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Press Releases

Hyperwave AG and Extant Asia Ltd - Sign agreement for major e-business initiative

July 5, 2000

Hyperwave AG, and Extant Asia Limited have signed a Preferred Partnership Agreement, which allows Extant to provide enterprise solutions based on Hyperwave's Information Server and Portal products for the Greater China region, - Hong Kong, Taiwan and the People's Republic of China.

Extant plans to launch a series of innovative offerings to support and provide a total corporate management solution for government departments, large corporations, and also for use by small to medium enterprises ( SMEs ). This will enable organizations to have a full range of customized solutions, taking care of their huge volumes of routine information, documents and project management workloads. It will also provide easy and secured communication and workflow management within organizations and business to business ( B2B ) partners.

"We are delighted to be collaborating with Extant on what we expect to be a highly successful partnership. We see complementary synergies, similar strategies, values and aspirations from Extant. This agreement will better position us in the Asia Pacific e-business solutions marketplace," said Markus Wachsmuth, Vice-President International Sales, Hyperwave AG.

"The combination of an outstanding product set and technical expertise of Extant and Hyperwave allows us to build a strong value proposition in the Asia Pacific region by providing dedicated corporate management systems and solutions based on Hyperwave's knowledge management platform," said David Lai, CEO and Managing Director of Extant Asia Limited. "Extant's alliance with Hyperwave is an enhancement of our IT total solution package for governments, enterprises, B2B portals and eCommerce activities in Greater China.

About Extant

Asia Limited Extant Asia Limited was founded in June 1999 to capitalize on the significant growth opportunities in the Asia Pacific Internet, IT & telecommunication services market. Extant Asia Limited is the Asia Pacific Headquarters of Extant, Inc. (http://www.extant.net), whose major shareholders are : Safeguard Scientifics, Inc. (NYSE:SFE) www.safeguard.com, Exelon Capital Partners www.exeloncorp.com, a subsidiary of PECO Energy (NYSE:PE) www.peco.com, Lucent Technologies (NYSE:LU) www.lucent.com, Telstra Corporation Limited (ASX:TLS) www.telstra.com and EnerTech Capital partners www.enertechcapitalpartners.com.

The company is a regional facilities-based Total Solution Provider offering various telecommunications services to extend Extant's worldwide ATM network into Asia Pacific, as well as a full range of services within the field of interactive digital communication, focusing on strategic solutions for Internet, Intranet, Extranet, e-commerce, knowledge management, and integrated business solutions. The company is building Asia Pacific's first integrated network of e-service specialist.

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