Smarteq receives strategic order for Smart Metering antennas for delivery during Q1 2012

Smarteq has received a 2.5 million SEK order from Finland for the delivery of antennas for electricity meters during the first quarter of 2012. Smarteq is a leading antenna supplier in the Smart Metering sector and over the last few years has delivered millions of high-quality antennas for automatic metering of electricity, gas and water consumption.

In October Smarteq took part in Metering and Billing/CRM Europe 2011, the annual fair and conference in Amsterdam, and the response to and interest in Smarteq’s antennas was greater than ever.

“We can see that activity in the automatic metering market is picking up again, which is great news for us. Our extensive experience and quality products make us a very strong player. In 2012 we will see several new electricity, gas and water metering projects start up in countries outside the Nordic region. Now we also have a distributor that can handle large volumes,” says Henrik Lindén, CEO at Smarteq.

For more information:

Henrik Lindén

CEO Smarteq

Phone: +46 733 859 242

Email: henrik.linden@smarteq.com

Johan Hårdén

Vice VP Sales and Marketing Smarteq

Phone: +46 733 859 219

Email: johan.harden@smarteq.com

Smarteq’s business concept is to sell and develop antenna systems for improved access, efficiency and security in a wireless world. The prioritised market segments are Automotive and Communications. The business is focused on selling and developing antenna products for the OEM and aftermarket. Smarteq has its own resources for product development, sourcing and sales. Production is mainly outsourced to external partners in Europe and Asia. Smarteq has 19 employees in Sweden and China. Marketing takes place via established channels globally. Smarteq’s class B stock is traded on First North with Remium as Certified Adviser.

For more information, please visit: www.smarteq.com