Techstep ASA — Report Publication Announcement 2015

Feb 13, 2015

Birdstep Technology, now restructured with a new focus, publishes a detailed Information Document describing the sale of Birdstep Technology Oy (Secure Mobility)

Birdstep Technology, now restructured with a new focus, publishes a detailed Information Document describing the sale of Birdstep Technology Oy (Secure Mobility)

Birdstep Technology ASA (OSE: BIRD) has today

released an Information Document following the sale

of Birdstep Technology OY. In the document the

reader will receive detailed information about the

transaction and the rationale behind the sale. The

Information Document is attached in this filing.

This transaction enhances Birdstep's capital

structure, providing growth capital for the core

business. After the transaction on January 2nd 2015

Birdstep is now structured with a more determined

focus and is prepared and equipped to execute

entirely on our Smart Mobile Data business,

offering advanced HetNet, Big Data Analytics and

Mobile Advertising solutions for Mobile Network

Operators, Cable Network Operators, IoT and Device

Manufacturers. With our new focus and capital we

will drive sales by expanding geographically,

further develop product portfolio and strengthen

the company´s position in high growth markets.

While Birdstep has become a leader in the area of

WiFi Offload, a new and larger opportunity has

evolved from WiFi Offload into what is becoming

known as the Heterogeneous Network (HetNet). The

HetNet is the process of the Mobile Operator

consolidating their cellular and WiFi networks into

a single cohesive service offering. Birdstep

provides the technology for mobile operators to

enable the HetNet service for their mobile

consumers.

The HetNet opportunity arises as service providers

provide seamless network access to smart phones

(currently 2 billion and growing 20%) and smart

mobile devices, such as iPads, (currently 500

million and growing 30%) through the orchestration

of cellular and WiFi networks. Birdstep is the

technology leader in smart HetNet access, and is

used by 41 million smart devices and

growing. "This market is only 4% penetrated, which

means that we have a lot of room to scale." said

Lonnie Schilling, CEO of Birdstep Technology ASA.

In 2015 Birdstep aims to lead in providing mobile

operators with an intelligent addition to their

HetNet and ease the challenge they have with

improving coverage and capacity on their networks.

Mobile operators will continue to pursue

technological advancements to address demand and

the Intelligent HetNet is the solution.

"Our discussions with mobile operators globally has

confirmed that WiFi is the enabling technology

being adopted to enable the HetNet. We believe

that 2015 will be the year that operators around

the world, including MVNO's and cable operators,

will be more aggressive in their use of the HetNet

to address their customers massive growth in mobile

data consumption" Schilling continued.

Birdstep will address how to manage those

challenges when participating in many events

globally; Mobile World Congress in Barcelona, Asia

Summit in Singapore, WBA Global Congress in London,

Carrier Wi-Fi Summit in London and Dallas, CTIA in

Las Vegas and MENA Summit in Dubai.

About Birdstep Technology

Birdstep Technology is a leading provider of Smart

Mobile Data for mobile network operators, mobile

virtual network operators, cable network operators

and OEMs. Birdstep delivers industry-leading

solutions for wireless connectivity and service

management. Birdstep is listed on Oslo Stock

Exchange. www.birdstep.com

For further information please contact:

Marie-Louise Nilsson Kanon

VP Market Communications

+46 70 2325998