Letter of intent with a leading Data/Telecoms customer
(Thomson Reuters ONE) -
(2011-04-08) Kitron ASA's subsidiary Kitron Microelectronics AB in Jönköping,
Sweden, has entered into a Letter of Intent (LOI) with a leading supplier of
optical networking solutions. The LOI express the intention of the parties to
continue its co-operation until the end of 2014 and to strive for competitive
pricing of the products. Kitron estimates the potential sales value to more than
NOK 400 million up to the end of 2014.
The scope of delivery includes manufacturing of current and new products for
optical networking solutions for transport of data, voice and video traffic.
This includes products for Mobile Backhaul which gives customers like network
operators, service providers and public institutions worldwide cost efficient
solutions for transmission of fixed and mobile data traffic.
"We have co-operated with this customer for six years and this LOI is a firm
evidence of our competitive edge and ability to meet customer requirements. The
growth in fiber optical networks will drive the demand for this customer in the
years to come and we are proud to be their partner", says Jan Ljungqvist,
Business Area Manager Kitron Sweden.
For further information please contact:
Thomas Löfgren, General Manager Kitron Sweden, tel. +46 708 89 53 26 or e-
mailthomas.lofgren(at)kitron.com
Kitron is one of Scandinavia's leading Electronic Manufacturing Services
companies for the Data/Telecoms, Defence, Energy, Industry, Medical equipment
and Offshore/Marine sectors. The company is located in Norway, Sweden,
Lithuania, Germany, China and USA. Kitron had a revenue of about NOK 1.7 billion
in 2010 and has about 1,100 employees. www.kitron.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kitron ASA via Thomson Reuters ONE
[HUG#1504476]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2011 - 08:31 Uhr
Sprache: Deutsch
News-ID 53311
Anzahl Zeichen: 2518
contact information:
Town:
Oslo
Kategorie:
Business News
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