Device Arena

Nokia and novero GmbH today announced that the transfer of Nokia’s line fit automotive business in Bochum and Düsseldorf, Germany, and Detroit, USA to novero has been completed. novero is owned by Razvan Olosu, the former head of Nokia’s Automotive business and Enhancements unit, and Equity Partners GmbH, a German private equity firm. With this transfer novero assumes full ownership of the line fit automotive business, effective June 16, 2008. The transaction will enable continuance of the employment for approximately 230 employees of the line fit automotive business.

“Nokia’s line fit expertise combined with Razvan Olosu’s established position in automotive business forms a solid foundation for novero to strengthen their operations. With his experience in this industry, the line fit business continues in good hands, allowing the business and customer relationships to go on smoothly”, said Heikki Tenhunen, Vice President, Enhancements, Nokia.

Razvan Olosu, CEO of novero said: “We are pleased to conclude this deal and focus on implementing our strategy with full steam ahead. In-car mobile communication, information and entertaintaiment are becoming more and more common in the market, and the line fit automotive market is exhibiting solid growth rates. We are confident there will be great opportunities for us to continue this successful business.”

novero plans to strengthen the main operations of the line fit automotive business in Germany and the United States, and increase the focus and dedication in serving the current customers in the automotive industry. novero aims to play a leading role in the growing market for automotive communications and multimedia solutions, and position itself at the forefront of innovation in the industry.

Nokia

Nokia introduced today the Nokia E71 and Nokia E66 - the latest email-optimized devices from the Nokia Eseries product range. The sleek Nokia E71 with full QWERTY keyboard and the stylish, slide-to-open Nokia E66 easily mobilize a broad range of personal or professional messaging needs, including Microsoft Exchange, the world’s most widely adopted corporate email solution. Both devices are expected to begin shipping in key markets in July. The Nokia E71 and the Nokia E66 are expected to retail at EUR 350, before applicable taxes and subsidies.

“The Nokia E71 and Nokia E66 were designed for people who lead a mobile lifestyle and want quick and easy access to their personal and work email. With both of these devices, we have responded to consumer feedback by making calendar and contacts available at the touch of a button,” said Søren Petersen, Senior Vice President, Devices, Nokia. “Equally important, people want well-crafted devices that are as beautiful to use as they are to behold. Stainless steel was chosen as the core material for these devices, giving them additional strength and a touch of class. Furthermore, the Nokia E71 and Nokia E66 offer all the latest multimedia features that people desire.”

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Nokia today announced the launch of the Nokia Advertising Alliance, which will simplify mobile advertising for brand advertisers. The program brings together leading mobile marketing solutions, including couponing, location-based targeting, image recognition, and other emerging technologies, to offer advertisers a simple way to increase consumer engagement. Now brands can work with Nokia to combine the reach of mobile advertising on the Nokia Media Network with the latest mobile technologies for more effective campaigns.

“Mobile is maturing into an effective advertising medium, however, the fragmentation of certain technologies makes it hard for some programs to scale,” said Brian Bos, Senior Vice President, Convergence Director at MindShare-Team Detroit. “We applaud Nokia’s efforts to streamline this evolving market and make it easier to manage our clients’ mobile advertising investment.”

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Nokia Nseries today announced it will be the exclusive telecom sponsor of the prestigious Young Lions Film Competition aimed at supporting and nurturing young talent in the advertising industry. Each of the creative teams in the film segment will be provided with a Nokia Nseries handset with which to shoot their entry in this famous annual competition. While the teams shoot their stories, Nokia will collect footage to produce regular video blogs highlighting teams in action at www.nseries.com/cannes. In addition, the footage will be used for a “behind the scenes” documentary that will be televised globally later on.

“The Young Lions Competition provides us with an excellent opportunity to showcase our Nokia Nseries range as the mobile devices for content creation and creativity. With their state-of-the art image and video capture and sharing features, Nokia Nseries handsets enable people to take full advantage of their creativity,” said Johan Eidhagen, Marketing Director, Explore category, Nokia.

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The European Commission today announced that it has unconditionally approved Nokia’s voluntary tender offer for all the shares in Trolltech ASA. Nokia will now proceed with the consummation of the offer.

Settlement for the shares tendered in the offer is expected to take place on June 6, 2008. In accordance with section 3.9 of the offer document, Nokia has determined that the tendered shares shall be acquired by its wholly owned subsidiary, Nokia Norge AS.

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A total of 136 825 shares of Nokia Corporation were subscribed for between May 8, 2008 and May 30, 2008 based on Nokia’s 2003 and 2005 employee stock option plans. The total amount of subscription prices will be recorded in the fund for invested non-restricted equity.

The new shares will be recorded in the Trade Register on or about July 4, 2008. The new shares carry full shareholder rights as from the registration date. The shares are admitted to public trading on the OMX Nordic Exchange Helsinki as of the registration date together with the old Nokia share class (NOK1V).

Nokia

MOSH (http://mosh.nokia.com), a mobile and online content consumption, creation and sharing service, has joined the Nokia Media Network, and now offers advertisers the opportunity to reach customers around the globe who are downloading original mobile content. The Nokia Media Network provides reach to more than 100 million consumers around the globe through advertising on blue-chip mobile publishers, operator partners and Nokia properties.

“We are committed to expanding the Nokia Media Network, which is growing rapidly in both reach and quality, so we can drive greater results for our brand advertisers,” said Mike Baker, vice president and head of Nokia Interactive Advertising. “The MOSH audience, comprised of the heaviest users of mobile content around the world, is particularly desirable to many of our top advertisers.”

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Nokia and Sasken Communication Technologies today announced that the transfer of Nokia’s Adaptation Software R&D operations in Bochum, Germany has been completed. With this transfer Sasken Communication Technologies assumes full ownership of the software R&D entity, effective May 31st, 2008. The transaction will enable continuance of the employment for 35 employees of the software R&D entity in Bochum.

“Nokia and Sasken have been successfully cooperating over the recent years and with this new set up we are further widening the long-term collaboration between Nokia and Sasken”, said Heikki Heinaro, Vice President, Adaptation Software, Nokia.

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The two-day S60 Summit was opened today in Barcelona. The event highlights the largest contingent of mobile application developers in the event’s history including more than 60 exhibits featuring location, enterprise, social media and productivity solutions as well as the latest devices. This annual event is open to all members of the S60 ecosystem, such as S60 device manufacturers, operators, service providers, hardware technology providers, software developers, analysts, scientists and academics from all continents.

“S60 Summit offers the S60 stakeholders an opportunity to share and discuss the S60 future trends and business opportunities,” said Matti Vänskä, Vice President, Mobile Software Sales and Marketing, Nokia. “Today the collaboration with one of the key stakeholders, Samsung, is strengthened with the launch of the business style L870. This announcement increases the total count of announced S60 devices to 79,” he continues.

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Nokia today dealt deep layer enterprise security threats another blow as it launched the Nokia IP1280 - the latest in its line of high performance, multi-core IP Security appliances. Nokia also announced that global sales of its existing multi-core solutions, including the Nokia IP690 and IP2450, had exceeded 1500 units since their introduction in mid 2007.

Nokia’s multi-core solutions support Check Point’s latest multi-core software applications for security with performance, all backed by Nokia’s global technical support. Using Nokia IPSO operating system and its extensive administration features included with the platforms, customers can gain better visibility of traffic flow and system performance for more for intelligent security management. The Check Point CoreXL multi-processing software functionality feature set is also available on the appliances, combining the multi-core technologies and with the operating systems to combat security threats by accelerating firewall throughput and SmartDefense performance.

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