PartnerTech intends to consolidate its UK operations to the Cambridge facility

PartnerTech intends to consolidate its UK operations to the Cambridge
facility

PartnerTech Ltd (UK) today announced that it intends to consolidate its
UK operations to its Cambridge facility. The purpose of the proposal is
to further strengthen PartnerTech's business in the UK in order to reach
sustainable profitability in this market. This consolidation of its
business to Cambridge is expected to reduce costs and increase
efficiency but also to increase market focus and customer service.

“I see this as a necessary and strategic step in the UK to reach
sustainable profitability and growth also in this key market. By doing
this and using PartnerTech's total sales and production channels, there
will be great potential”, says Mr Leif Thorwaldsson, President and CEO
of the PartnerTech Group.

Costs related to this action are expected to mainly effect the first
quarter of 2011 and are estimated to a maximum of SEK 10 million.

For additional information, please call:
Leif Thorwaldsson, President & CEO, +46 40-10 26 41
Marielle Noble, IR/Communications Manager +46 40-10 26 43
John Gobbi, Managing Director PartnerTech UK, +44 1553 78 00 00