Press release, September 21, 2005







Technopolis and Ascendas sign cooperation agreement



Technopolis has signed a broad cooperation agreement with

Ascendas, the parent company of Singapore Science Park. Both

organizations are world-class providers of environments for high-

tech companies, but they see excellent opportunities to learn from

one another through intensified cooperation. The purpose of the

agreement is to speed up the development of their respective

technology park concepts and enhance their independent and joint

business activities.



Technopolis and Ascendas will exchange information and ideas on

science park planning, property development, facility management

and customer service support systems with a view to identifying

and deploying best practices common to both operations.



Both parties want to help their fast-growth SME clients to

accelerate their internationalization. To this end the companies

will work together to create bilateral international acceleration

pipelines into each other’s operational territories. They will

also share information and experiences in neutral territories in

order to boost the efficiency of these activities.



Business incubation has been identified as specific area for

strategic collaboration. The companies will study their respective

hard and soft discovery, pre-incubation and incubation services,

and work together to enhance the growth support services provided

to 'Born Global' start-ups.



Technopolis and Ascendas are both committed to continuously

developing their customer feedback mechanisms and quality

assurance systems. Within the framework of the agreement they will

compare their customer service management and information systems

and learn together how to optimize these mission critical systems.



Both Technopolis and Ascendas are now rapidly expanding and

internationalizing. As part of the agreement the two companies

will attempt to identify completely new ways to work together to

accelerate expansion while reducing risk.



In terms of the number of clients, Technopolis Plc is one of the

Europe's largest technology centers. It is also the largest

company in Finland specializing in providing operating

environments for high tech companies. It offers a comprehensive

service package combining modern premises, business and employee

services, development programs and consultation.



Technopolis currently operates in Oulu, Vantaa and Espoo, and is

preparing to enter the Baltic and Russian markets. Approximately

8,000 people work in its technology centres for nearly 600

companies.



Ascendas is the Asia’s foremost provider prestige business

environments in Singapore. The company owns and operates business,

industrial and science parks in Singapore, and has operations in

several other countries, including India, China and South Korea.



For more information, please contact:



Technopolis Plc

Pertti Huuskonen, President and CEO, +358 400 680816