, which are optimized for convergent services. Motorola's investment will further enable us to develop our platform, which enables friends, family and colleagues to stay connected instantly to whatever is important to them." About netomat netomat is a software company whose mission is to break down barriers to communication. The company is privately held and financed by a group of investors including venture capitalists, foundations and individuals reflecting the company's genesis as a network based art project as well as the company's goal to build an innovative, responsible and profitable software company. For more information visit http://www.netomat.net . About Motorola Ventures Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV invests at all 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, visit http://www.motorola.com/ventures . About Motorola Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $36.8 billion in 2005. For more information about our company, our people and our innovations, please visit http://www.motorola.com . NOTE: netomat and netomat hub are registered trademarks of netomat, Inc. All other registered or unregistered trademarks are the sole property of their respective owners. For more information, please contact: Gary Byrd FortyThree, Inc. Tel: +1-831-621-3773 Email: netomat@fortythreepr.com SOURCE netomat, Inc.
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