Press Releases

Mobility Electronics Signs Licensing Agreement With OQO for Split Bridge Technology

Tuesday October 21, 8:12 am ET

Split Bridge Technology to Be Used for Connectivity and Docking in Innovative New OQO Ultra Personal Computer

SCOTTSDALE, Ariz., Oct. 21 /PRNewswire-FirstCall/ -- Mobility Electronics, Inc. (Nasdaq: MOBE - News), a leading provider of innovative portable computing solutions for the mobile electronics device user, today announced a licensing agreement in which OQO, Inc. will license Mobility Electronics' Split Bridge® technology. Under the terms of the agreement, OQO will incorporate Split Bridge into their new ultra personal computer (UPC), a fully functional PC running Microsoft® Windows XP that fits in your pocket. The OQO UPC is the smallest high-performance Microsoft Windows XP personal computer, providing a unique combination of power, mobility and flexibility. Its ultra-dense design allows for a reduction in the size, complexity and power consumption relative to other personal computers.

"Split Bridge is an ideal technology for mobile computing devices, such as our OQO UPC, that need to work with high-performance peripherals," said Jory Bell, CEO of OQO. "This innovation from Mobility Electronics allows us to achieve a pocketable form factor while providing a powerful, high-speed link to the peripherals our users demand."

Split Bridge technology, designed, developed and sold under Mobility Electronics' MAGMAT brand, provides for standard, flexible docking and connectivity for any PCI-based computing system. By serializing the transmission of data over a thin cable, Mobility Electronics' patented Split Bridge technology allows the extension of a computer's main PCI bus to a remote location and provides bi-directional bandwidth of 1.25 Gbps. It is faster than other connectivity technologies currently available, such as Firewire or USB 2.0, and provides a low cost, high-bandwidth solution to support virtually any peripheral device. Mobility Electronics' Split Bridge technology won the PC Week Best New Technology Award at COMDEX Fall 1999 and received honorable mention at the March 2000 Mobile Insights conference for the Technology Achievement Innovation of the Year.

"We are excited to team with, and provide our Split Bridge technology to, OQO," noted Brian Stech, director of sales, marketing and services of Mobility Electronics' MAGMA branded products. "Their small, robust UPC is the perfect candidate for a simple, yet powerful connectivity solution such as Split Bridge."

Mobility Electronics' MAGMA branded products lead the PCI Bus expansion and remote connectivity industry. Sold out of San Diego, California, MAGMA provides innovative, high-tech expansion solutions to major original equipment manufacturers (OEMs), resellers and end-users in various industries in more than 45 countries. MAGMA's solutions include CardBus-to-PCI Expansion Systems, PCI-to-PCI Expansion Systems, bus expansion link kits, Split Bridge technology, and serial adapters for embedded applications, servers, notebooks, and desktop computers. The MAGMA brand also has a broad portfolio of expansion and connectivity related patents. For additional information on MAGMA products and services, call 858-530-2511, or visit its website at www.magma.com .

About OQO, Inc.

OQO, Inc. has developed the OQO ultra personal computer (UPC), a full- power, full-featured personal computer running Microsoft Windows XP in a pocketable form factor. The OQO UPC has all the performance and functionality of a thin-and-light notebook including a 1GHz processor, 256 MB of RAM, and a 20GB hard drive yet with the form factor and battery life of a PDA. The device weighs twelve ounces and the battery lasts for 6 hours under normal usage scenarios.

OQO was founded in 2000 by Jory Bell and Joe Betts-Lacroix along with other members of the team that developed the Titanium Powerbook® at Apple®.

About Mobility Electronics, Inc.

Mobility Electronics, Inc., based in Scottsdale, Ariz., is a leader in the mobile computing industry, designing, developing and marketing products that allow users to get more from their mobile computing devices. The company's innovative solutions include power devices, docking stations, software and accessories for handheld and notebook computers, as well as connectivity and expansion products for servers, desktop and portable computers.

Mobility Electronics' brands include both the iGo® and MAGMA product lines. iGo's flagship products include the industry's first combination AC/DC power adapter, JuiceT, as well as first-to-market handheld software and accessory products such as PitchT and QuickofficeT. The company's MAGMA line of patented expansion products enables the industry's only PCI expansion solutions for servers, desktop and mobile computing users.

Mobility Electronics' products are available to mobile professionals directly via the company's award-winning Web site ( www.igo.com ) as well as through the company's global distribution base of leading resellers, retailers and OEM partners. For additional information on Mobility Electronics' products and services, call 480-596-0061, or visit its Web site at www.mobilityelectronics.com .

iGo is a registered trademark, and Juice, Quickoffice, Pitch and MAGMA are trademarks of Mobility Electronic, Inc. All other trademarks or registered trademarks are the property of their respective owners.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to our market opportunities. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in the forward-looking statements include the loss of, and failure to replace, any significant customers; the timing and success of new product introductions; the development and introduction of new products by us and our competitors; the performance of suppliers and subcontractors; industry and general economic or business conditions; and other factors detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.