Motorola Makes Strategic Investment in ViVOtech

SCHAUMBURG, Ill. and SANTA CLARA, Calif., Nov. 12
/PRNewswire-FirstCall/ -- Motorola, Inc. through its Motorola Ventures
strategic venture capital arm, today announced that it has made an
equity investment in ViVOtech Inc., an acknowledged leader in
contactless and mobile phone payment technologies. Financial terms of
the deal were not disclosed.

Unlike other contactless technology offerings available on the
mobile application market today, ViVOtech's platform is designed for
easy collaboration among issuers, mobile operators and technology
providers to deliver the most intuitive and integrated consumer
experience across a range of new customer services.

"Motorola continues to invest in new technologies that enable
consumers to expand the value and functionality of the mobile phone,"
says Reese Schroeder, managing director, Motorola Ventures. "This
investment reflects Motorola's commitment to building and participating
in a world class mobile commerce ecosystem."

"ViVOtech creates more value for financial institutions and
retailers by enabling the electronic payment transaction process," said
Michael Mullagh, ViVOtech's chief executive officer. "Our platform is
transforming the way consumers spend money, make payments and purchases
-- making it so simple that any mobile phone user can securely and
easily buy items with a simple wave of the mobile device at one of our
NFC-powered contactless readers."

Today's on-the-go consumers are looking for simplified and more
secure ways to pay for goods and services. Near Field Communication
(NFC) technology is broadening the usefulness of mobile devices through
short-range wireless connectivity which enables the phone to interact
with payment systems for a wide variety of transactions, including
those at the point-of-sale, ATMs and kiosks. Additionally, this
connectivity allows for location-based personalized loyalty, coupon and
promotion programs, and user authentication for check-in at airline and
hotel self-service stations. ViVOtech's comprehensive NFC technology
offerings enable these new mobile features to provide best-in-class
payment transactions at merchant locations all over the world.

About ViVOtech

ViVOtech is the market leader in Near Field Communication (NFC)
mobile payments, promotions, and over the air (OTA) provisioning
infrastructure software, transaction management software, NFC smart
posters, and Contactless terminals. These innovative solutions allow
millions of consumers to make Contactless payments with radio
frequency-enabled credit/debit cards, fobs, and NFC mobile phones.
ViVOtech's products are used by the most prominent retailers all over
the world. With more than 330,000 units deployed in 27 countries,
ViVOtech products are used at movie theaters, fast food restaurants
(QSR), casual dining establishments, convenience stores, gas stations,
drug stores, grocery stores, buses, taxicabs, kiosks and vending
machines, enabling a wide variety of businesses to accept
Contactless/NFC payments and promotions. In addition to Motorola,
ViVOtech's investors include First Data Corporation, NCR, Nokia, Alloy
Ventures, Draper Fisher Jurvetson, DFJ Gotham Ventures, Miven Venture
Partners, and an undisclosed Fortune 500 company. For more information
about ViVOtech's innovative solutions please visit
http://www.vivotech.com.

About Motorola

Motorola is known around the world for innovation and leadership in
wireless and broadband communications. Inspired by our vision of
seamless mobility, the people of Motorola are committed to helping you
connect simply and seamlessly to the people, information, and
entertainment that you want and need. We do this by designing and
delivering "must have" products, "must do" experiences and powerful
networks -- along with a full complement of support services. A Fortune
100 company with global presence and impact, Motorola had sales of US
$42.8 billion in 2006. For more information about our company, our
people and our innovations, please visit http://www.Motorola.com.