PartnerTech and Gunnebo sign expanded cooperative agreement

PartnerTech and Gunnebo sign expanded cooperative agreement

Gunnebo Cash Automation, a subsidiary of the Gunnebo security group, has signed
a new cooperative agreement with PartnerTech to manufacture products for its
SafePay™ cash handling system. The agreement runs until 2010. 

“We have collaborated with PartnerTech for several years and are very satisfied
with the results,” says Bertil Gunnesson, Operations Manager at Gunnebo Cash
Automation. “That's why we have decided to work together more closely on our
strategically important SafePay cash handling system. PartnerTech is already
manufacturing the coin handling unit for the system. In accordance with this
agreement, PartnerTech is also taking over production of the bill handling unit
from another supplier.”

SafePay is a closed, recirculating system for cash handling at retail outlets.
Collaboration between the two companies began in 2003 when PartnerTech helped
develop the coin handling unit of SafePay. 

The new general agreement runs until 2010. Production is at PartnerTech's
customer center in Åtvidaberg, Sweden, which specializes in systems integration.


“We are very pleased that Gunnebo Cash Automation is entrusting more of their
production to us,” says Acting PartnerTech CEO Rune Glavare. “Our Åtvidaberg
customer center has the expertise needed to ensure superior service and quality
for this kind of product.”


For additional information, please call: 
Rune Glavare, CEO (Acting), PartnerTech AB, +46 (0)706 20 24 54
Bertil Gunnesson, Operations Manager, Gunnebo Cash Automation AB, +46 (0)31 749
90 55


Gunnebo Cash Automation
As a subsidiary of the Gunnebo security group (www.gunnebo.com), Gunnebo Cash
Automation is in charge of design, development, production and purchasing for
solutions that promote secure and efficient cash handling, particularly in the
banking and retail sectors. 

PartnerTech
PartnerTech develops and manufactures products under contract for leading
companies, primarily in telecommunications, IT, the engineering industry and
medical technology. With some 1,800 employees at its plants in Sweden, Norway,
Finland, Poland, the UK, the United States and China, PartnerTech reported sales
of approximately SEK 3 billion in 2006. PartnerTech AB (www.partnertech.com),
the parent company, is headquartered in Malmö and listed on the OMX Nordic
Exchange Stockholm.

Information reported to the Swedish Financial Supervisory Authority
(Finansinspektionen)