NOTE | OMX STO SEK

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NOTE establishes a new customer partnership in Sweden in smart lighting

The market for connected homes is expanding rapidly. NOTE has signed a partnership agreement with Plejd, a fast-growing company in the smart lighting segment. Series production is expected to start in Lund in the first quarter of next year.

”I'm very pleased to see that our focus on new fast-growing application areas is paying off. This is an example of how our increasingly connected everyday life means growth opportunities for us as a manufacturing partner. The customer's products have already been launched on the market and we estimate that this co-operation could increase our sales by at least SEK 30 million as early as next year.”, says Johannes Lind-Widestam, NOTE's President and CEO.

”We welcome NOTE as a new production partner. We look forward to working with NOTE, as their focus on connected products and the range of factories both locally and internationally suits us well in our expansion phase.”, says Babak Esfahani, CEO Plejd.

For further information, please contact:
Johannes Lind-Widestam, President and CEO, tel. 070-541 72 22
  
Henrik Nygren, Chief Financial Officer, tel. 070-977 06 86
Babak Esfahani, CEO Plejd, tel. 073-532 23 91

About NOTE
NOTE is one of northern Europe's leading partners for electronics manufacturing. NOTE manufactures printed circuit boards (PCBA), sub-assemblies and complete products (box build). Its customer offering covers the whole product lifecycle, from design to after-sales. NOTE is established in Sweden, Finland, the UK, Estonia, Bulgaria and China. Sales in the last 12 months were SEK 3,687 million and the group has some 1,400 employees. NOTE is listed on Nasdaq Stockholm. For more information, please visit

The information was submitted for publication on 12 October 2018 at 08.30 CET.