Positive result development - 01.09.2003 / 31.08.2004

M2M
The business started finally in this business year, after a long R&D time. The larger growth is expected to come next fiscal year 1.09.2004 - 31.08.2005. The M2M R&D will continue, we have a lot of interesting ideas that we can add to our existing product.

We are starting several international M2M projects next fiscal year. We have big excpectations of M2M business division.

Software
Meritie has also developed software products such as Helpdesk. The version 2.0 is now in sale. We develop some more features into it during next year. This product can be used also for many other things such as picture bank, magazine, etc. We have also started with other new software projects. Meritie takes part also in large International project development projects.

Hosting services
Meritie startsed with Hosting services 01.10.2002. We have +300 valued customers today. We expect this service to grow to 400 - 500 clients within the next year.. Meritie AXNdata is offering also database solutions and web publishing tools. Our Control Panel has been valued by our clients. The largest growth is achieved by SMI corporations.

LED products our newest business division
Meritie was asked by its clients to manufacture next generation LED products. We started with R&D during last fiscal year. The deliveries have already started. We can offer new products such as:

• LED prices signs
• LED matrix displays
• LED seven segment displays
• LED bulbs
• LED Tube
• LED Tile
• other products coming from our R&D pipeline during 2004-2005.

• AC adaptors and power supplies
• AC connectors
• Antenna products
• Batteries
• Cables and cable series
• Electronic components
• Female headers
• Jacks and plugs
• Keyboards
• Relays
• RF adaptor cables
• RF connectors
• Warning light and warning panels