Mio Technology’s new Brussels building demonstrates a long term commitment to the European market

New offices of Mio Technology (a subsidiary of Mitac International Corp.) are to be formally inaugurated on 22 May 2008 in Brussels, Belgium. With the completion of the new building, Mio now has three branch offices within Europe: Brussels in Belgium, London in England and Warsaw in Poland. The new building is indicative of Mio’s ambitions towards local development and symbolizes the completion of strategic European deployment.

The official opening ceremony will be attended by Mitac-Synnex Chairman Mr. Matthew Miau.

Paul Notteboom, President of Mio Technology says “Mio has achieved extraordinary performance levels in Europe after entering the market only four years ago. The new building is a reflection of our growth and success. This means our three European branch offices can more effectively respond to local market needs and deliver first-class after sales service.”

The Mio Technology Corp. under MiTAC International was established in 2002, and within one year of entering Western Europe won a large market share with the aid of creative product design and strong strategic marketing. So far, 2008 has been an important year for Mio, with the launch of a new brand identity and the Moov product range. Mio has continued to lead through innovation, bringing industry firsts like Local Search and SiRF Instant Fix II to the market.

Ms. Patricia Ceysens, Flemish Minister of Economy, Entrepreneurship, Science, Innovation and Foreign Trade says “The inauguration of a new building in Brussels by an international company like Mio, symbolizes a belief in our region’s people which will bring prosperity to the local economy”.

Based on Q1 2008 Canalys figures, Mio Technology is the number three vendor of mobile satellite navigation devices with integrated GPS receivers across EMEA, with a market share of 9.5%.