NOTE is growing very strongly in greentech
NOTE has had an established development and manufacturing partnership with fast-growing Swedish company Charge Amps, which develops and sells smart charging solutions for electric cars and other electric vehicles, for several years. NOTE manufactures electronics and complete charging stations. The partnership relates to the company's two main products
Charge Amps Halo and Aura, which are sold in both the business and residential markets.
Demand for electric vehicles is developing rapidly, and Charge Amps is now expected to face very strong expansion. Production of charging stations is currently taking place at NOTE Norrtelje, and is already increasing significantly in the first quarter of this year. To meet this strong growth in terms of capacity, production will also start up at NOTE Torsby shortly. In 2020, NOTE's sales to Charge Amps totalled SEK 40 million, and this is expected to increase to around SEK 125 million in 2021.
”NOTE is growing successfully through expanded partnerships in our strong customer base, in traditional industry and in new fast-growing application segments. We're well positioned to capitalise on the new business opportunities that are emerging with new technology in the greentech sector. We are very proud and pleased to be working closely with Charge Amps, which we regard as an extremely innovative and expansive company.”, says Johannes Lind-Widestam, NOTE's President and CEO.
”As we're in a very expansive phase, NOTE is one of our key production partners. NOTE is crucial to securing capacity for our European launch. In 2021, we will start establishing ourselves on a number of selected markets in Europe where EV charging is gaining momentum. We're looking forward with confidence to our continued collaboration, which also includes NOTE Torsby as a production facility going forward.”, says Anders Bergtoft, CEO of Charge Amps.
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
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 www.note-ems.com.
This information is information that NOTE AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Johannes Lind-Widestam, at 08:30 CET on 8 February 2021.