HMS Networks AB (publ) receives orders for its products used in
Chinese subway installations. The total value of these orders is
approximately SEK 3 million. Delivery under these agreements will be
completed during 2010.
"The Chinese government is investing heavily in new subway lines in
several cities next years. HMS has now been established as a supplier
of gateways to these installations, securing a flexible communication
link between different communications protocols used in these large
scale installations", says Jianying Zhao, Sales & Marketing Manager
of HMS' Beijing office.
The different projects where HMS' products will be used are:
- New Subway systems - HMS gateways are used as one important part of
the communication in the system design to connect controllers and
devices in different parts of the system. The HMS gateways are
installed in some subway installations already in use, and these new
orders are for 3-4 more subway lines that will be opened after 2010.
- One of HMS Japanese customers, using HMS' Embedded products, has
received an order of their inverters and power control equipment used
inside the railway cars for the new subway lines in Beijing. Embedded
Anybus technology from HMS is used in the advanced electrical power
equipment inside the cars.
"These new orders for Chinese infrastructure projects underline the
fact that HMS products are not only used in traditional Factory
Automation industry, but also in completely other areas where
flexible communication solutions is required" says Staffan Dahlström,
CEO of HMS.
For further information please contact:
CEO Staffan Dahlström, +46 35 17 29 01
CFO Gunnar Högberg, +46 35 17 29 95
Press pictures and background information for editorial use can be
downloaded under "Press" at http://investors.hms.se.
HMS Networks AB (publ) is a world-leading supplier of communication
technology for industrial automation. Sales for 2008 grew by 17% to
SEK 317 million. Over 90% of these sales were to customers located
outside Sweden. All development and the major portion of
manufacturing is carried out at the head office in Halmstad. Sales
offices are located in Japan, China, Germany, the USA, Italy and
France. HMS has 155 employees and produces network interface cards
and products to interconnect different networks under the trademark
Anybus®. The network interface cards are embedded in automation
equipment such as inverter drives, robots, control systems and
sensors. This allows subcomponents in machines to communicate with
one another and with different networks in order to build more
efficient and flexible automation systems with reduced energy
consumption.
In 2008 HMS was presented with Sweden's "Best export company" award
by H.M. the King of Sweden and HMS has had an average growth of 30%
year-on-year over the past ten years. HMS is listed on the NASDAQ OMX
Nordic Exchange in Stockholm in the Small Cap, Information Technology
sector.
