Smarteq AB: Smarteq Develops New GPS-antenna for the VOLVO Group

The agreement is a result of Smarteqs’ previous nomination as one of the preferred suppliers of antennas to the Volvo Group. The new GPS-antenna, tailored to parts of the Volvo Group, is based on Smarteqs newly developed platform, which has extremely low power consumption.

– Again we are able to conclude that our technical knowledge and know-how on antennas is among the best in the world. This agreement makes it possible for us to add another customer made antenna to our extensive range of antennas for the truck industry, which we are very proud of, says Lars Ericson, CEO Smarteq.

The agreement, which was recently signed, is a result of Smarteqs’ nomination as being one of the Preferred Suppliers of antennas within the Volvo Group. The appointment to be a preferred supplier was signed in August this year and truly strengthens Smarteqs’ position as an approved supplier to the automotive industry, which is one of three focus areas for the company.

More about Smarteq Smarteq AB, based in Stockholm, Sweden, is a leading developer of antennas and antenna systems for the customer segments Automotive, M2M (machine-to-machine), and Mobile Communications (wireless transfer of voice and data). The market is driven by the fast development of mobile telephony, the increased demands from the automotive industry for more advanced communication to and from vehicles, as well as the growing need for wireless communication between equipment and machines, M2M.

Automotive: Smarteq is well established on the market for antennas designed for trucks and cars. Among its customers are large auto companies such as Volkswagen, Audi, Bentley Motors, SAAB, Scania, AB Volvo. M2M: The fastest growing segment in other industrial applications is M2M. Customers are found within the areas of automated reading of utility-meters and wireless alarm systems. Customers include Telenor Cinclus, Kamstrup-Senea, Landis+Gyr, as well as Securitas Direct.

Mobile Communications: There is a strong trend towards increased use of wireless communication for speech and data with a range of different technologies. Examples are CDMA450, GSM, UMTS, WiMAX, and WLAN, systems that are all supported by Smarteq. Customers include Nowire, Ice.net, Ericsson, and SAAB Defense.

More information about Smarteq can be found at www.smarteq.com

Smarteqs’ main shareholder is Consafe IT, which is part of the JCE Group. JCE was founded 1971 by J Christer Ericsson. The company is active within technical engineering & industrial design, IT & software logistics, construction & real estate, forestry & bio energy, private medical clinics, hardware manufacturing & distribution and financial services. JCE have approximately 8000 employees in 10 countries. The Head Office is in Gothenburg, Sweden. For more information: www.jcegroup.se

Smarteq AB (publ) is a leading Antenna Company that supplies and develops high-quality antennas and antenna systems for communication between vehicles, machine-to-machine (M2M), and wireless transfer of voice and data. Smarteq is active in the OEM-market and in the aftermarket. The company is represented by distributors and agents in more than 30 countries worldwide. The head office is located in Stockholm, Sweden. Smarteq is listed on First North of the Stockholm Stock Exchange.

For more information: www.smarteq.com

This information was brought to you by Cision http://www.cisionwire.com

Contacts

Smarteq AB
Lars Ericson, CEO
Tel: +46705 56 80 65
E-post: lars.ericson {at} smarteq(.)se