NOTE increases its deliveries to Hövding
Hövding 3, the latest version of the company's inflatable cycle helmet, is fully ramped up in NOTE's factory in China. The quarterly delivery rate in the fourth quarter of 2019 was SEK 10 million, implying growth of some 150%. NOTE forecasts increased growth in 2020, as Hövding 3 volumes increase in the year. "This ...
"This is a good example of when we have successfully helped a start-up, in close co-operation with one of our Swedish factories, to then move production to our factory in China to enable higher volumes. The co-operation started already in the prototype phase and has continued throughout the product life cycle. We are happy to see that Hövding is now a well-established company with this very innovative product”, says Johannes Lind-Widestam, President and CEO.
”Hövding has been collaborating with NOTE since 2012 when Hövding 2.0 was developed. Working together again was a natural choice to optimise development and delivery for our latest generation - Hövding 3. NOTE's technical assistance and rapid prototyping close to our Malmö office, and volume production just a couple of hours from our final assembly plant in China, are valuable to us. We look forward to a continued partnership to achieve our goals in terms of both growth and profitability.”, says Per Grönvall, Director of Operations and Development, Hövding.
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
About Hövding
Hövding is the world's first manufacturer of inflatable bicycle helmets. Founded in 2005, the company has since grown to around 40 employees and has sold more than 200,000 inflatable helmets. For more information, please visit www.hovding.com
IThe information was submitted for publication on 28 January 2020 at 08.30 CET.