PartnerTech signs framework agreement with Safetykleen Ltd.

2012-03-28 10:00:00

Contract manufacturer PartnerTech AB and Safetykleen Ltd., Europe's leading supplier of parts-washing services, today announced the signing of a framework agreement for the development and manufacturing of products for Safetykleen Ltd.

The framework agreement runs over a period of three years with potential for extension. An initial order has been received for the new, environmentally friendly, Safetykleen Bio™ cleaning system with an estimated value of EUR 8.6 million over three years. Revenue is expected from the second quarter of 2012. The order is handled by PartnerTech's Customer Center in the UK and production will cover development services from the unit in Moss, Norway as well as deliveries of complete systems from the unit in Myslowice, Poland. The framework agreement will potentially cover further orders including the full scale of PartnerTech's competences within electronics, mechanics, enclosures and system integration.

The Safetykleen Bio™ cleaning system is an innovative concept where biologically degradable material is used instead of traditional detergents.

"This is a good example of PartnerTechs broad offer that covers both our development and production competences. It also demonstrates the advantage of our global structure where the local Customer Center can provide service close to the customer in combination with cost efficient production. We see a lot of potential in the CleanTech market area and we are very pleased to be working with such an innovative concept and a well-established company like SafetyKleen ", says PartnerTech President and CEO Leif Thorwaldsson.

"We are very excited to be working with PartnerTech and see this as the beginning of a very beneficial partnership", quoted Safetykleen Group Operations Director Darren Hall.

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 almost 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 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 10 am on March 28, 2012.

http://www.cisionwire.com/partnertech/r/partnertech-signs-framework-agreement-with-safetykleen-ltd-,c9237520

http://feed.ne.cision.com/client/waymaker1/WOLReleaseFile.aspx?id=2128653&fn=wkr0006.pdf

For more information, please contact:

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

Jan Johansson, Executive Vice President Market and Sales, Tel: +46 (0) 40 10 26 53

Cision