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NOTE signs new order in Norway

NOTE and Norway's Telespor AS have signed an agreement to manufacture advanced track technology equipment based on GSM and GPS technology.

NOTE's Nearsourcing business model is based on three main areas - establishing Nearsourcing Centres close to customers, cost control over the product lifecycle and cost-efficient production located where it is optimal for the customer.

Telespor AS, owned by Norwegian mobile operator Telenor AS and meat and egg supplier Nortura BA, develops and sells products and services for electronic monitoring of grazing animals, such as sheep.

The deal has been signed with NOTE's Nearsourcing Centre in Oslo, where production adaptation and further development of the product will take place. Production will initially take place at NOTE Norrtälje. As volumes increase, production will be transferred to NOTE's units in cost-efficient countries. Deliveries will start in spring 2009.

”This is a good example of how our flexible Nearsourcing business model is used to meet customer needs. We offer several different options for cost-efficient production, and the conditions of each deal determine where production is located,” says Arne Forslund, President and CEO of NOTE.