eRide Embarks on Galileo Ship With New Munich Development Center

SAN FRANCISCO--(BUSINESS WIRE)--Feb. 14, 2006--eRide Inc., a fabless semiconductor company that develops and markets high-sensitivity autonomous and assisted Global Positioning System (GPS) based devices and software for Location Based Services, announced today the expansion of it Global Development Team with the opening of a European Development Center in Munich, Germany. The center will tap into the Munich-based Galileo cluster industries and will be key to the development of the newer generation of eRide chipsets and software code name Opus 3, combining GPS and Galileo technologies. The office will also host an aiding server; demonstrating eRide's end to end positioning solutions and providing local service to European mobile phone operators.


"Germany in general and Munich specifically, with the advent of Galileo and the presence of many respectable automotive makers, has enormous market potential and strategic value," said Jens Bodenkamp, Managing Director, eRide Europe. Bodenkamp will lead the development team which will focus on the development of the Opus 3 GPS -- Galileo dual mode receiver. His team will also provide local applications support to European customers and promote eRide's capabilities to mobile phone operators.

"We see the combination of GPS and Galileo as a major market opportunity to provide consumers with an enhanced location based services experience: better accuracy, better availability, better services. The passion for Galileo comes out of Europe and we will be servicing this directly from the top Galileo location in Europe," adds Arthur Woo, president and CEO of eRide. eRide will demonstrate its high-sensitivity in-door GPS performance and aiding server technology to key customers at the 3GSM World Congress in Barcelona in February 2006.

eRide is a fabless semiconductor company that develops and markets high sensitivity GPS and assisted GPS (A-GPS) solutions for location based services. eRide combines its GPS system expertise with RF and digital semiconductor to offer semiconductor IP, chipsets, software, aiding servers and a GPS global reference networks. eRide's technology has been adopted by a broad base of leading customers including semiconductor companies, high volume mobile consumer devices manufacturers and cellular network operators. Founded in 1999, eRide is headquartered in San Francisco, California, and has offices in North America, Asia and Europe. For further information please contact infoeurope@eRide.com or visit our website at www.eRide.com.

Offices addresses:

USA: eRide Headquarters, 3450 California Street, San Francisco, California, USA Tel: 415-359-9500

Germany: eRide Europe GmbH, Ismaninger Strasse 17 - 19, D-81675, Muenchen, Germany Tel: +49 (89) 4130-0651