---ot Nokia Expands in San Diego
New Location Accommodates Continued Growth, Upgraded Facilities
IRVING, Texas--(BUSINESS WIRE)--Oct. 28, 1998--Nokia (NYSE:NOK.A - news) today announced it will move its San
Diego-based employees into a new three-story, 188,000 square-foot facility in the Scripps Northridge Corporate Center in
San Diego. The new facility will house Nokia's mobile phone Product Creation Center, which will house design engineers and a
variety of laboratories and research facilities. Projected occupancy date is October 1999.
The new corporate park, developed by Lankford and Associates and Kearny Real Estate Company, is located on Interstate
15 about fifteen miles north of downtown San Diego.
Risto Junnikkala, vice president of the Nokia Mobile Phones Product Creation Center, said the move from the company's
current location in San Diego's ''Telecom Valley'' allows for continued growth, while providing better commuting conditions
and a quality work environment for Nokia employees. ''This move reflects Nokia's commitment to our CDMA product line,
''Nokia is clearly a global leader in the development of wireless telephone technology,'' said Larry Paulson, vice president --
CDMA Product Line Management. ''San Diego is the forefront of CDMA technology development. Nokia's expansion and
reinforced commitment to this community is yet another indication of the vibrant future of the wireless telephone and
communications industry,'' Paulson said.
Three San Diego firms have design responsibilities: McGraw/Baldwin Architects are architects of record, Davis Davis
Architects is the design firm and Jackson & Bryan is responsible for interior design. Consulting is Good Fulton & Farrell
Architects, which designed Nokia's new Americas corporate offices in Irving, Texas.
General Contractor is Hensel Phelps Construction Corporation, of San Diego. Cushman & Wakefield provides real estate
services for Nokia, including all development negotiations for this project.
Nokia is the world's leading mobile phone supplier and a leading supplier of mobile and fixed telecom networks including
related customer services. Nokia also supplies solutions and products for fixed and wireless datacom, as well as multimedia
terminals and computer monitors. In 1997, net sales totaled FIM 52.6 billion (USD 9.8 billion). Headquartered in Finland,
Nokia is listed on five European Stock Exchanges and on the New York Stock Exchange (NOK.A), has sales in 130
countries and employs more than 42,000 people worldwide.
Contact:
Nokia Corporate Communications
Jim Bowman, 972/894-4213
or
Crescent Communications
Bill Maguire, 404/287-2000, x119
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