BEDMINSTER, NJ and WATERLOO, ON — Verizon Wireless, the largest wireless service provider in the U.S., and Research In Motion (RIM) (Nasdaq: RIMM; TSX: RIM), the leading developer of wireless enterprise solutions, intend to offer a new BlackBerry™ handheld for Verizon Wireless' national high-speed Express NetworkSM. Express Network customers can expect average data transmission speeds between 40 and 60 kilobits per second (kbps) with bursts up to 144 kbps. The BlackBerry 6750™, based on the proven and popular BlackBerry wireless platform, supports CDMA 1X and will operate on Verizon Wireless' national high-speed Express Network; this will mark the first time that BlackBerry will be available on a 1X network in the U.S. Verizon Wireless and RIM said the BlackBerry 6750 on Express Network is expected to launch in the first quarter of 2003. Further details were not disclosed.
About Research In Motion (RIM)
Research In Motion is a leading designer, manufacturer and marketer of innovative wireless solutions for the worldwide mobile communications market. Through the development of integrated hardware, software and services that support multiple wireless network standards, RIM provides platforms and solutions for seamless access to time-sensitive information including email, phone, SMS messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers to enhance their products and services with wireless connectivity. RIM's portfolio of award-winning products, services and embedded technologies are used by thousands of organizations around the world and include the BlackBerry™ wireless platform, the RIM Wireless Handheld™ product line, software development tools, radio-modems and software/hardware licensing agreements. Founded in 1984 and based in Waterloo, Ontario, RIM operates offices in North America, Europe and Asia Pacific. RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSX: RIM). For more information, visit www.rim.com or www.blackberry.com.
The BlackBerry and RIM families of related marks, images and symbols are the exclusive properties of Research In Motion Limited. All other brands, products and company names mentioned herein may be trademarks or registered trademarks of their respective holders.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, whether RIM and Verizon Wireless will enter into a definitive agreement, risks relating to possible product defects and product liability, risks related to international sales and potential foreign currency exchange fluctuations, continued acceptance of RIM's and Verizon Wireless' products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in RIM's and Verizon Wireless' periodic reports filed with the United States Securities and Exchange Commission and other regulatory authorities. Verizon Wireless and RIM assume no obligation to update the forward-looking information contained in this press release, except as otherwise required by applicable law.
About Verizon Wireless
Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 31.5 million customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com.
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