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  • Mio Technology Merges Brand with Navman

~Agreement combines Mio Technology’s hardware heritage
with Navman’s software and content expertise~

LAS VEGAS – Jan. 7, 2008 – Mio Technology Corporation announced today that it is merging the Navman and Mio brands. Both companies are now subsidiaries of MiTAC International Corporation.

"With the merger of the Mio and Navman brands, two complementary organizations have been brought together with a shared passion for delivering consumers the best navigation experience," said Samuel Wang, president, Mio Technology Corporation. "Mio Technology brings core competencies in hardware to the table, while Navman brings expertise in software and content, creating a new brand that is better able to create unique, innovative products and services."

Despite the merger, the Navman brand will continue to exist in select markets, including the United Kingdom, Spain, Australia and New Zealand. Products from both Mio Technology and Navman are appearing at the 2008 Consumer Electronics Show in Las Vegas (Jan. 7-10) at the Mio booth (LVCC South Hall 4, Booth 35344).

The Mio booth will feature a refreshed corporate identity, developed to reflect the new union of the Mio Technology and Navman brands.

About Mio Technology Corporation

Mio Technology develops and markets products that enable users to take advantage of the latest developments in mobile services. The company was established in May 2002 and now has operations in Taiwan, mainland China, Europe, North America, Australia, Japan, and South Korea. Mio Technology has more than 1,200 employees worldwide and sells and markets its products in over 47 countries and territories. The company offers a wide array of mobile navigation products, which today includes car navigation systems, handheld navigation systems, GPS Mio Technology Ltd. Mio Technology Merges Brand with Navman Page 2 of 2

PDA phones and GPS PDAs, all designed to enable people to explore and discover the world around them. Mio Technology is among the world’s top three vendors of mobile devices with integrated GPS. The company is online at www.mio.com.

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