NOTE signs agreement with Waystream AB
Swedish technology company Waystream manufactures products for broadband networks, and the agreement means that production will be transferred to NOTE's plant in Lund.
Waystream already manufactures products in China, but sees many advantages in manufacturing the new version of its high-speed routers at NOTE's plant in Lund. Production of small batches is expected to start in Q3 and then expand to batch production in Q4.
”NOTE is progressing strongly, and we continue to win the confidence of many customers. For some time now, we've seen a noticeable increase in interest in manufacturing in Sweden and our neighbouring region. Waystream is an exciting company that we look forward to developing a good partnership with.”, says Johannes Lind-Widestam, NOTE's President and CEO.
"The agreement with NOTE AB is part of our risk minimisation strategy. By manufacturing our products at several locations around the world, we become less vulnerable to disruptions in the logistics system. For the manufacture of our new switches, we were therefore looking for a suitable partner with the competitiveness and competence needed. Proximity to our main markets was also an important requirement for environmental reasons. We found that NOTE Lund AB could fulfil these requirements, which is why we chose them.", says Susanne Torrbacka, interim CEO of Waystream.
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.eu.
About Waystream
Waystream develops network products for communications over fibre that are reliable, easy to operate and deliver great services. This enables our customers to build networks faster, more robustly and with better returns and more satisfied users. Waystream was founded in 2001 with the vision of promoting a global communications network that connects people, because communication creates development and innovation that makes the world a better place. The company's share is listed on Nasdaq First North under the name WAYS
IThe information was submitted for publication on 22 June 2020 at 08.30 CET.