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EXHIBIT 99.2
FOR IMMEDIATE RELEASE
Investor contact: Karen Engebretson
Chief Financial Officer
952.974.7000
[email protected]
Media contact: Gary Hornseth
Hornseth Communications for FieldWorks, Inc.
651.699.0759
[email protected]
FIELDWORKS ANNOUNCES REORGANIZATION AND
REDUCTION IN MANAGEMENT TEAM
EDEN PRAIRIE, Minn. -- (August 17, 2000) - FieldWorks Inc. (NasdaqSC: FWRX), a
leading solution provider and mobile computer supplier for demanding field
applications, announced organizational restructuring related to Kontron Embedded
Computers AG exercising its option to acquire a majority position in FieldWorks.
The management reorganization is designed to take advantage of synergies within
the two companies, reduce on-going administrative and operating expenses, and
further streamline the organization in light of Kontron's deepening involvement
with FieldWorks.
The approximate 10% workforce reduction will occur primarily in the management
of FieldWorks and the transition will occur over the next six weeks.
About FieldWorks
FieldWorks Inc., founded in 1992, designs, manufactures and sells solutions
incorporating rugged computers for transportation, public service,
military/government and heavy equipment industries worldwide. FieldWorks
provides a complete solution to customers that includes product customization,
integration and support services. FieldWorks products are designed and produced
in compliance with its formal quality system, which is certified to the
international ISO9001 quality standard.
Forward-looking statements in this news release, if any, are made under the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Certain important factors could cause results to differ materially from those
anticipated by the statements, including the impact of changing economic or
business conditions, the impact of competition, the availability of financing,
the success of products in the marketplace, other risk factors inherent in the
computer industry and other factors discussed from time to time in reports filed
by the Company with the Securities and Exchange Commission.
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