PartnerTech Receives New Order from Tomra Worth Approximately SEK 300 Million.STOCKHOLM, Sweden -- Tomra (OSE OSE - Open Systems Environment :TOM), a world-leading developer of systems for returning beverage containers, has expanded its cooperation with PartnerTech (STO:PART) by placing a new order worth approximately SEK SEK In currencies, this is the abbreviation for the Swedish Krona. 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. 300 million and scheduled for delivery in 2006. As a result, PartnerTech will also be helping with Tomra's Logistima product group for large stores. The order includes production, assembly and distribution. "PartnerTech has handled our initial orders in a highly expert and reassuring manner," says Harald Henriksen, Senior VP Technology at Tomra. "So now that we have received another order, we want to work with PartnerTech even more closely. We view that choice as a key strategic element of our future growth." Tomra and PartnerTech began their joint effort in May 2005 with the Uno reverse vending machine A reverse vending machine is a device that accepts used (empty) beverage containers and returns money to the user (the reverse of the typical vending cycle). The machines are popular in places that have mandatory recycling laws or container deposit legislation. , which is designed for small outlets like gas stations and neighborhood stores. In December 2005, the two companies added a new product group intended primarily for the German market. The Logistima agreement flows naturally from the success of that effort. The equipment in the new product group handles cans and bottles at large stores with heavy volumes. The order is for Tomra's MasterPac product on the German market. "We are proud to serve as the contract manufacturer that will help Tomra expand rapidly," says PartnerTech 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. Mikael Jonson. "This represents further evidence that we have gained a firm foothold foot·hold n. 1. A place providing support for the foot in climbing or standing. 2. A firm or secure position that provides a base for further advancement. foothold Noun 1. in the Nordic market for integrated assignments." PartnerTech's Swedish and Polish plants will start production immediately. The entire order will be filled in 2006. Tomra designs and operates cost-effective systems that make it attractive for consumers to return used beverage containers for reuse reuse - Using code developed for one application program in another application. Traditionally achieved using program libraries. Object-oriented programming offers reusability of code via its techniques of inheritance and genericity. or recycling. These systems consist of a wide range of products and services. Tomra's vision is Helping the World Recycle, to which the installation of 50,000 machines in 40 countries on four continents clearly testifies. The company is listed on the Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. . PartnerTech develops and manufactures products under contract for leading companies, primarily in telecommunications, IT, the engineering sector and medical technology. With approximately 1,500 employees, the company (www.partnertech.com) reports annual sales of approximately SEK 2.0 billion and is listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. . ---------------------------------------------------------------------- This information was brought to you by Waymaker http://www.waymaker.net |
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