PartnerTech and BAE GCS have signed a letter of intent for the manufacturing of defense electronics

PartnerTech and BAE GCS have signed a letter of intent regarding the manufacturing and testing of defense electronics. Production will partly take place in PartnerTech’s plant for electronics in Vellinge and PartnerTech’s plant for machining in Karlskoga.

"This development exemplifies our commitment to grow with our customers and to increase business between our operational areas; machining, electronics, systems integration and enclosures," says Leif Thorwaldsson, President and CEO of PartnerTech.

The production of defense electronics in Karlskoga and Vellinge is expected to begin during the third quarter of 2012.

For more information, please contact:

Leif Thorwaldsson, President and CEO, Tel: +46 (0) 40 10 26 41

Martin Valfridsson, Managing Director, PartnerTech Karlskoga, Tel: +46 (0)73 23 93 455

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 approximately 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 AB, corporate identity number 556251-3308

Box 103, Industrigatan 2, SE-235 22 Vellinge, Sweden

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 2.00 pm on June  27th, 2012.