For Immediate Release Contact: Maia Tihista Spyglass 1.630.245.6510 [email protected] Joey Lee Shandwick Convergence 1.310.201.8857 [email protected] Spyglass Secures $20 Million Multi-year Strategic Internet Solutions Agreements with Microsoft Spyglass Providing Services and Technology to Microsoft for Windows CE-Based Devices; Opens Door for Spyglass to Assist Microsoft OEMs Naperville, Ill. -- Wednesday, April 7, 1999 -- Spyglass (NASDAQ: SPYG) announced today a new strategic agreement with Microsoft Corp. which provides Spyglass a minimum of $20 million in revenues over a three-year period. Spyglass will license technology and provide services to Microsoft that will help to accelerate the development and deployment of Windows CE-based products. Spyglass will work directly with Microsoft to develop and integrate multiple Windows CE-based applications for Internet device manufacturers that are developing products utilizing the Windows CE operating system. In addition, Microsoft has licensed Spyglass technology and is exploring ways to utilize this technology to enhance the Windows CE experience. This is the second multi-million, multi-year solutions agreement Spyglass has announced in fiscal 1999. In October 1998, Spyglass announced a $20 million solutions agreement with General Instrument to build services and applications for General Instrument's digital cable platform at the new Digital Software Integration Center, which is owned jointly by Spyglass and General Instrument. "Spyglass continues to strengthen its ability to use key technologies and platforms, such as Windows CE, to help our customers deliver state-of-the-art products and services," said Doug Colbeth, Spyglass president and CEO. "We assist customers in developing Web-enabled products and services by supporting 'best of breed' technologies and platforms. By working directly with Microsoft to enhance Windows CE, we will be in a position of leveraging our expertise to provide our customers unique advantages when they choose to utilize Windows CE in their products and services." "Working with Spyglass to build Internet device solutions is a strategic move to extend the success of the Windows CE platform," said Harel Kodesh, vice president, information appliances division, Microsoft Corp. "Microsoft chose Spyglass to provide development services and technology due to its long-standing leadership in providing Internet solutions to device manufacturers and service providers. Spyglass' extensive customer and project management experience, in support of the Windows CE platform, will help enable the development of a broad variety of products and services for intelligent connected appliances." In separate news, Spyglass President and CEO Douglas Colbeth officially returned from the previously announced temporary medical leave to full-time status and has resumed his responsibilities for the day-to-day management of the company. About Spyglass Spyglass (NASDAQ: SPYG) provides Internet expertise, software and services for making devices work with the Web. Particularly active in the interactive television and mobile data markets, Spyglass solutions are used by market-leading companies including GTE, General Instruments, Motorola, NEC, Nokia, Thomson Consumer Electronics (RCA) and Xerox. Spyglass headquarters are located at 1240 East Diehl Rd., Naperville, Ill., 60563; phone: 1.630.245.6512; fax: 1.630.245.6693; press email inquiries: [email protected]; Web site: http://www.spyglass.com -30- (April 1999) Spyglass and the Spyglass logo are trademarks or registered trademarks of Spyglass, Inc., in the United States and other countries. Mosaic is a trademark of the University of Illinois. (Other technologies and brand names are trademarks or registered trademarks of their respective companies.) This release contains information about management's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors that are discussed in the company's annual report on Form 10-K for the year ended September 30, 1998, which is on file with the SEC.
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