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Date: 20th October 2005
Title: PartnerTech Receives Major Breakthrough Worth More Than SEK 300
Million
PacketFront,
a world-leading Swedish supplier of purpose-built and intelligent solutions
for broadband networks, has now begun strategic cooperation with contract
manufacturer PartnerTech. The two-year agreement is expected to be worth
more than SEK 300 million to PartnerTech and covers the provision of materials,
as well as production and distribution. The first deliveries are scheduled
at the end of the year.
The order involves routers and other broadband equipment. The end customers
are broadband operators such as municipal networks and power providers
that in turn offer triple play services (IP telephony, television and
high-speed Internet).
President Martin Thunman of PacketFront says, "PartnerTech's flexibility,
service level and technical skills reflect the breadth of expertise needed
to manufacture our high-tech products going forward. Along with a cost
effective production this has been a decisive factor in our choice of
business partner. We are confident that this agreement has set the stage
for us to meet our business targets. It will allow us to concentrate our
efforts on improving and marketing products for new customers and markets."
"One of our big competitive advantages in this agreement has been
our ability to take an integrated approach to both the product and the
supplier chain," says CEO Mikael Jonson of PartnerTech. "Handling these
types of world-leading products is both challenging and stimulating, particularly
in a sector as expansive as broadband technology."
PartnerTech's plants in Vellinge, Sweden and Sieradz, Poland will handle
production, distribution and the provision of materials.
For additional information, call:
Mikael Jonson, CEO, PartnerTech AB, +46 70 678 10 01
Martin Thunman, President, PacketFront AB, +46 733 83 96 11
About PacketFront
PacketFront develops and markets leading, purpose-built and intelligent
solutions for True Broadband Networks. Its solution is the first on the
market to enable truly operator-independent networks with support for
multiple services and competing service providers. PacketFront was founded
in 2001 and is based in Stockholm, Sweden. PacketFront's products are
currently in operation in several networks across Europe. Read more on
www.packetfront.com.
About PartnerTech
PartnerTech develops and manufactures products under contract for leading
companies, primarily in telecommunications, IT, the engineering sector
and medical technology. The company (www.partnertech.com),
which has approximately 1,500 employees, posted revenue of more than SEK
1.9 billion over the past 12 months and is quoted on the Attract 40 list
of the Stockholm Stock Exchange.
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