Elcoteq Expands its Customer Portfolio Through Partnership with Kathrein.Business Editors/High-Tech Writers IRVING, Texas--(BUSINESS WIRE)--Jan. 13, 2004 Elcoteq Network Corp., global provider of electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) for the Communications Technology industry, and KATHREIN-Werke KG, a globally known manufacturer of communications technology products, have agreed on substantial co-operation under which Elcoteq will begin to manufacture various global system for mobile communications (communications) Global System for Mobile Communications - (GSM, originally "Groupe de travail Sp?ciale pour les services Mobiles") One of the major standards for digital cellular communications, in use in over 60 countries and serving over one billion subscribers. (GSM) and universal mobile telecommunications system Universal Mobile Telecommunications System (UMTS) is one of the third-generation (3G) cell phone technologies. Currently, the most common form uses W-CDMA as the underlying air interface, is standardized by the 3GPP, and is the European answer to the ITU (UMTS (Universal Mobile Telecommunications System) The GSM implementation of the 3G wireless phone system. Part of IMT-2000, UMTS provides service in the 2 GHz band and offers global roaming and personalized features. ) related subsystems for Kathrein. Production is planned to start during first quarter 2004 at Elcoteq's plant in Pecs, Hungary. "Elcoteq is a partner that is as dedicated to quality and reliability in all its operations as we are. Elcoteq's service offering can help us to bring new products to the markets faster than before. Shorter reaction times to changing market conditions and the much faster introduction of new products to the market allow a wider range of products and the expansion to new regions," said Prof. Dr. Anton Kathrein, owner and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of KATHREIN-Werke KG. "There are a lot of similarities between Elcoteq and Kathrein: both companies are focusing on communications technology and both are leading players in their respective fields. By combining Elcoteq's and Kathrein's expertise we truly have great opportunities ahead of us," said Jukka Jaamaa, president, Communications Network Equipment/Industrial Electronics, Elcoteq Europe. About KATHREIN-Werke KG KATHREIN-Werke KG is the oldest and largest antenna manufacturer in the world and a leading high-tech company in communications technology. Today, Kathrein products are the epitome of quality and reliability. Their know-how and more than 80 years of experience make Kathrein a market leader in several fields of the communications world. As the largest manufacturer of antennas for mobile communications worldwide, Kathrein services all system suppliers and 240 network operators worldwide, also designing and producing filters, amplifiers and combiners. For more information on Kathrein, visit their Web site at www.kathrein.de. About Elcoteq Network Corp. Elcoteq Network Corp. is a global electronics manufacturing services (EMS) company that focuses on Communications Technology products. Elcoteq ranks among the world's leading EMS providers and is the largest European company in its field. Elcoteq provides end-to-end solutions consisting of design, NPI NPI National Provider Identifier, see there (new product introduction), manufacturing, supply chain management, and post-sales services for the whole lifecycle of its customers' products. The company operates on three continents in 12 countries and has some 12,000 employees. Elcoteq's consolidated net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight in 2002 totaled approximately 2 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . Elcoteq Network Corp. is listed on the Helsinki Exchanges Helsinki Exchanges (HEX) The Helsinki Exchanges (HEX Ltd., Helsinki Securities and Derivatives Exchange and Clearing House) was formed at the beginning of 1998 following the merger of the Helsinki Stock Exchange Ltd. and SOM Ltd. . For more information contact Bill Coker at 972-401-9995, e-mail bill.coker@elcoteq.com, or visit the Elcoteq Web site at www.elcoteq.com. |
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