IPMobileNet Announces Election of Keith Cowan as President and Chief Operating Officer

SANTA FE SPRINGS, CA – July 8, 2002: IPMobileNet is pleased to announce that Keith S. Cowan has been elected President and Chief Operating Officer, and to the Company’s Board of Directors.  Mr. Cowan was President and Chief Executive Officer of Elecsys Corporation, a manufacturer of radio navigation systems and other electronic products.  Previously Mr. Cowan held positions at Teledyne Controls and System Development Corporation, where he managed the development of networking systems and software, including secure TCP/IP implementations.

“We are excited to have someone with Keith’s experience and capability lead IPMobileNet’s growth.” said Nick Memmo, Chairman of the Board of IP MobileNet and Partner at Kline Hawkes & Co.  ”Mr. Cowan is a proven business leader with a successful track record in radio systems and computer network software design. His results-oriented management skills and commitment to quality as President and CEO of Elecsys Corporation resulted in the development of a market leadership position and completion of a successful IPO.  In addition,Mr. Cowan has extensive program management and international marketing experience, having sold and delivered over $150 million of radio systems in 30 countries around the world.

“I am delighted to join IPMobileNet during this time of rapid growth at the Company.  The Company’s unique native IP and diversity reception architecture, coupled with advances in its integrated GPS and voice over IP (VoIP) technology provide excellent opportunities for accelerating our position in the market,” said Mr. Cowan.  “I am also extremely pleased with the management team at IPMobileNet and the opportunity to work with industry leader and IPMobileNet Board member Stan De Cosmo.”

About IP MobileNet

IPMobileNet is a leading designer, manufacturer and integrator of private wireless data solutions.  With more than two decades of innovation in wireless data communications, IPMobileNet built its world class reputation by providing highly reliable mobile data communications networks for the public safety, utility, transportation and government markets. IPMobileNet has developed unique technology that addresses the specific needs of the private mobile wireless market, including the first 100% native IP system for voice and data, a TDMA multiplexing scheme that quadruples channel capacity, and a sophisticated diversity receiver technology that significantly improves network throughput and reliability in difficult urban and suburban environments. www.ipmobilenetinc.com

IPMobileNet is a venture capital backed company whose investors manage in excess of $1 billion.  These investors include Kline Hawkes & Co. (www.klinehawkes.com), FA Technology Ventures (www.fatechventures.com), Sorrento Ventures (www.sorrentoventures.com) and E*Capital Corporation (www.e-cap.com).