MALMO, Sweden, April 22, 2003 (PRIMEZONE) -- Teleca has decided to open a new subsidiary in Tokyo, Japan, which will be operational by the second half of 2003. During 2002, Teleca started a local sales campaign in Japan, directed at mobile device customers, and has successfully developed new business with a number of leading companies. The new subsidiary will further strengthen Teleca's Mobile Device business in Asia, which continues to perform very well with strong demand.
Japan is the world's number two economy overall and the world leader in consumer electronics and telecommunications, two of Teleca's prime markets. With a new subsidiary in Japan, Teleca will be able to win substantial new local business, and also deliver professional services from Europe to customers based in Japan. Teleca will also leverage from existing customer relationships with many large customers in Europe being Japanese including: - Mitsubishi; Panasonic; Sony and Toshiba.
A sales team and technical support will be established first. Additional staff will be recruited in-line with the business development. Teleca expects the new subsidiary to be profitable and have at least 10 staff within 6 months of being operational. Teleca will initially focus on the Mobile Device and Telecom Equipment markets with an emphasis on Symbian, Series 60 Platform and Obigo. In the future, Teleca plans to develop the business into its other key business segments such as Automotive and Life Science.
"Teleca has a very strong position in the mobile device market today, and our new presence in Japan will help us take advantage of the tremendous possibilities in this local market and other parts of Asia," said Nick Wood, Senior Vice President, Teleca Mobile Device Group.
"Asia is a very exciting market for Teleca and we are seeing an increasing demand for our services and Obigo products. We strongly believe that with our cautious approach we can build a very successful business in Japan," says Nick Stammers, CEO of Teleca AB.
For more information, contact: Nick Stammers, CEO, Teleca AB +44-7768 32 35 35 Nick Wood, Senior Vice President, Teleca Mobile Device Group +44-7774 723623
Teleca is an international consulting company developing and applying advanced technology. The company's business concept is to strengthen the customers' market position and time to market. Teleca builds and integrates solutions for technology and software intensive customers worldwide. Core values are honesty, reliability and hard work. The company has more than 2,400 employees with operations in 15 countries in Asia, Europe and USA. Teleca is quoted on the Attract40 list of Stockholmsborsen (Stockholm stock exchange). www.teleca.com
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