PR Newswire - A United Business Media Company PR Newswire - A United Business Media Company PR Newswire - A United Business Media Company
Home PRN Direct Today's News Multimedia News Industry Focus International Investing Public RSS Feeds Our Services About Us Contact Us
PR Newswire for Journalists  
 
Company Snapshot: NOK  Print This Story  Email This Story  Save this Link View PR Newswire's RSS Feed  Blogs Discussing this News Release  Search Blogs that Mention this News Release  Click this link to view linked Bookmarking Services Click this link to view linked Blogging Services


    
  Nokia and Matsushita Battery Agree on Costs Related to BL-5C Batteries

    Matsushita Battery to Cover the Direct Costs Related to the Advisory

    HELSINKI, Finland and TOKYO, Japan, August 24 /PRNewswire-FirstCall/ --
Nokia (NYSE:NOK) and Matsushita Battery Industrial Co., Ltd. of Japan are
in agreement that Matsushita will cover the direct costs related to the
August 14, 2007 product advisory on Nokia-branded BL-5C batteries.
    "Nokia and Matsushita have a long business relationship and the two
companies are cooperating closely together in this situation," said
Masatsugu Kondo, President of Matsushita Battery. "Matsushita Battery has
agreed to cover the direct costs associated with the product advisory,
including, among other things, logistics costs, call center costs, and
replacement battery costs."
    "The safety of our customers and the reliability and quality of our
products are our top priorities," said Robert Andersson, head of Nokia
Customer and Market Operations. "We are pleased with the good cooperation
between Nokia and Matsushita. Together we aim to serve consumers in the
best possible manner and minimize the inconvenience this issue could cause
them."
    Any Nokia consumer who is currently using a Nokia product containing a
BL-5C battery subject to the product advisory can request a replacement
battery free of charge. Customers who would like to check if their BL-5C
battery is subject to the advisory should visit the website
http://www.nokia.com/batteryreplacement or contact their local Nokia call
center.
    About Nokia
    Nokia is the world leader in mobility, driving the transformation and
growth of the converging Internet and communications industries. Nokia
makes a wide range of mobile devices and provides people with experiences
in music, navigation, video, television, imaging, games and business
mobility through these devices. Nokia also provides equipment, solutions
and services for communications networks.
    http://www.nokia.com
    FORWARD-LOOKING STATEMENTS
    It should be noted that certain statements herein which are not
historical facts, including, without limitation, those regarding: A) the
timing of product, service and solution deliveries; B) our ability to
develop, implement and commercialize new products, services, solutions and
technologies; C) expectations regarding market growth, developments and
structural changes; D) expectations regarding our mobile device volume
growth, market share, prices and margins; E) expectations and targets for
our results of operations; F) the outcome of pending and threatened
litigation; and G) statements preceded by "believe," "expect,"
"anticipate," "foresee," "target," "estimate," "designed," "plans," "will"
or similar expressions are forward-looking statements. These statements are
based on management's best assumptions and beliefs in light of the
information currently available to it. Because they involve risks and
uncertainties, actual results may differ materially from the results that
we currently expect. Factors that could cause these differences include,
but are not limited to: 1) competitiveness of our product portfolio; 2) our
ability to identify key market trends and to respond timely and
successfully to the needs of our customers; 3) the extent of the growth of
the mobile communications industry, as well as the growth and profitability
of the new market segments within that industry which we target; 4) the
availability of new products and services by network operators and other
market participants; 5) our ability to successfully manage costs; 6) the
intensity of competition in the mobile communications industry and our
ability to maintain or improve our market position and respond successfully
to changes in the competitive landscape; 7) the impact of changes in
technology and our ability to develop or otherwise acquire complex
technologies as required by the market, with full rights needed to use; 8)
timely and successful commercialization of complex technologies as new
advanced products, services and solutions; 9) our ability to protect the
complex technologies, which we or others develop or that we license, from
claims that we have infringed third parties' intellectual property rights,
as well as our unrestricted use on commercially acceptable terms of certain
technologies in our products, services and solution offerings; 10) our
ability to protect numerous Nokia patented, standardized, or proprietary
technologies from third party infringement or actions to invalidate the
intellectual property rights of these technologies; 11) our ability to
manage efficiently our manufacturing and logistics, as well as to ensure
the quality, safety, security and timely delivery of our products, services
and solutions; 12) inventory management risks resulting from shifts in
market demand; 13) our ability to source quality components and
sub-assemblies without interruption and at acceptable prices; 14) Nokia's
and Siemens' ability to successfully integrate the operations, personnel
and supporting activities of their respective businesses as a result of the
merger of Nokia's networks business and Siemens' carrier-related operations
for fixed and mobile networks forming Nokia Siemens Networks; 15) whether,
as a result of investigations into alleged violations of law by some
current or former employees of Siemens, government authorities or others
take actions against Siemens and/or its employees that may involve and
affect the carrier-related assets and employees transferred by Siemens to
Nokia Siemens Networks, or there may be undetected additional violations
that may have occurred prior to the transfer, or ongoing violations that
may occur after the transfer, of such assets and employees that could
result in additional actions by government authorities; 16) the expense,
time, attention and resources of Nokia Siemens Networks and our management
to detect, investigate and resolve any situations related to alleged
violations of law involving the assets and employees of Siemens
carrier-related operations transferred to Nokia Siemens Networks; 17) any
impairment of Nokia Siemens Networks customer relationships resulting from
the ongoing government investigations involving the Siemens carrier-related
operations transferred to Nokia Siemens Networks; 18) developments under
large, multi-year contracts or in relation to major customers; 19) general
economic conditions globally and, in particular, economic or political
turmoil in emerging market countries where we do business; 20) our success
in collaboration arrangements relating to development of technologies or
new products, services and solutions; 21) the success, financial condition
and performance of our collaboration partners, suppliers and customers; 22)
any disruption to information technology systems and networks that our
operations rely on; 23) exchange rate fluctuations, including, in
particular, fluctuations between the euro, which is our reporting currency,
and the US dollar, the Chinese yuan, the UK pound sterling and the Japanese
yen, as well as certain other currencies; 24) the management of our
customer financing exposure; 25) allegations of possible health risks from
electromagnetic fields generated by base stations and mobile devices and
lawsuits related to them, regardless of merit; 26) unfavorable outcome of
litigations; 27) our ability to recruit, retain and develop appropriately
skilled employees; and 28) the impact of changes in government policies,
laws or regulations; as well as the risk factors specified on pages 12-24
of the company's annual report on Form 20-F for the year ended December 31,
2006 under "Item 3.D Risk Factors." Other unknown or unpredictable factors
or underlying assumptions subsequently proving to be incorrect could cause
actual results to differ materially from those in the forward-looking
statements. Nokia does not undertake any obligation to update publicly or
revise forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent legally required.


