ProstaLund and PartnerTech to join forces

ProstaLund and PartnerTech to join forces PartnerTech and the medical technology company ProstaLund AB have agreed to join forces on an industrialisation project. The project involves PartnerTech implementing the industrialisation and serial production of the newly developed product "ProstaLund Compact". Initially, the project is calculated to be worth approximately SEK 15 million annually. "We are proud that ProstaLund chose us as their partner for this qualified product. PartnerTech has special skills in both the development and manufacture of medical technology products. In addition, we have developed competence within the quality assurance systems that apply to manufacturers of medical technology equipment and can live up to the rigorous requirements in force in countries such as the United States", says Mikael Jonson, CEO of PartnerTech. Based in Lund, ProstaLund is a growing research-intensive company that develops and markets the next generation of microwave treatment equipment. The product is believed to be unique and is used to treat benign prostate abnormalities. Using this product, doctors can perform non-surgical treatment that involves heating the prostate tissue, thus reducing the size of the gland. The treatment takes only one hour, and patients can return home the same day. "One of the reasons why we chose to work with PartnerTech is the fact that the company has such deep and broad competence in the area of medical technology. Another is that PartnerTech operates a quality assurance system that suits the tough market requirements in force in this industry", explains Semmy Rülf, CEO of ProstaLund. PartnerTech AB develops and manufactures electronic products on contract basis to leading growth companies, primarily within the fields of telecommunications, information technology and medical technology. The company has a total of approximately 1 000 employees in Sweden and abroad, and is listed on the Stockholm stock exchange's O-list. For additional information, please contact Martin Hagbyhn, PartnerTech's General Manager Marketing, on +46 70 545 15 17, or Mikael Jonson, CEO, on +46 70 678 10 01. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/17/20000817BIT01140/bit0001.doc http://www.bit.se/bitonline/2000/08/17/20000817BIT01140/bit0002.pdf

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PartnerTech develops and manufactures products under contract for leading companies, primarily in Defense and Maritime, Industry, Information Technology, MedTech and Instrumentation, CleanTech and Point of Sale Applications. With upwards of 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 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.

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