Waystream signs agreement with NOTE AB for manufacturing in Sweden
The Swedish technology company Waystream, which manufactures products for broadband networks, has signed an agreement with the contract manufacturer NOTE AB. The agreement means that Waystream can transfer parts of its production to Note's Swedish factory in Lund as needed. Waystream also has manufacturing in China.
"The deal with Note is part of our strategy to minimize risks. By having manufacturing in several locations we become less vulnerable to disruptions in the logistics system. The environmental aspect is also important as we get shorter transport routes to important markets", says Susanne Torrbacka, acting CEO of Waystream.
Note is a Northern European manufacturing partner for the production of electronics-based products that require high technical expertise and flexibility during the product life cycle.
"We chose Note because they could offer a good solution and match our quality requirements at the same time as we get the capability to manufacture in another continent. The Corona pandemic has made clear the risks that exist in the logistics system as countries are forced to shut down completely or partially. With more, distributed, factories we reduce the consequences of such events", says Stefan Blixt, logistics manager at Waystream.
For more information, please contact:
Susanne Torrbacka, acting CEO Waystream
Mobil: +46 (0) 70 553 20 20
Email: susanne.torrbacka@waystream.com
Waystream develops network products for communication over fiber, that are reliable, easy to operate and delivers great services. This enable our customers to build their networks faster, more robust and with a better return on investment and more satisfied end-users. Waystream was founded in 2001 with the vision of a global network that enable communication between all humans, because communication leads to development and innovation that makes society better.
The company is listed on Nasdaq First North under the trade name WAYS. Waystream Certified Advisor is FNCA Sweden AB. info@fnca.se, +46(0)8-528 00 399
