Padtec Maintaining Strong Growth Trend

Padtec was chosen by Oi, Brazil's largest telecom company, as a strategic partner to supply advanced broadband technology systems for application in long distance networks and access networks for the next 3 years.

This contract with Oi solidifies Padtec's leadership position as the supplier of long distance network and access network systems.  The contract is the largest in the country for broadband technology to date highlighting the company's strength and growth potential.

This contract reinforces Padtec's positioning as a strategic and competitive player in Latin America's broadband market, which has been experiencing robust growth, and which requires high technological expertise.  Broadband technology, Padtec's area of expertise, is one of the infrastructure pillars for broadband expansion throughout the world.

See Note to the Market here

About Ideiasnet:
Ideiasnet is a publicly-held Venture Capital entity, focused on companies in the technology-sector in Brazil and in Latin America. The Company operates through holdings in developing companies,which display significant potential for gaining more scale and strengthening its leadership position in its specific segments of action. Aiming to maximize its shareholder value, Ideiasnet operates in its invested companies,by promoting synergies, adding management, and contributing to strategy definition, in market positioning, and merger and acquisition structuring.