PartnerTech Files Legal Action against Network Automation

PartnerTech Åtvidaberg AB, a subsidiary of PartnerTech AB, has today filed a legal action against Network Automation MXC AB for SEK 19 million, including VAT of almost SEK 4 million. The action concerns non-payment for development and manufacture of products that automate cross-connections in the fixed telecommunications network. Services, materials, and tools are also included. PartnerTech, which is demanding compensation from Network Automation for unpaid invoices, has – in accordance with applicable accounting rules and principles of prudence – set aside provisions totaling 50% of the amount over the past year. The provisions were mainly made in 2005. If the ruling is in PartnerTech's favor, the provisions will be reversed and improve earnings accordingly.