Press Release

Plextek Ltd engaged as design authority for Gizmondo products

Plextek, the independent electronics design consultancy, has just finalised a multi-million pound deal with Gizmondo Europe Ltd, (www.Gizmondo.com) to help design and develop the very latest 'lifestyle' games console that will be launched onto the UK open market during the second quarter of 2004.

As the design authority for Gizmondo, a wholly owned subsidiary of US-headquartered Tiger Telematics, Inc., Plextek will work on the Gizmondo advanced series of new and small handheld products that will combine state of the art gaming and content, with GPS tracking.

Gizmondo is a trendy pocket-sized mobile console which brings together highly desirable content including three-dimensional gaming, SMS texting (with predictive text), MP3 music, video playback (MPEG4) and an in-built digital camera. The handset will also be Bluetooth enabled (allowing multi-player gaming) with accessories such as SD flash cards and stereo headsets available too.

The GPS module on board is highly accurate and can even provide in-building coverage (unlike most commonly-known GPS modules). Parents can keep track of the device at most times. This, combined with all the other 'cool image' features, makes the product a 'must have' for children.

As the product uses the GSM mobile system, it will work in over 250 countries around the world.

Ian Murphy, Technical Director, Plextek says, "We think the Gizmondo technology and products are very exciting and believe we can work closely with Tiger to develop advanced versions with commercially attractive technology and features. Our company's track record clearly indicates our ability to provide Tiger with the new design features that they have envisioned."

Mike Carrender, Chief Executive Officer of Tiger states, "We have embellished and merged our business-to-business telematics experience with the demands of consumer trends with dramatic effect. Our concept is unique in that it combines a wide-range of high-level desirable content at affordable prices. As far as we are aware, no other device contains such a rich mixture of inspirational content.

We have searched long and hard for a developer who has the ability and resource to complement our sales and marketing strategy. Plextek already has a proven track record in communications development and provides a hugely resourceful design engineering team to Gizmondo."

Delivery of the initial batch of 25,000 units is due within the second quarter of 2004. Advanced orders are already in place.

Issued 17/10/2003