NOTE acquires production capacity in China

NOTE acquires production capacity in China

NOTE is starting a strategic collaboration with Ionics EMS of the Philippines.
In the first phase, NOTE will acquire 50% of Ionics EMS's facility in China.

“I'm delighted that we're starting a strategic collaboration with Ionics EMS
now, one of Asia's leading EMS providers. This acquisition brings us
cost-efficient production capacity in China and Asia. The facility is new (2005)
and currently has trained, skilled staff on-site, and new machines. Our
intention is to utilise the unit for existing and new customers. We already have
customers in the Telecom and Industrial segments that need production in China
and Asia. This initiative also means us consolidating our role as a long-term
partner for our major customers,” commented Arne Forslund, NOTE's CEO and
President.

“In the current year, this will generate a marginal effect on sales and earnings
but we will see a positive effect as early as during 2008 because we can
relocate production to Asia. The new customers we expect to attract through this
deal would be additional. The facility has annual production capacity equivalent
to some SEK 500 m, and current capacity utilisation is less than 
SEK 100 m. The acquisition is fully consistent with our long-term strategy of
starting production capacity in cost-efficient countries. We can now address
customers with a focus on the growing Asian markets,” concluded Mr. Forslund.

“With our ODM (original design manufacture) skills, this deal gives us a secure
link to the European market, while we see huge opportunities in developing our
business connections with NOTE,” responded Lawrence C. Qua, CEO and Chairman of
Ionics EMS.

For more information, please contact:
Arne Forslund, CEO and President of NOTE AB, tel. +46 (0)8 568 990 07, +46 (0)70
547 74 77 
Knut Pogost, President of NOTE Components and LCR Manufacturing, tel. +46 (0)8
568 990 06, 
+46 (0)70 552 34 44

About NOTE 
“Our business concept is to produce electronics from design to after-market in
close co-operation with our customers.”
NOTE is one of the Nordic region's leading contract manufacturers of electronics
and is established in Sweden, Finland, Norway, the UK, Estonia, Lithuania and
Poland. Net sales for 2006 totalled 
SEK 1,742 m, and the NOTE group has approximately 1,100 employees. Read more at:
www.note.se

About Ionics EMS
Ionics EMS offers a full range of electronics manufacturing services at industry
leading levels with distinct advantages through its main locations in the
Philippines and China. Ionics EMS is listed in the Singapore Stock Exchange. For
further information, please refer to www.ionics-ems.com