1. First Quarter 2006 interim report
Petri Markkanen
CEO
Birdstep Technology

2. Agenda First Quarter 2006 Highlights Financial figures Market outlook
SmartRoaming demo on Windows Mobile
Questions and answers

3. T-Mobile expands the relationship with Birdstep and signs a substantial agreement that cover 2006 license requirements.
Buy the package or download the software from their web
Campain with a CD send through a magazine to encourage people

4. T-Mobile and Birdstep launches the world’s first connectivity client solution with HSDPA technology at CeBIT in Hannover, with embedded data cards in Siemens Fujitsu notebooks.
T-Mobile’s business customers can now have everything they need for wireless communication at broadband speed. The first all-inclusive package comprises a notebook, web’n’walk Card and an "almost-flat" rate. It uses T-Mobile’s high-performance mobile infrastructure to provide access to the Internet as well as your corporate intranet. This bundled offer marks the start of the strategic alliance between T-Mobile and Fujitsu Siemens Computers, Europe’s leading IT manufacturer. At the heart of the package is the AMILO Pro V2035 Edition notebook equipped with web’n’walk Card and pre-installed communications software. The package also includes the "DataConnect Laptop" price plan and the new
web’n’walk XL data option for a total monthly price of just EUR 69 that includes the TMCC client developed by Birdstep

5. SmartRoaming based on Windows Mobile
Birdstep launched SmartRoaming, seamless roaming and
connectivity for WLAN enabled Windows Mobile devices
at 3GSM World Congress in Barcelona

6. SmartRoaming based on Symbian launched at 3GSM World Congress
Information on many pages on their web, both for the product applications and for the enterprise market

7. Birdstep SmartRoaming will be marketed on the Nokia S60 portal for Nokia enterprise phones

8. Financial highlights
Revenue in first quarter 2006 is NOK 11.4 million compared to NOK 13.4 million in first quarter 2005
Wireless first quarter revenue more than 60% higher than fourth quarter 2005 revenue with NOK 6.8 million
Order backlog increased with 24% to NOK 30,0 million compared to fourth quarter 2005

9. Income Statement

10. Consolidated quarterly Performance

11. Wireless quarterly performance

12. Cash flow statement

13. Balance sheet 

14. Monthly customer activations shows steady growth

15. Market Outlook
Laptop client license activations increased with 24% compared to fourth quarter 2005
Nokia E-series phones to be launched during May and SmartRoaming revenues expected during second half of 2006
Birdstep well positioned to address the growing market and targets revenue growth on a full year basis
Birdstep believes in substantial revenue growth 2007

16. Events in April New substantial agreement signed with TMN, Portugal
Birdstep nominated at the Wireless Broadband Innovation Awards in London as Most Innovative Wireless Broadband company
New Vice President Marketing, Robert Vangstad, started on May 2, 2006

17. Thank you for your attention
Birdstep Technology