GeoSentric Oyj - Company Announcement

GyPSii and Garmin sign global multi-year agreement for location-based services and social networking

GEOSENTRIC OYJ		BULLETIN	26.6.2008 at 08:00                                     


GyPSii and Garmin sign global multi-year agreement for                          
location-based services and social networking                                   

GeoSentric Oyj (GyPSii) (OMX: GEO1V) the leading geo-location and mobile social 
networking provider, today announced its GeoSolutions BV Business Unit (GyPSii) 
has entered into a multi-year worldwide agreement with Garmin®, the world's     
global leader in satellite navigation.                                          
Under the terms of the agreement, GyPSii                                        
will provide technology, products, worldwide data center infrastructure,        
development licenses, and GyPSii branding rights to Garmin, on a worldwide      
non-exclusive basis for a range of Garmin products. Garmin anticipates that     
future products will include friend finding applications that support the       
GyPSii-powered location-based social networking services platform.              
The                                                                             
agreement provides development licenses to Garmin, to leverage the GyPSii       
location-based geo-social networking services infrastructure for internal       
development and integration with its products. The agreement also has provisions
for revenue sharing between GyPSii and Garmin.                                  
GyPSii uniquely incorporates a wide range of location-specific functions and    
mobile lifestyle services - including mobile search, user generated             
content-sharing and social networking - in a single platform.                   
“We're very excited to work with an established global market leader like       
Garmin to deliver its consumer navigation solutions,” said Dan Harple, Executive
Chairman of GeoSentric. “This agreement underscores GyPSii as the leading       
platform for delivering on a global level the next generation of mobile social  
networking communities and location-aware mobile lifestyle services. Our        
agreement with Garmin opens up these new functions and services to consumers    
everywhere and takes the multi-billion dollar navigation market in an exciting  
new direction.”                                                                 
GyPSii currently interoperates on Symbian, Windows Mobile, and                  
BlackBerry devices, as well as the Apple iPhone, along with browser-based       
Internet connected devices. It can be accessed on the web at www.gypsii.com or a
compatible phone's mobile browser at www.gypsii.com/m.                          
About GeoSentric Oyj (GyPSii)                                                   

GeoSentric's GyPSii is the market-leading mobile lifestyle application and      
geo-mobility platform, connecting people, places and communities across networks
and devices. GyPSii provides a geo-location social networking platform and      
services for mobile and web Internet-connected devices. Based in Salo, Finland  
and Amsterdam, The Netherlands, GeoSentric operates offices in North America,   
Europe and Asia Pacific. GeoSentric is listed on the Nordic Exchange (OMX:      
GEO1V). For more information, visit www.gypsii.com.                             
© 2008 GyPSii Inc. All rights reserved.                                         


For Press                                                                       
Dave McCann / Alex Sowden                                                       
The CC Group                                                                    
+44 (0) 118 920 7650                                                            
gypsii@the-cc-group.com                                                         

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