Elektrobit Oyj - Company Announcement

ELEKTROBIT'S NEW NAME INTO FORCE

Free for publication March 23, 2007 at 08.15 am. (EET)


Elektrobit's New Name into Force


The changes  of  the company's  Articles  of Association  decided  by
Elektrobit's Annual General Shareholders' meeting on March 14,  2007,
were entered into the Finnish Trade register as of today.

By virtue  of  the  registration  of the  changes  to  the  company's
Articles of Association, the company's new name became effective. The
new name is Elektrobit Corporation, in Finnish Elektrobit Oyj.

The amended Articles of Association of Elektrobit Corporation in  its
entirety as  well as  other resolutions  made by  the Annual  General
Shareholders' Meeting were published by  a Stock Exchange Release  on
14 March 2007.


In Oulunsalo, March 23, 2007

Elektrobit Corporation

Further information:
Maija-Liisa Fors
Investor Relations, Director
Tel. +358 40 344 2875

Distribution:
OMX Helsinki
Principal media


About Elektrobit
Elektrobit is a technology  company specialized in embedded  software
and  hardware  solutions   for  selected   automotive  and   wireless
environments. Elektrobit provides  in-car software  products and  R&D
services, advanced mobile terminal R&D services and design as well as
mobile WiMAX  base station  modules  and R&D  services.  Elektrobit's
product portfolio also covers testing,  material handling as well  as
process automation tools and equipment. Elektrobit employs some 2,000
professionals in  13  countries. The  net  sales for  the  year  2006
totalled  MEUR  181.5.  Elektrobit  Corporation  is  listed  on   OMX
Helsinki. www.elektrobit.com