PartnerTech signs framework agreement with CybAero AB

1/9/2013 2:00 AM EST

PartnerTech AB
Company Announcement

PartnerTech signs framework agreement with CybAero AB

Contract manufacturer PartnerTech AB and CybAero AB, a company developing and
manufacturing autonomous unmanned helicopters, have signed a framework
agreement covering production and assembly of products and systems for CybAero
AB. 

The cooperation between PartnerTech and CybAero was initiated in 2012 and the
now signed agreement covers PartnerTech’s combined expertise within
electronics, mechanics and systems integration.  Production and assembly will
initially mainly include PartnerTech’s unit in Åtvidaberg and other Swedish
units. In the future the agreement may also entail development as well as
production in PartnerTech’s other units globally. Revenue and first deliveries
from this agreement is expected in the first quarter 2013. 

"We are very pleased that the cooperation we’ve had with CybAero has resulted
in the company now having chosen to outsource all production to PartnerTech. We
are used to working with development and production of technically advanced
systems, which has been crucial to CybAero. Our industrial structure is another
advantage, where our local units enable a close dialogue with the customer
about for example technology and prototypes while our global units can offer
the best possible production structure, throughout the whole product life
cycle,” says Leif Thorwaldsson, President and CEO of PartnerTech AB. 



For additional information, please call:

Leif Thorwaldsson, President and CEO, +46 40-10 26 41



PartnerTech

PartnerTech develops and manufactures products under contract for leading
companies, primarily in Information Technology, Industry, CleanTech, MedTech
and Instrumentation, Defense and Maritime and Point of Sale Applications. With
almost 1,300 employees at its plants in Sweden, Norway, Finland, Poland, the
UK, the United States and China, PartnerTech reports annual sales of more than
SEK 2,3 billion. PartnerTech AB (www.partnertech.com), the parent company, has
its head office in Vellinge, Sweden, and is listed on the Nasdaq OMX Stockholm
Exchange. 

PartnerTech (publ) is required to publicly disclose the information in this
press release pursuant to the Swedish Securities Market Act and/or the Swedish
Financial Instruments Trading Act. The information was submitted for public
disclosure at  8 am on January 9, 2013. 


         Leif Thorwaldsson, President and CEO, +46 40-10 26 41