93PA Ecobank 24s

RNS Number:1991X
Ericsson(L.M.)(Telefonaktiebolaget)
15 January 2001


Ericsson and Skandia set up new company


Ericsson and Skandia have reached an agreement to launch a new company in
the areas of security, safety and health, Alleato AB. The new company will
be owned equally by the two companies, with Huddinge University Hospital
holding a minority share.

Alleato uses a new technology for offering services globally within the
areas of security, safety and health. The technology aims at enabling
people to carry on living at home throughout all life's different phases.

Alleato will also offer new health and medical care solutions.
The services within the security and safety area include remote-controlled
locking devices and doors, fire alarms, burglar alarms and moisture
sensors. Within the area of health, Alleato offers simpler forms of
telecare, the use of medical indicators, security services and home-care
support for the elderly. Huddinge University Hospital, which will hold a
minority share, can supply the new company with both knowledge and access
to an environment where new solutions for the health care of the future
can be developed.

Alleato, which was initiated and supported by Ericsson Business Innovation
and further developed in cooperation with Skandia, uses a technology,
which is based on standardized and open platforms. This means that
customers who purchase Alleato's services do not need to commit themselves
to one single supplier. The technology is based on flexible modules
enabling a smooth evolutionary development and change in the future.

Alleato's infrastructure is based on the open standard Open Services
Gateway initiative (OSGi). In order to provide a wider range of services,
the infrastructure will be made accessible to independent service
providers who will certify their services both technically and
functionally. This certification will guarantee the quality of the
services offered.

A concept referred to as the Partner Program is being implemented within
Alleato in order to support entrepreneurs to develop new innovative
services.

"Ericsson is one of the founders and initiators of the open standard OSGi
on which Alleato's services are based," said Kurt Hellstrom, President
and CEO of Ericsson. "Ericsson will serve as system supplier and system
integrator within Alleato. An important and growing market in the form of
utility services will be created with the services that Alleato can
offer."

"We see this as a natural step toward the development of support and
services, for example within SkandiaLifeline," said Lars-Eric Peterson,
President and CEO of Skandia. "Using the latest technology and innovative
savings solutions, Skandia creates opportunities for new attractive forms
of financing for the different stages of life."
Jan Wangard, President of SkandiaNetline, is appointed Chairman of the new
company, and President will be Bo Nielsen, who has been responsible for
the project within Ericsson Business Innovation.

Ericsson is the leading communications supplier, combining innovation in
mobility and Internet in creating the new era of mobile Internet. Ericsson
provides total solutions covering everything from systems and applications
to mobile phones and other communications tools. With more than 100,000
employees in 140 countries, Ericsson simplifies communications for
customers all over the world.

Read more at http://www.ericsson.com/pressroom

FOR FURTHER INFORMATION, PLEASE CONTACT
Mikael Widell, Director Media Relations
Ericsson Corporate Communications
Phone: +46 703 11 99 60, E-mail: mikael.widell@lme.ericsson.se

Birgitta Hammarstrom, Press Manager, Skandia,
Phone: +46 8 788 2755, +46 70 378 2755
E-mail: birgitta.hammarstrom@skandia.se

Thorbjorn Ekstrom, vVD Huddinge Universitetssjukhus
Phone: +46 8 585 860 60, +46 70 450 77 69
E-mail: thorbjorn.ekstrom@staben.hs.sll.se

About SkandiaNetline
SkandiaNetline is a new business area, which will create an effective
platform for various types of benefit packages. Available benefits include
disability insurance, health care insurance, competence insurance,
pensions and pension administration.

Ericsson Business Innovation
Ericsson Business Innovation AB was formed in July 2000, and is currently
establishing innovation hubs in several countries to support innovative
business ideas and the development of them. The mission of Ericsson
Business Innovation is to initiate and develop business ideas with
potential to become part of Ericsson's future core business. Ericsson
Business Innovation has already invested in a dozen companies including
Wireless Car (a joint venture with Volvo and Telia), Connect Things Inc.
(bar code technology for the Internet), and Terraplay Systems AB (systems
for high-speed multi-player Internet gaming).

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