PartnerTech signs framework agreement with Dignitana AB (publ)

Contract manufacturer PartnerTech AB and Dignitana AB (publ), a company focusing on medical devices in the area of medical cooling, today announced the signing of a framework agreement for the development, manufacturing and supply of products to Dignitana AB.

Initially, the agreement will focus on the DigniCapTMSystem, a patented scalp cooling system which prevents chemotherapy induced hair loss. The agreement covers the full scale of PartnerTech’s competences within electronics, mechanics, systems integration and enclosures, and production will initially cover enclosures delivered from PartnerTech’s unit in Åtvidaberg, Sweden. Revenue and the first deliveries from this agreement are expected in the third quarter 2012.

Dignitana has during the last year signed on two major international healthcare partners, Konica Minolta MG and Sysmex Europe GmbH, a subsidiary of Sysmex Corporation, and will substantially increase the level of production to meet the demand from the market and their partners.

" We have been working very close with Dignitana and one of their partners in the implementation of improvements and preparation for start-up of production of the DigniCapTMSystem. Dignitana is an innovative company, both in terms of technology and business development, and we are very pleased that they have chosen PartnerTech as a key partner for the long term development and production of their products,” says PartnerTech President and CEO Leif Thorwaldsson.

“The next phase of Dignitana starts now, having established a solid industrial platform. Since more than a year back we have been working with the team at PartnerTech in different projects and, in close cooperation with and influenced by our two key Japanese partners, we have established a long term partnership with PartnerTech both for production and development”, says Martin Waleij, CEO Dignitana.

For more information, please contact:

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

Martin Waleij, CEO Dignitana AB, Tel: +46 - 733 93 70 76

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 11 a.m. on August  20th, 2012.

Dignitana

Dignitana AB, listed on the OMX First North Stockholm, focuses on patented invention DigniCap™ system , a medical device for preventing hair-loss in chemotherapy patients through standardized, controlled and reliable cooling of the scalp and for technologies within the area of medical cooling.