Technology Nexus AB (publ) and Adtranz Signal sign agreement for intention of continued supplies

Technology Nexus AB (publ) and Adtranz Signal sign agreement for intention of continued supplies. Technology Nexus, hereafter referred to as Nexus, and Adtranz Signal have signed an agreement for the intention of entering into long-term supply and management commitments primarily for hardware for Adtranz Signal's ILC951 signal box computer. The agreement is expected to run until January 2004. The agreement, estimated to have a value of approx. SEK 35 million, includes: -production, logistics and supply -technical support and maintenance -cooperation in product development. The agreement of intention has been signed to facilitate an immediate start for Nexus' commitments. "The long-term aim of the agreement is to focus on the end customer, increase total quality and reduce the total period of the cycle throughout the entire delivery chain to the mutual benefit of all parties. Our common aims are to achieve satisfied end customers, eliminate faults, deliver everything on time, minimise lead times and be cost-effective, as well as improving service and flexibility," says Ola Kjellstrand, Division Manager, Nexus Product Sourcing. "The aim of this agreement is to ensure the supply of products for signal box computers, guaranteeing quality at competitive prices. In order to succeed, a long-term, close relationship with a partner which matches our high quality and security requirements is crucial," says Gillis Dahlin, person responsible for the agreement at Adtranz Signal. For more information, please contact: Ola Kjellstrand, Division Manager, Nexus Product Sourcing, mobile: +46 (0)708 170197, ola.kjellstrand@nexus.se Mikael Jacobsson, MD, Technology Nexus AB, mobile: +46 (0)706 475810 Janette Jennische, PR Manager Adtranz Signal, mobile: +46 (0)70 2125053, e-mail Janette.jennische@se.adtranz.com Facts about Technology Nexus AB Technology Nexus AB (publ) is listed on the Stockholm Stock Exchange O list and specialises in developing and supplying secure IT solutions which increase customer profitability. Nexus works with end customers and as a development partner for customers with high level quality requirements. Nexus aims to be a leading partner for secure solutions in the digital economy. Nexus employs approx. 300 people and has offices in Stockholm, Göteborg, Malmö, Uppsala, Linköping (head office), Umeå, Karlstad, Västerås and Borlänge in Sweden as well as in Hamburg, Germany and Paris, France. More information is available at www.nexus.se. E-mail: contact@nexus.se Facts about Adtranz Signal AB Adtranz Signal is an innovative, modern company which develops, markets and installs advanced signal security and traffic management systems. Increased capacity and speed, better accessibility and improved comfort and safety are essential to ensuring effective and profitable rail transportation in the future. Information about the company's products, ongoing projects and future traffic solutions can be found on the company website. There is also information here for students and a notice board for vacancies. The Swedish company Adtranz Signal is part of a group of 19 signalling companies around the world. The signalling group is part of the Adtranz group which manufacturers trains and supplies total traffic solutions for rail traffic. The Adtranz group is owned by DaimlerChrysler. More information is available at www.signal.adtranz.se. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/10/27/20001027BIT01190/bit0001.doc http://www.bit.se/bitonline/2000/10/27/20001027BIT01190/bit0002.pdf