Schweizer Electronic AG

M&A Activity • Apr 24, 2009

News Details

Ad-hoc | 24 April 2009 10:22

Schweizer Electronic AG enters into strategic partnership with Meiko Electronics Co. Ltd., Japan.

Schweizer Electronic AG / Letter of Intent/Alliance

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Schweizer Electronic AG enters into strategic partnership with Meiko
Electronics Co. Ltd., Japan.

The long-term partnership comprises customer support and production as well
as, in subsequent steps, share exchanges and the development of technology
joint ventures.

Schweizer Electronic will be exclusively responsible for European printed
circuit board customers and Meiko Electronics exclusively for Asian printed
circuit board customers.

'Meiko is an ideal partner for us as both our companies have very similar
company values and core competencies. We have the same quality guidelines
and are bundling our know-how and resources in consulting and technology
expertise; from prototype right up to mass production in low cost
countries. Customer orientation, strength in innovation and joint
developments - those are the foundations on which both our companies are
building this alliance,' says Schweizer Electronic CEO, Dr. Marc
Schweizer.

'Schweizer Electronic AG is a company with a history of 160 years. This
means they are highly known and trusted by the market which is a clear
value to us. Within this cooperation based on our technology and production
together with Schweizer's established customer relationships, sales and
technical support system in Europe, we aim to manufacture products that
satisfy the European customers and thus contribute to our development.'
Yuichiro Naya, President and representative Director, Meiko Electronics
Co.Ltd.

Schweizer Electronic has taken a further significant step in the
implementation of its strategy of becoming a full service provider - from
express prototypes, through demanding PCB technology production ramp-ups,
to mass production in low cost countries.

Meiko Electronics Co. Ltd., founded in 1975 and listed on the JASDAQ since
2000, with over 8,000 employees and continuously developing production to a
capacity of now 500,000 m²/month with several locations in Japan, China and
Vietnam.

Schweizer Electronic AG (WKN 515623) is a leading European manufacturer of
printed cir-cuit boards with recognised expertise in technology and
procedures in automotive and industrial electronics, in particular
photovoltaic.

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Information and Explaination of the Issuer to this News:

Rigo Züfle
Investor Relations
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg / Germany
Telefon: +49 7422 512 - 363
E-mail: rigo.zuefle@schweizerelectronic.ag

Rigo Züfle
Investor Relations
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg / Germany
Telefon: +49 7422 512 - 363
E-mail: rigo.zuefle@schweizerelectronic.ag

24.04.2009 Financial News transmitted by DGAP

Language: English
Issuer: Schweizer Electronic AG
Einsteinstr. 10
78713 Schramberg
Deutschland
Phone: 07422-512-133
Fax: 07422-512-414
E-mail: ir@schweizerelectronic.ag
Internet: www.schweizerelectronic.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in Berlin

End of News DGAP News-Service

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