NOTE grows with Ferroamp in Greentech
NOTE started a manufacturing partnership last year with the fast-growing Swedish Greentech company Ferroamp, which develops EnergyHub systems. This system innovatively integrates solar energy, energy storage, EV charging and DC loads into a system with intelligent control and real-time monitoring. NOTE manufactures both the electronics and complete systems.
Demand for Ferroamp's product has increased sharply recently, and the company is now expected to face a strong expansion, where the collaboration with NOTE is estimated to be in the order of SEK 120 million in 2023. Production takes place at NOTE's plant in Norrtälje, Sweden, and is expected to increase significantly already in the first quarter of next year.
”We are well positioned to capitalise on the new business opportunities that are emerging with new technologies in the Greentech area. We are very proud and happy about our close cooperation with Ferroamp, which we see as an innovative and expansive company.”, says Johannes Lind-Widestam, NOTE's President and CEO.
”With electricity prices soaring and the electricity system fundamentally changing, Ferroamp offers property owners the opportunity to take control of their electricity use. So we're pleased to be able to develop our partnership with NOTE and scale up production.”, says Krister Werner, CEO of Ferroamp.
For further information, please contact:
Johannes Lind-Widestam, President and CEO, tel. 070-541 72 22
Frida Frykstrand, Finance Director, tel. 070-462 09 39
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.