Order by new international customer

Order by new international customer

PartnerTech and OptoPlan start cooperation

OptoPlan AS, which develops and markets fiber optic sensor systems for use in
the oil and gas industry, has chosen PartnerTech for long-term strategic
cooperation. Scheduled for delivery in the next three quarters, the order is
initially worth approximately SEK 30 million. The agreement, which covers
production of mechanical components for OptoPlan's new sensor system, is
expected to boost PartnerTech's sales by approximately SEK 200 million over
three years. Production will start immediately at PartnerTech's plant in
Karlskoga, which has specialist mechanics expertise. 

Morton Eriksrud, CEO of OptoPlan says, "PartnerTech offers long-term strategic
cooperation that satisfies our needs. I am very pleased that our technical
collaboration has already generated proposed cost-effectiveness measures, which
will make our product even more competitive."

The OptoPlan sensor system consists of many sensor units interlinked by fiber
optics on the ocean floor. Each unit consists of fiber optic sensors that record
changes in oil reservoirs over time. As a ship sweeps across the oil field, it
transmits acoustic signals that are reflected by the reservoirs and recorded by
the sensors on the ocean floor. The signals from the sensors pass through fiber
optic cables to a ship or platform that collects the data. The result is
increased oil extraction and thereby higher profitability. 

CEO Mikael Jonson of PartnerTech says, "This is a very important strategic order
for us, offering major potential for the future. OptoPlan's choice of
PartnerTech demonstrates the strength and competitiveness of our concept, which
is based on the combination of high capacity and technical expertise in close
cooperation with our customers."




For additional information, please call: 
Mikael Jonson, CEO, PartnerTech AB, +46 (0)70 678 1001
Morten Eriksrud, CEO, OptoPlan AS, +47 738 20 500


Om OptoPlan
OptoPlan started in 1985 as a spinoff of the fiber optic technology group at
Trondheim Technical University. OptoPlan develops and produces fiber optic
sensor systems for use in the oil and gas industry. Weatherford International
Ltd in the United States, a world-leading company in the oil industry, now holds
62% of OptoPlan shares, whereas Wavefield Inseis ASA, a Norwegian seismic
company, holds 38%. 

Om PartnerTech 
PartnerTech develops and manufactures products under contract for leading
companies, primarily in telecommunications, IT, the engineering industry and
medical technology. With approximately 2,000 employees at its plants in Sweden,
Norway, Finland, Poland, the UK, the United States and China, PartnerTech
reported sales of approximately SEK 3 billion for the past 12 months.
PartnerTech AB (www.partnertech.com), the parent company, has its head office in
Malmö and is listed on the OMX Nordic Exchange in Stockholm.