  SOURCE Nokia




Back to Topback to top

CONTACT:
Media Enquiries: Matsushita Battery
Industrial Co., Ltd., Public Relations, Tel: +81-6-6994-4706,
Fax: +81-6-6994-4764; Nokia, Communications, Tel:
+358-7180-34900, E-mail: press.office@nokia.com

Industry & Market Focus

 

Choose links below to browse the latest Industry News and related resources from PR Newswire.

Auto & Transportation News
Banking & Financial Services News
Business Services & Consultancy News
Energy News
Entertainment & Media News
Government & Policy News
Health News
Heavy Industry News
Retail News
Sports News
Technology News
Travel News

International News
Multicultural News
News For Investors
Trade Shows

Add your news release

PR Toolkit for Communicators

Submit Feedback

Roll over the links at left to see what's included
on each page, then click the link to get there.
Auto & Transportation includes:
•  Aerospace & Defense
•  Airlines & Aviation
•  Automotive
•  Maritime & Shipping
•  Retail & Automotive Sales Reports
•  Transportation
•  Travel News


Roll over the links at left to see what's included
on each page, then click the link to get there.
Banking & Financial Services includes:
•  Accounting
•  Banking & Financial Svcs
•  Financing Agreements
•  Insurance
•  Mutual Funds
•  News for Investors
•  Public Offerings
•  Real Estate


Roll over the links at left to see what's included
on each page, then click the link to get there.
Energy includes:
•  Chemical
•  Discoveries
•  Environmental Services
•  Mining & Metals
•  Oil & Gas
•  Utilities


