Flander Appoints Top IT and Venture Capital Professionals to Company Board

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Flander Ltd, a mobile technology company specialised in software testing and software development with a focus on wireless solutions, today announced the appointment of several acclaimed IT industry and venture capital professionals to the company's board of directors.

Flander Ltd, a mobile technology company specialised in software testing and software development with a focus on wireless solutions, today announced the appointment of several acclaimed IT industry and venture capital professionals to the company's board of directors.

Experienced telecom industry influencer Mike Frayne has been appointed as Flander's Chairman of the Board. Mr. Frayne has founded several highly successful companies including Intec Telecom Systems, a leading provider of billing and mediation solutions for carriers worldwide. Mr. Frayne also served as Executive Chairman and Non-Executive Director of Intec, which currently employs over 1,600 people globally.

Mr. Frayne is also a founder of numerous other IT businesses, including international IT services group iOCORE, which employed almost 700 people globally. iOCORE was founded in South Africa in 1995 and developed operations in both Europe and Australia. The Finnish iOCORE subsidiary became a public company in 2000 and Mr. Frayne chaired this business until it was merged in 2004 to form Sentera Oy. In 2001, Mr. Frayne received the Ernst & Young Entrepreneur of the Year award.

Erik Fröberg has been appointed Flander's Vice Chairman of the Board. Mr. Fröberg has a distinguished career in various executive positions, and he has played key roles in the IPOs of several international companies. Among his previous positions, Mr. Fröberg served as Executive Vice President of Capgemini Sweden, where he held global responsibility for the utilities sector and also developed Capgemini's international business in the telecom sector. Mr. Fröberg was Executive Vice President at LHS Group during the company's IPOs on both Nasdaq and Frankfurt Neue Markt, and subsequently served as CEO of Digiquant AS.

Flander also announced the appointment of Mr. Timo Tiihonen and Mr. Vesa Walldén as board members. Mr. Tiihonen's other current positions include serving as the Chairman of the Board at Sentera, as well as a board member of Tieturi. Mr. Walldén works as a partner at CapMan, in addition to serving as the Chairman of the Board of numerous companies including SecGo and Distocraft, as well as a board member of Solid Information Technology and Hantro. Flander's CEO Mika Heikinheimo and Executive Vice President Seppo Kolari will continue as board members.

"Flander is an active company that I believe will continue to show significant growth. The company is well positioned to exploit opportunities in the market, and I look forward to working with both the management and new board members to help ensure this happens," said Mike Frayne, Chairman of the Board, Flander Ltd.

"Flander's aim is to grow and expand internationally, both organically and through acquisitions. In this process, we are looking for the best available expertise, and have therefore chosen these telecom industry veterans, with their mutually complementary skills, for key positions in the company," said Mika Heikinheimo, CEO, Flander Ltd.

Flander has expanded its business rapidly in recent years. In 2005, the company placed third in the Deloitte Fast 50 listing of growth companies. In September 2005, Flander opened a new office in Beijing, China.

Further information:

Flander Ltd

Mika Heikinheimo, CEO

GSM +358 40 546 4150

Flander Ltd

Mike Frayne, Chairman of the Board

About Flander

Flander Ltd is a mobile technology company specialised in software testing and software development with a focus on wireless solutions. The company has operations in Tampere, Lahti, Salo and Helsinki, Finland, as well as Beijing, China. Its customers include top-tier wireless appliance and network developers and service providers. Flander Ltd employs 180 software and testing professionals. More information at http://www.flander.com.

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Christina Forsgard
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