MOTOROLA SIGNS CONTRACT WITH KOREA DAEWOO SECURITIES FOR CONVERGED NETWORK INFRASTRUCTURE HONG KONG, May 10, 2000/PRNI-HK-AsiaNet/ -- Motorola's Multiservice Networks Division today announced it has signed a networking equipment contract with Korea Daewoo Securities, valued at over US$3 million. Under the terms of the Agreement, Motorola will supply to Daewoo Securities a complete network solution consisting of high performance Vanguard 8550 series multiservice concentrators and award winning 6455 series routers. The contracted network solution will link all the information systems of Korea Daewoo Securities to 6 major nodes countrywide and to all of Daewoo Securities' 170 branches, headquarters, and 5 major overseas branches in Tokyo, New York, Hong Kong, London and Singapore and will serve as the backbone of DARWIN (Daewoo Advanced Reliable Worldwide Information Network). The new network will enable Daewoo Securities to offer online access to its 800,000 customers, and to provide a platform for internal Human Resources, Finance, inter-company mail, broadcasting, internal phone calls and internet access. Daewoo Securities also plans to launch a system in the near future to enable its headquarters to monitor the status of all the branches using Motorola's RemoteVU video technology. "We are pleased to have won a major contract from Daewoo Securities over strong competition. This shows the high confidence from the market towards Motorola's integrated network access devices as well as our dedicated team of local country support and strong channel partner," says Mr. Philip Chan, Vice President and General Manager of Motorola's Asia Pacific Multiservice Networks Division. The Vanguard routers excelled in Korea Daewoo Securities' IP performance and voice tests. This contract award reinforces Motorola's position in the Multiservice router market. The Vanguard routers make it easy for Korea Daewoo Securities to converge voice, data, video and fax on its IP network. The Vanguard solutions provide best-in-class reliability, flexibility, bandwidth efficiency, and seamless migration to future services. Schaumburg, Ill.-based Motorola, Inc. (NYSE: MOT) is a global leader in providing integrated communications and embedded electronic solutions. Sales in 1999 were $30.9 billion. For more information about Motorola, visit the web site at http://www.motorola.com/networking Editorial Contact: Gene Quon Senior Marketing Manager Motorola Multiservice Networks Division Tel: 852 2966 3577 Gene.Quon@motorola.com SOURCE: MOTOROLA