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Siemens Communications Combines Wireless and Wire Line Infrastructure, Devices, and Convergence Applications To Meet Needs of Mobile Workforce, Society

Posted on: Thursday, 29 July 2004, 06:00 CDT

NEW YORK, July 29 /PRNewswire-FirstCall/ -- Siemens Corporation, a subsidiary of Siemens AG , announced the formation of a new business in the United States called Siemens Communications, a new unit combining wireless and wire line infrastructure, devices, and IP (Internet Protocol) convergence applications. Andy Mattes, who has been leading Siemens' U.S. networking business, will be appointed president and CEO of the new U.S. company.

(Logo: http://www.newscom.com/cgi-bin/prnh/20021029/SILOGO )

With headquarters in Boca Raton, Florida, the U.S. company will play a key role in the global business of Siemens Communications, which will be Siemens' largest global unit, with sales of $18.5 billion and 60,000 employees. Mattes will serve on the board of the new global organization, with additional worldwide responsibilities for all enterprise businesses. When the merger of all Siemens wire line and mobile businesses is completed on October 1, 2004, Siemens Communications will serve the largest installed base of wireless and wire line carrier and enterprise customers in the world and emerge as the only company in the United States capable of providing end-to-end solutions for all major customers in the industry -- wireless and wire line carriers, enterprises, cable operators and service providers.

"We have created Siemens Communications to address the revolution in communications brought about by the explosion of mobile communications devices and solutions and the exciting possibilities of IP converged solutions," said Mattes. "The U.S. market is particularly compelling for Siemens Communications because our technology is giving customers -- from teenage cell phone users to CIOs of large corporations -- some of the most innovative communications tools and solutions in the world."

"Mattes stands out as one of the best and the brightest among Siemens' new generation of leaders," said George Nolen, president and CEO of Siemens Corporation, the parent company of Siemens' U.S. businesses. "As a key architect of our global strategy in the Enterprise Networks space, Mattes has helped us stand apart from our competitors both in terms of technological innovation and business results."

About Siemens

Siemens AG is one of the world's largest global electronics and engineering companies with reported worldwide sales of $80.5 billion in fiscal 2003. Founded more than 150 years ago, the company is a leader in the areas of Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 65,000 people throughout all 50 states and Puerto Rico. Ten of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 417,000 people in 192 countries. For more information on Siemens in the United States: http://www.usa.siemens.com/.

This release contains forward-looking statements based on beliefs of Siemens management. The words "anticipate,""believe,""estimate,""forecast,""expect,""intend,""plan,""should," and "project" are used to identify forward-looking statements. Such statements reflect the company's current views with respect to future events and are subject to risks and uncertainties. Many factors could cause the actual results to be materially different, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend or assume any obligation to update these forward-looking statements.

Photo: http://www.newscom.com/cgi-bin/prnh/20021029/SILOGO

Siemens Corporation

CONTACT: Paula Davis of Siemens AG, +1-212-258-4260,Paula.Davis@Siemens.com

Web site: http://www.usa.siemens.com/

Company News On-Call: http://www.prnewswire.com/comp/000728.html

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