From PalmSource's Press Release:

 LG Electronics Signs Agreement with PalmSource to License Palm OS
 
Company to develop Palm Powered smartphones
 
SUNNYVALE, Calif., July 6, 2005 — LG Electronics, Inc., (Korea Stock Exchange: 06657.KS) and PalmSource Inc., (NASDAQ: PSRC) provider of Palm OS®, a leading operating system powering next generation phones and mobile devices today announced that LG Electronics has signed an agreement to license Palm OS worldwide. Under terms of the agreement, LG Electronics can develop and market smartphones based on Palm OS.
 
"LG Electronics is pleased to have entered into this agreement with PalmSource," said Skott Ahn, executive vice president of LG Electronics, Inc. "The flexible, open and powerful nature of Palm OS is an ideal match for our industry leading mobile handsets. We believe our customers will appreciate the new Palm Powered phones we will develop and distribute."
 
"LG Electronics is a leading innovator in the development and manufacture of mobile devices including award-winning mobile handsets," said Patrick McVeigh, interim CEO of PalmSource. "We are excited to welcome LG Electronics to the Palm Powered™ Economy and look forward to working with LG to develop new, cutting-edge smartphones for delivery to the worldwide marketplace."
 
With over 29,000 Palm OS software titles available today, the Palm OS platform offers one of the largest third-party software catalogs to enable users to customize their Palm Powered smart mobile devices to fit particular needs. Choosing Palm OS opens up new business channels for hardware manufacturers and software developers and provides the opportunity to broaden their reach into the smartphone and wireless device markets.
 
About LG Electronics Inc.
LG Electronics Inc. (Korea Stock Exchange: 06657.KS) is a global force in electronics, information and communications products with 2004 annual sales of U.S. $38 billion (consolidated). With more than 66,000 empolyees working in 76 subsidiaries in 39 courntries around the world, LG Electronics is comprised of four main business companies including Mobile Communications, Digital Applicance, Digital Display and Digital Media.
 
LG Electronics Mobile Communications Company is the world's leading manufacturer of WCDMA (UMTS), CDMA and GSM handsets, and the fastest growing manufacturer of mobile phones worldwide. The Company provides a total range of wired and wireless solutions, and is rapidly establishing a global presence as it cultivates international market share in 3G handsets. For more information, please visit www.lge.com.