The Red Herring event is an exclusive conference for the leading players in the technology industry and beyond, including retail, finance, media and entertainment. Speakers and audience members are hand picked by the influential magazine for their innovation and vision. Altawave President and Chief Technology Officer Tom Green introduced the prestigious group to Altawaves soon-to-be available HOTSWAP TM server, their new flagship product for bringing wireless carriers closer to their premier enterprise accounts through collaborative systems management. Altawave HOTSWAP TM and AltaLinks TM personalization services provide a robust and seamless infrastructure that can be scaled to many millions of business users executing mobile applications.

HOTSWAP TM is a highly scalable infrastructure server that enables wireless carriers to empower their premium corporate clients to directly manage their employees access to their mobile intranet, while controlling the level of personalization granted to individual end-users. Among other features, the AltaLinks TM personalization services enable both carriers and enterprise managers to specify menu items displayed on wireless devices, including those that can be customized by the user and those that are fixed. Additional modules for the HOTSWAP TM server will be unveiled in 2001. The company also will develop customized modules for individual carriers and enterprise IT departments, Green added.

We believe HOTSWAP TM and AltaLinks TM will be important tools for building the mobile intranet that both enterprise IT managers and their wireless carriers want to see emerge, said Tom Green, We are introducing an architecture which will scale as carriers add services and users. And it will be a catalyst for forging strong bonds between carrier and enterprise IT staffs. Ultimately, thats the only way for the promise of the wireless Web to be realized in the corporate market.

Green also said that HOTSWAP TM currently is undergoing trial use at a major North American wireless carrier, and that Altawave expects to make it and the AltaLinks TM middleware commercially available worldwide in the first quarter of 2001.

The HOTSWAP server will allow carriers to create new value by extending what they can offer their premium enterprise accounts. It enhances a carriers ability to manage the deployment of services among users, including combining applications offered by a corporate clients IT staff, services from consumer portals and eventually authorized third-party publishers.

We were honored to be invited to present at this years Red Herring conference, said Green. This conference focuses on the most important emerging trends and we couldnt have asked for a better audience or a better way to bring Altawave out of stealth mode and into the public eye..

ABOUT ALTAWAVE
Altawave Inc. was founded in March 1999 by the management team of the California-based IBM/Lotus Mobile Communications Group.

The Fremont-based company currently is pursuing a second round of financing. Its first round of financing was managed by Pequot Capital with New Millennium Partners and Clarity Capital.