Read Microsoft Word - SVEDICE_PR_27Apr07.doc text version

SVEDICE AB ANNOUNCES THE SIGNING OF AN INVESTMENTAGREEMENT WITH SFO TECHNOLOGIES, a NeST GROUP COMPANY Svedice AB, based in Järfälla, Sweden, is a leading European provider of customized InP-semiconductor foundry solutions and Telcordia-qualified DFBEA, DFB-, APD- and PIN-devices. The company offers semiconductor processing services as well as process design services. For wafer- and Chipon-carrier-processing, Svedice offers services like III-V epitaxial growth, materials characterization, e-beam writing, lithography, etching, metallization and testing. For device- and process-design, computer simulation tools in combination with 20 years of design experience in the team are available. SFO Technologies, a NeST Group company, is an international corporate group with a global business turnover of US$ 150 Mio employing more than 3500 employees worldwide. SFO Technologies' products and services are available in diverse technology fields such as Embedded Software, Middleware, Applications, Digital Electronics, RF & Wireless, Wire harness, Power Supplies, Fiber Optics and Optronics and mechanical/plastic packaging. Additionally, SFO Technologies offers innovative products, services and solutions to markets like Healthcare, Communication, Industrial and Transportation. Apart from the software development facility in India, the Group has setup a number of world class manufacturing facilities and has established worldwide operations with offices in USA, CANADA, AUSTRALIA, JAPAN, UK & QATAR. All facilities of the group are ISO 9001 certified and the group has committed themselves to reach Six Sigma level in quality. Dr. Dirk Sinerius, CEO of Svedice Ab, commented: "SFO Technologies are becoming a co-investor to the existing Swedish investor consortium. We are very pleased about their decision of investing into the company's future. Supported by the SFO Technologies' sales force, we'll be able of expanding our customer base and growing our business significantly at a much higher pace. On the operational side, we have already a well-established, close bi-lateral partnership. SFO are our customer for laser- and receiver products and our outsourcing partner for volume manufacturing of Chip-on-carrier's (ConC's)". Mr. Javad (Jay) Hassan, Chairman of the NeST group, said: "Svedice has world class capabilities in manufacturing of laser- and receiver-devices. The company has been building effectively on it's strong legacy dating back to Ericsson Microelectronics. We are very focused on the optical communications industry. I want Svedice to become the center of our optical business unit within SFO Technologies. The demand for opto-electronic devices will increase and SFO Technologies will definitely be a major player in this market".


Microsoft Word - SVEDICE_PR_27Apr07.doc

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