New Agreement with EssNet Worth 450 Million Swedish Kronor: PartnerTech's biggest transaction yet
New Agreement with EssNet Worth 450 Million Swedish Kronor: PartnerTech's biggest transaction yet Contract manufacturer PartnerTech has signed a new agreement with online gaming systems developer EssNet Interactive. The agreement is PartnerTech's biggest transaction yet. Worth approximately 450 million Swedish kronor for PartnerTech over three years, the cooperative effort will involve production and distribution of PC-based gaming terminals. Delivery will begin after the summer. The agreement includes successfully launched interactive gaming terminals from EssNet Interactive. The company received it's first large order last November from Norsk Tipping, the Norwegian State Lottery, which reports annual sales of approximately 9.7 billion Norwegian kronor. The Norwegian government has assigned Norsk Tipping the exclusive responsibility of replacing all current lottery machines in the country over the next few years. "EssNet Interactive faces an unique opportunity on the world market. The Norsk Tipping assignment is both stimulating and flattering," says EssNet Interactive CEO Jan Bohult. "But it also places great demands on both our partners and us. Throughout the years, our relationship with PartnerTech has been characterized by smooth communication, top quality and flexibility. Those qualities were decisive when we chose a contract manufacturer." "Our expertise in mechatronics affords us competitive advantages," says CEO Mikael Jonson of PartnerTech. "Now that know-how has led to an agreement for SEK 450 million. We are delighted that EssNet Interactive has chosen us for the prototype manufacture, new product introduction, production and distribution of such a large order." PartnerTech's plant in Åtvidaberg will immediately begin with the new product introduction and prototype design of the gaming terminals. For additional information, please feel free to call: Mikael Jonson, CEO, PartnerTech AB: +46 70-678 1001 Jan Bohult, CEO, EssNet Interactive: +46 8-702 58 59 Last week, PartnerTech announced another large project worth 300 million Swedish kronor over three years. Read more at www.partnertech.com EssNet Interactive is a subsidiary of EssNet, a world-leading developer of online gaming systems. Based in Stockholm, the company develops online systems for integrated Internet, mobile phone and interactive TV solutions. Its customers are state-run lotteries and betting pools in Europe, Asia, the Middle East, South America and Australia with licenses for Lotto, Keno, Bingolotto, Toto, Oddset, etc. PartnerTech develops and manufactures products under contract for leading companies, primarily in telecommunications, IT, the engineering industry and medical technology. The company (www.partnertech.com), which has approximately 1,150 employees, posted sales of more than SEK 1.3 billion in 2003 and is quoted on the O list of the Stockholm Stock Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/16/20040316BIT20520/wkr0004.pdf pdf version