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Iqua Joins Savox Group

Helsinki, Finland – Iqua, a
Bluetooth accessories manufacturer, announced today it had completed a share
purchase agreement with Savox Oy, a provider of communications solutions. The
completion of the agreement results in Iqua becoming part of the Savox Group.

Iqua is perhaps best known for its solar-powered Bluetooth
, the Iqua Sun.

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. “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.”

 Henrik Wikström, Savox Oy president, said: “We
are strong believers in wireless applications both for the consumer and the
professional communications markets. 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.”

A spokesman for the Iqua told TWICE that
becoming part of the Savox Group would not affect Iqua’s headcount.

“Plans call for expansion of U.S. operations in 2010 at the same time the companies
will be exploring synergies between Iqua and Savox sales organizations,” he

Iqua currently has U.S.
sales operations headquartered in Round Rock, Texas,
but the spokesman said it is planning to open a new sales office in New York City, at which time the Texas
staff will relocate.