STOCKHOLM, Sweden, June 11, 2003 (PRIMEZONE) -- Telecom supplier LGP/Allgon Microwave has decided to transfer all manufacture of electronics for its radio link system to PartnerTech. The assignment will contribute approximately SEK 40 million to PartnerTech's annual sales. All products are scheduled for transfer to PartnerTech by the end of the year.
LGP/Allgon Microwave President Karl-Heinz Klaus says, "We have chosen a contract manufacturer with a high level of competence that can help us constantly become more cost-effective without sacrificing quality. As a result, our successful radio link system will become even more competitive."
A total of six different products will be transferred to PartnerTech, the first one starting in June.
According to PartnerTech CEO Mikael Jonson, "This is a major telecom assignment for us, positioning us as a key supplier for radio link systems equipment. The agreement is particularly heartening, since it is further evidence that our unique Value Analysis/Value Engineering (VA/VE) tool provides competitive advantages by allowing us to make a customer's existing products more cost-effective."
PartnerTech's Atvidaberg plant will manufacture all of the products.
For additional information, please feel free to call: Mikael Jonson, CEO, PartnerTech AB: +46 70-678 10 01 Karl-Heinz Klaus, President LGP/Allgon Microwave: +46 31-771 79 34.
LGP/Allgon Microwave a subsidiary to LGP/Allgon is located in Goteborg and focuses on the development and marketing of radio link systems.
PartnerTech develops and manufactures electronic products under contract for leading companies, primarily in telecommunications, IT, the engineering industry and medical technology. The company (www.partnertech.se), which has approximately 1,200 employees, is quoted on the O list of the Stockholm Stock Exchange.
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