Roll over the links at left to see what's included
on each page, then click the link to get there.
Entertainment & Media includes:
•  Advertising
•  Art
•  Books
•  Entertainment
•  Film & Motion Pictures
•  Magazines
•  Multimedia & Internet
•  Music
•  Publishing & Information
•  Radio
•  Television


Roll over the links at left to see what's included
on each page, then click the link to get there.
Government & Policy includes:
•  Conservation / recycling
•  Corporate Social Responsibility
•  Domestic Policy
•  Economic News & Analysis
•  Education
•  Election & Campaign
•  Environment
•  European Government
•  Federal Executive Branch
•  Federal & State Legislation
•  Foreign Policy
•  Homeland Security
•  Higher Education
•  Labor
•  Legal
•  Not-for-Profit
•  Trade Policy
•  U.S. State Policy News


Roll over the links at left to see what's included
on each page, then click the link to get there.
Health includes:
•  Healthcare & Hospitals
•  Biotechnology
•  Medical & Pharma
•  Supplemental Medicine


Roll over the links at left to see what's included
on each page, then click the link to get there.
Heavy Industry includes:
•  Aerospace & Defense
•  Agriculture
•  Chemical
•  Construction & Building
•  Machinery
•  Mining & Metals
•  Paper & Forest Products
•  Textiles
•  Tobacco


Roll over the links at left to see what's included
on each page, then click the link to get there.
News for Investors includes:
•  Banking & Financial Services
•  Bankruptcy
•  Conference Calls
•  Contracts
•  Dividends
•  Earnings
•  Earnings Projections
•  Investment Opinions
•  Joint Ventures
•  Mergers, Acquisitions & Takeovers
•  Mutual Funds
•  OTC & SmallCap
•  Public Offerings
•  Rating Agency
•  Restructuring & Recapitalization
•  Sales Reports
•  Shareholder Rights
•  Stock Splits
•  Venture Capital


Roll over the links at left to see what's included
on each page, then click the link to get there.
International News includes:
•  English
•  Israel
•  Español
•  Português
•  China
•  Asia Net
•  Brazil
•  Canada
•  France
•  UK & Europe


Roll over the links at left to see what's included
on each page, then click the link to get there.
Multicultural includes:
•  African-American
•  Asian-American
•  Children Related
•  Handicapped/Disabled
•  International News
•  Lesbian/Gay/Bisexual
•  Native American
•  Religion
•  Senior Citizens
•  US Hispanic
•  Veterans
•  Women Related


Roll over the links at left to see what's included
on each page, then click the link to get there.
Retail includes:
•  Fashion
•  Food & Beverages
•  Household & Consumer
•  Office Products
•  Restaurants
•  Retail
•  Sales Reports
•  Supermarkets


Roll over the links at left to see what's included
on each page, then click the link to get there.
Sports includes:
•  Sports


Roll over the links at left to see what's included
on each page, then click the link to get there.
Technology includes:
•  Consumer Electronics
•  Design Automation
•  Electronic Commerce
•  Hardware
•  Internet
•  Multimedia & Internet
•  Networks
•  Performance Management
•  Peripherals
•  Security
•  Semiconductors
•  Software
•  Technology
•  Telecommunications


Roll over the links at left to see what's included
on each page, then click the link to get there.
Travel includes:
•  Airlines & Aviation
•  Auto & Transport News
•  Gambling & Casinos
•  Leisure, Hotels & Restaurants
•  Sports News
•  Travel


Roll over the links at left to see what's included
on each page, then click the link to get there.
Trade Shows includes:
•  Automotive
•  Entertainment
•  Financial
•  Healthcare and Biotech
•  Retail
•  Sports
•  Technology


Roll over the links at left to see what's included
on each page, then click the link to get there.
Business Services & Consultancy includes:
•  Advertising
•  Agency News
•  Small Business Services
•  Workforce Management/Human Resources


Roll over the links at left to see what's included
on each page, then click the link to get there.
Public Issues includes:
•  Public Safety


Roll over the links at left to see what's included
on each page, then click the link to get there.
Welcome to PRN Direct.
PRN Direct is our secure customer dashboard
for PR Newswire members.


Roll over the links at left to see what's included
on each page, then click the link to get there.
PR Toolkit.
Get the Word Out About your Products & Services.


MultiVu eWatch MEDIAtlas ProfNet PR Newswire for Journalists