LINKOPING, Sweden, Dec. 05, 2003 (PRIMEZONE) -- IT and medical technology company Sectra is increasing its focus on the UK defense and government authorities market for secure communications systems and is establishing a new company, Sectra Communications Ltd., with office in central Cheltenham, England.
"Establishment in the UK is a step in our aim to broaden Sectra's position on the international market," says Tommy Waszkiewicz, President of Sectra Communications AB. "The UK is one of the largest defense markets in Europe and the demand for sophisticated cryptographic products offered by Sectra is substantial," continues Tommy Waszkiewicz.
Sectra Communications Ltd. will be run by directors David Law and Mike Christie. Mr. Law has broad business and technical experience in finance, industry and the defense sector. Mr. Christie has among other things worked as Managing Director of two crypto design companies involved in developing many of the crypto systems in use in the U.K. Government today.
Sectra develops and sells secure mobile communications systems, high- speed encryption for telecom and data lines as well as tactical radio systems. Customers are the defense forces and government authorities in Europe and within NATO with extremely high demands on communications security. Sectra has strong core expertise in encryption and is one of the leading companies in the world in the design and development of secure communications systems. Sectra's system is used by customers in Sweden, Norway, Germany, the Czech Republic, the Netherlands, Finland, the US, NATO's central organization and US EUCOM.
Sectra's operations
Since the mid-1980s, Sectra has successfully conducted development and sales of high-technology medical IT and telecommunications products. Today, the business includes products in medical systems, secure communication systems and wireless information systems.
Sectra's secure communications business is conducted in Sectra Communications AB, which is one of the world's leading companies in the design and development of secure communication systems.
Sectra's head office is located in Mjardevi Science Park in Linkoping, Sweden and the company has its roots in research conducted at Linkoping Technical University. Business is conducted in eight countries with a total of 280 employees. Sales for the fiscal year 2002/03 reached SEK 503 million. Since March 1999, Sectra's shares have been quoted on the O list of Stockholmsborsen (Stockholm Exchange). As of July 1, 2003, the share is quoted on the Attract 40 list.
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