STOCKHOLM, SWEDEN -- 05/06/08 --
Ericsson (NASDAQ: ERIC) today announced it is strengthening its
presence in Silicon Valley by opening a research branch in San Jose,
California, in August 2008. Jan Uddenfeldt, an Ericsson Senior Vice
President and Senior Technology Advisor to the CEO, will move to
Silicon Valley to oversee Ericsson research facility in San Jose.
Uddenfeldt also will continue in his current role as a technology
advisor to the head of Ericsson.
Ericsson has one of the largest patent portfolios within the
telecommunications industry, with approximately 23,000 patents
granted worldwide and another 26,000 filed patents under review.
Uddenfeldt, who will be responsible for driving Ericsson research
around converged Internet technologies and furthering collaboration
with leading Internet companies and operators, says: "Our growing
Silicon Valley presence allows us to capitalize on unprecedented
mobile and fixed broadband opportunities that are transforming
consumer lifestyle and enterprise productivity with new applications.
We look forward to leveraging the synergies of our fixed and mobile
broadband leadership under a unique, common R&D setting. Ericsson is
well positioned to continue its innovation and interaction with
leading companies in North American and Silicon Valley in
particular."
In February, Ericsson appointed Bert Nordberg as Chairman of the
Board for Ericsson companies Redback Networks and Entrisphere. As the
most senior Ericsson executive in North America, Nordberg is also
based in San Jose. Nordberg is responsible for accelerating the
company's activities in next generation IP networks and growing their
business with carriers through Ericsson.
Nordberg, who also serves as an Ericsson Executive Vice President and
was previously Head of Sales and Marketing for Ericsson worldwide,
said: "Our new research center combined with Jan's deep IP and
telecom background allow us to continue our North American momentum
in both mobile and fixed broadband deployments and in driving
opportunities among our peers and partners here in the Valley. We
invest heavily in R&D and actively promote open standards and
systems."
Ericsson is the world's leading provider of technology and services
to telecom operators. The market leader in 2G and 3G mobile
technologies, Ericsson supplies communications services and manages
networks that serve more than 195 million subscribers. The company's
portfolio comprises mobile and fixed network infrastructure, and
broadband and multimedia solutions for operators, enterprises and
developers. The Sony Ericsson joint venture provides consumers with
feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through
innovation, technology, and sustainable business solutions. Working
in 175 countries, more than 70,000 employees generated revenue of
USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and
headquartered in Stockholm, Sweden, Ericsson is listed on the
Stockholm and NASDAQ stock exchanges.
For more information, visit www.ericsson.com or www.ericsson.mobi.
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Media Relations
Phone: +46 8 719 69 92
E-mail: press.relations@ericsson.com
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