PartnerTech obtains new orders from the defense industry

PartnerTech obtains new orders from the defense industry

PartnerTech has obtained new orders worth a total of approximately SEK
100 million from three large customers in the defense industry.
Production will take place at the PartnerTech plant in Karlskoga for
delivery in 2011.

For a long time PartnerTech plant in Karlskoga has manufactured
mechanical components for all of these customers. The new orders will
significantly boost volumes at the plant in 2011.

“Because customers in the defense industry often rely on long-term
contracts, its business cycle differs somewhat from other industries,”
says Leif Thorwaldsson, President and CEO of PartnerTech. “The recession
hit it later, and these new orders are an additional sign of the
recovery that became visible in the third quarter of 2010. Of course,
the orders are also further evidence of the confidence that our
customers have in our Karlskoga plant and its production facilities.”

For additional information, feel free to call:
Leif Thorwaldsson, President and CEO, +46 (0)40 10 26 41
Kjell Edholm, Managing Director, PartnerTech Karlskoga, +46 (0)586 24 60
11
Marielle Noble, Communications and Investor Relations Manager, +46 (0)40
10 26 43