Vensafe chooses PartnerTech for strategic cooperation

Vensafe chooses PartnerTech for strategic cooperation

Vensafe ASA, which develops and markets a safe system for the automated sale of
high-cost, small-sized items at retail outlets, has chosen PartnerTech for
long-term strategic cooperation. The agreement, which covers production of
mechanical and electronic components and assembly for Vensafe's new dispenser
sales concept, Zervio, is expected to boost PartnerTech's sales by approximately
SEK 100 million over three years. Orders worth approximately SEK 20 million are
scheduled for delivery in the next two quarters. Production has started at
PartnerTech's plant in Moss, which has specialist mechanical and assembly
expertise.

Arve Kristoffersen, CEO of Vensafe, says, "PartnerTech offers long-term
strategic cooperation that satisfies our needs. I am very pleased that our
technical collaboration has already generated proposed cost-effectiveness
measures, which will make our product even more competitive."

Per Sølvberg, MD of PartnerTech AS, says, "This is a very important strategic
order for us, offering major potential for the future. Vensafe's choice of
PartnerTech demonstrates the strength and competitiveness of our concept, which
is based on the combination of high capacity and technical expertise in close
cooperation with our customers."


For additional information, please call:
Mikael Jonson, CEO, PartnerTech, Tel: +46 706 781 001
Per Sølvberg, MD, PartnerTech AS, Tel: +47 911 03375
Arve Kristoffersen, CEO, Vensafe ASA, Tel: +47 909 12593

About Vensafe
Vensafe ASA (www.vensafe.com) was established in 1998. The company's early years
were characterized by the development of prototypes and the initiation of system
testing at selected stores. The development of a system that meets the demands
of retailers when it comes to design and functionality was more time-consuming
than initially expected. Much effort was also put into convincing retailers to
adopt an entirely new concept. After further development and market adaptations
of the earlier systems, the first generation of the new Zervio model was
introduced in August 2006. Thanks to the introduction of the new Zervio family
and successful marketing, the sales and order backlog has steadily increased. 

About PartnerTech
PartnerTech (www.partnertech.com) develops and manufactures products under
contract for leading companies, primarily in telecommunications, IT, the
engineering industry and medical technology. With approximately 2,000 employees
at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and
China, PartnerTech reported sales of approximately SEK 3 billion for the past 12
months. PartnerTech AB, the parent company, has its head office in Malmö and is
listed on the OMX Nordic Exchange in Stockholm.