Motorola Ventures Invests in Tekion

Investment to Facilitate Development of Tekion's Micro Fuel Cell Power Source

for Mobile Products



Nov 08, 2005, 00:00 ET from Motorola, Inc.

    SCHAUMBURG, Ill., Nov. 8 /PRNewswire-FirstCall/ -- Motorola, Inc.
 (NYSE:   MOT) announced today that Motorola Ventures, Motorola's equity
 investment arm, has made a strategic investment in Tekion, Inc., a North
 American developer of micro fuel cells for mobile products.  Financial terms
 of the agreement were not disclosed.
     Tekion is driven by the mission to take mobile devices "off the grid(TM)".
 By integrating advanced battery technology with a unique micro fuel cell
 technology, Tekion is creating a new "personal power source", known as the
 Formira(TM) Power Pack, that will fit inside mobile products and enable
 consumers to stay connected for as long as needed.
     Tekion's unique product technology provides a competitive advantage for
 portable electronic products in the power range of milliwatts to 50 watts and
 energy range of 10 to 100 watt-hours.  Several products and markets fall
 within these power and energy levels including:  industrial handheld
 computers, satellite communication devices, notebook PCs, and other mobile
 products.
     "Our decision to invest in Tekion was motivated by its cutting-edge
 technology and experienced leadership in micro fuel cell development," said
 Warren Holtsberg, corporate vice president, equity investments and director of
 Motorola Ventures.  "As mobile products have simultaneously miniaturized and
 increased in functionality, battery capacity has become a significant
 challenge.  Tekion's non-flammable Formira(TM) fuel cell technology combined
 with an advanced battery technology, such as lithium ion, is a practical and
 efficient solution.  Tekion's technology will help advance Motorola's vision
 of bringing seamless mobility to wireless users."
     "With a common vision and focus on wireless devices, Motorola is the ideal
 strategic partner for Tekion," said Neil Huff, president and chief executive
 officer of Tekion.  "Motorola's investment validates our business plan and
 further illustrates the need for improved power delivery solutions for mobile
 products.  Our goal is to optimize Formira fuel cell technology for portable
 electronic devices and to provide end-users with greater flexibility and
 convenience."
 
     About Tekion
     Tekion, Inc. is a North American company with operations in both
 Champaign, Illinois and Burnaby, British Columbia.  By integrating advanced
 battery technology with a unique micro fuel cell technology, Tekion is
 creating a new "personal power source".  Known as a Formira(TM) Power Pack,
 this new power source is capable of fitting inside your mobile device.  For
 more information, visit http://www.tekion.com .
 
     About Motorola Ventures
     Motorola Ventures (MV) is the global, strategic venture capital investment
 arm of Motorola, Inc.  MV invests at all stages in developing companies of
 strategic value to Motorola in order to accelerate access to new technologies,
 new markets and new talent.  For more information, visit
 http://www.motorola.com/ventures .
 
     About Motorola
     Motorola is a Fortune 100 global communications leader that provides
 seamless mobility products and solutions across broadband, embedded systems
 and wireless networks.  In your home, auto, workplace and all spaces in
 between, seamless mobility means you can reach the people, things and
 information you need, anywhere, anytime.  Seamless mobility harnesses the
 power of technology convergence and enables smarter, faster, cost-effective
 and flexible communication.  Motorola had sales of US $31.3 billion in 2004.
 For more information: http://www.motorola.com/ .
 
 

SOURCE Motorola, Inc.
    SCHAUMBURG, Ill., Nov. 8 /PRNewswire-FirstCall/ -- Motorola, Inc.
 (NYSE:   MOT) announced today that Motorola Ventures, Motorola's equity
 investment arm, has made a strategic investment in Tekion, Inc., a North
 American developer of micro fuel cells for mobile products.  Financial terms
 of the agreement were not disclosed.
     Tekion is driven by the mission to take mobile devices "off the grid(TM)".
 By integrating advanced battery technology with a unique micro fuel cell
 technology, Tekion is creating a new "personal power source", known as the
 Formira(TM) Power Pack, that will fit inside mobile products and enable
 consumers to stay connected for as long as needed.
     Tekion's unique product technology provides a competitive advantage for
 portable electronic products in the power range of milliwatts to 50 watts and
 energy range of 10 to 100 watt-hours.  Several products and markets fall
 within these power and energy levels including:  industrial handheld
 computers, satellite communication devices, notebook PCs, and other mobile
 products.
     "Our decision to invest in Tekion was motivated by its cutting-edge
 technology and experienced leadership in micro fuel cell development," said
 Warren Holtsberg, corporate vice president, equity investments and director of
 Motorola Ventures.  "As mobile products have simultaneously miniaturized and
 increased in functionality, battery capacity has become a significant
 challenge.  Tekion's non-flammable Formira(TM) fuel cell technology combined
 with an advanced battery technology, such as lithium ion, is a practical and
 efficient solution.  Tekion's technology will help advance Motorola's vision
 of bringing seamless mobility to wireless users."
     "With a common vision and focus on wireless devices, Motorola is the ideal
 strategic partner for Tekion," said Neil Huff, president and chief executive
 officer of Tekion.  "Motorola's investment validates our business plan and
 further illustrates the need for improved power delivery solutions for mobile
 products.  Our goal is to optimize Formira fuel cell technology for portable
 electronic devices and to provide end-users with greater flexibility and
 convenience."
 
     About Tekion
     Tekion, Inc. is a North American company with operations in both
 Champaign, Illinois and Burnaby, British Columbia.  By integrating advanced
 battery technology with a unique micro fuel cell technology, Tekion is
 creating a new "personal power source".  Known as a Formira(TM) Power Pack,
 this new power source is capable of fitting inside your mobile device.  For
 more information, visit http://www.tekion.com .
 
     About Motorola Ventures
     Motorola Ventures (MV) is the global, strategic venture capital investment
 arm of Motorola, Inc.  MV invests at all stages in developing companies of
 strategic value to Motorola in order to accelerate access to new technologies,
 new markets and new talent.  For more information, visit
 http://www.motorola.com/ventures .
 
     About Motorola
     Motorola is a Fortune 100 global communications leader that provides
 seamless mobility products and solutions across broadband, embedded systems
 and wireless networks.  In your home, auto, workplace and all spaces in
 between, seamless mobility means you can reach the people, things and
 information you need, anywhere, anytime.  Seamless mobility harnesses the
 power of technology convergence and enables smarter, faster, cost-effective
 and flexible communication.  Motorola had sales of US $31.3 billion in 2004.
 For more information: http://www.motorola.com/ .
 
 SOURCE  Motorola, Inc.

RELATED LINKS

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