NOTE signs agreement with Radiocrafts AS of Norway

NOTE signs agreement with Radiocrafts AS of Norway

Radiocrafts AS is a leader in the design and production of sophisticated
wireless communication modules. NOTE will be producing an integrated, complete
module capable of sending and receiving wireless data. The product has
applications including taking electricity, water, gas and heating meter readings
in households. 

The deal was signed by Norteam Electronics, which NOTE acquired in December
2008. Norteam in Oslo will be conducting industrialisation, prototyping and
low-volume manufacture. High-volume production will be located at NOTE's
Industrial Plants in cost-efficient countries.

“The reason we selected NOTE as our supplier is its closeness and flexibility.
The first phases of the process will be in close interaction with ourselves,
which is time and cost-efficient. Volume production will then be located where
it is best for us,” said Peder Martin Evjen, President of Radiocrafts AS.

“This is another good example of our Nearsourcing strategy working,” responded
Knut Pogost, NOTE's President and CEO, “it is based on three main
segments—starting up Nearsourcing centres close to customers, cost control
through the product lifecycle and cost-efficient production in the optimal
location for the customer. We offer customers great freedom of choice so all
phases of product manufacture is located where it suits them best.”

For more information, please contact:
Knut Pogost, President and CEO, tel. +46 (0)8 568 99006, +46 (0)70 552 3444
Björn Furu, President of NOTE Oslo, tel. +47 220 797 29, +47 930 898 46

About NOTE 
NOTE's business concept is to offer services in the production and logistics of
electronics-based products. NOTE has a presence in Sweden, Norway, Finland, the
UK, Estonia, Lithuania, Poland and China. In 2008, net sales were SEK 1,710 m;
the group has approximately 1,200 employees. For more information, please go to
www.note.eu


About Radiocrafts AS: (www.radiocrafts.com)
Radiocrafts is a leading RF module design and manufacturing company.
Radiocrafts' standard RF modules provide compact, easy-to-use, low cost, low
power and high performance RF solutions for 
a large number of wireless applications using license-free ISM bands. Using
modules OEM manufacturers without RF design knowledge can easily add wireless
technology into their design, reducing time-to-market, cost of design, test and
compliance approvals. Radiocrafts also offers custom and application specific
product development, supporting customers from initial project ideas to volume
product delivery.
Radiocrafts AS, Sandakerveien 64, 0484 Oslo, Norway, tel: +47 4000 5195