LEUVEN, Belgium – March 8, 2011 – Option (Euronext: OPTI; OTC: OPNVY), the wireless technology company, today announced that it has further extended its software license agreement with Huawei and has received an additional payment of EUR 22 million. This extension comes as part of the cooperation agreement signed with Huawei in October 2010 where Huawei agreed to license Option’s uCAN Connection Management software. The agreement also included the potential for extensions of the license for an amount of up to EUR 33 million. This transaction is the final extension under the current license agreement.