SOURCE: Iqua

Iqua

October 14, 2009 08:30 ET

Bluetooth Accessories Developer Iqua Ltd. Joins SAVOX Group After Successful Share Transaction

Creator of World's First Solar-Powered Bluetooth Headset Now the Newest Member of the SAVOX Group

HELSINKI, FINLAND--(Marketwire - October 14, 2009) - SAVOX Oy, a leading provider of advanced communications solutions for safety apparel and equipment used by military, police, fire, rescue and industrial professionals, and Iqua Ltd., one of the leading Bluetooth accessories companies, today announced completion of a Share Purchase Agreement, under which Iqua has become one of the companies in the SAVOX Group.

Established in 2004 with backing from venture capital firms Viking Venture (Norway), Eqvitec (Finland) and Finnish Industry Investment, Iqua Ltd. has established itself as one of the innovation leaders in mobile communications accessories.

In 2007, the Finnish-based company introduced the world's first solar-powered Bluetooth headset, the acclaimed Iqua SUN, which incorporates a photovoltaic cell that uses any available light -- outdoors and indoors -- to extend the talk and standby times of the headset.

"Joining the Savox Group will help give Iqua the opportunity to continue its course in providing the very best in consumer technological innovations," said Juha Reima, founder and CEO, Iqua Ltd. "Furthermore, SAVOX Group has developed world-class technology for audio and data applications that are already being used in the most demanding environments by rescue teams, police and military forces. We are very excited that Iqua now has opportunity to integrate many of these technologies into our market segment -- innovations that have previously only been available in professional markets. We are going to become a more interesting player than ever before."

Established in 1982, Finnish-based SAVOX Oy is one of the leading providers of audio and data solutions for demanding professional users.

"We are strong believers in wireless applications both for the consumer and the professional communications markets," commented Henrik Wikström, President of SAVOX Oy. "We were impressed with Iqua's outstanding tradition of product innovation and proven track record. We clearly see excellent growth potential in both consumer and professional markets resulting from the synergies that can be achieved through our respective organizations' sharing of know-how and technologies."

For further information, contact Iqua Ltd., CEO Juha Reima, tel. +358 20 741 9850 or SAVOX Oy, President Henrik Wikström, tel. +358 9 417 1100

About Iqua Ltd.

Iqua Ltd. enhances personal communications with its innovative wireless mobile accessories. Iqua-designed headsets and hands-free devices for the mobile communications market combine state-of-the-art enabling technology, modern Finnish design, user comfort, style and ease of use. Today, Iqua products are available in more than 25 countries, including Apple stores in selected markets and in the points of sales of leading operators and retailers. Visit: www.iqua.com

About SAVOX Group, SAVOX Oy and SAVOX Communications Ltd.

SAVOX Oy is a privately held company in the business of professional communication ancillary devices. SAVOX Communication Ltd., the operational company of SAVOX in Finland, is a leading provider of advanced communications solutions for safety apparel and equipment used in hazardous jobs. Our products are used by military, police, fire, rescue, and industrial professionals. The SAVOX Group's professional ancillary communications products companies include: SAVOX Communications Oy (FIN), SAVOX Communications UK Ltd. (UK), SAVOX Communications GmbH (GER), SAVOX Communications Shenzhen (PRC), LOWE Electronics (UK), Con-Space Communications (CAN), Con-space Communications Europe (UK), Con-space Communications Inc (USA) and Search Systems Inc. (USA). Visit: www.savox.com.

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