NOTE Borås signs new agreement

NOTE, one of Scandinavia’s leading contract manufacturers of electronics, has signed a two-year agreement concerning tactical radio links. The estimated value of the order is SEK 100-150 million.

The agreement has been signed with Ericsson Microwave Systems AB, which develops and manufactures radar and information systems for the defence and security industries. Part of Ericsson Microwave Systems’ production has been carried out by NOTE’s security-classified manufacturing unit in Borås. Now, the company has signed a supplier agreement that runs for two years and refers to the manufacture of tactical communications links for military applications.

"We are very pleased and proud about this expression of new and deepened confidence in us," says Anders Andersson, MD for NOTE Borås. "During the past year, we have carried out manufacturing for Ericsson Microwave Systems and we are very glad about the agreement we have now signed."

"We have been working intensely for just over a year on structuring operations in Borås to make them more efficient," says Erik Stenfors, President and CEO of NOTE. "The work that our personnel in Borås have done, along with our investments in new machinery and support from customers are now starting to generate results. We see this new deal with Ericsson Microwave Systems as a sign that we have succeeded."

For more information, please contact
Erik Stenfors, President and CEO, NOTE AB, +46 (0)176-799 00 or +46 (0)709 – 50 80 70
Anders Andersson, MD, NOTE Borås AB, + 46 (0)33-23 35 67 or +46 (0)70-314 13 13

About NOTE
NOTE is one of Scandinavia’s leading contract manufacturers of electronics and offers specialist expertise in electronics production throughout the value chain – from design and development through manufacturing to the after-market.
NOTE has offices in Sweden, Finland, France, Estonia, Lithuania, Poland and the UK.
Net turnover for 2003 was SEK 859 million and profit before tax was SEK 63 million.
The number of employees in the corporation is around 1000. NOTE is listed on the Stockholm Stock Exchange's O-list Attract40. www.note.se

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