Pantech to Showcase FLOTM Technology in Wireless Handsets at CTIA Wireless 2006

SEOUL, South Korea/LAS VEGAS, U.S. - April 5, 2006: Pantech Group - the number two mobile phone manufacturer in South Korea - today announced plans to showcase FLO technology in its newly designed handset at CTIA WIRELESS 2006, as a means of highlighting its lasting commitment to creating innovative communications applications for mobile users worldwide.

The new handset, with a slim slide design (19.5-mm thick), incorporates FLO technology, a multicast innovation and key component of QUALCOMM's MediaFLO™ system, which allows for the simultaneous and cost-effective delivery of unprecedented volumes of high-quality, streaming or clipped, audio and video multimedia content to mobile subscribers.

Sung Kyu Lee, President & CEO, Pantech Wireless, Inc., said: "Our focus on R&D and new technologies has been a key factor in the growth of Pantech in the mobile communications sector globally in recent years. We have built our reputation on innovation and the FLO-enabled handset we'll be showing at CTIA 2006 is just one example of our efforts to be first with new systems and applications."

The FLO-enabled phone - which will be on display at the QUALCOMM booth and in Pantech's meeting facilities at CTIA WIRELESS 2006 - is currently in the testing and evaluation phase of production at Pantech. The company decided to proceed with the design of the new phone based on its wide experience with the development of Digital Multimedia Broadcasting (DMB) handsets.

With a 2.2 inch QVGA LCD, the handset is optimized for viewing content using FLO technology. In the near future, as the company builds its brand in the market, Pantech will introduce more advanced FLO technology phones in the United States.

Pantech's focus on innovation is underscored by the fact that more than half of its 5,000 strong workforce is dedicated to R&D. Reinvestment in R&D accounts for approximately 10% of total revenues. Last year, the company invested a total of USD320 million in R&D.

Pantech has a strong track record in creating landmarks in the mobile sector. Notable 'firsts' include the world's largest (1GB) NAND flash memory music phone, the world's first Bluetooth DMB phone and the world's first finger print recognition camera phone.