Regulatory Filings • Dec 11, 2009
Regulatory Filings
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"The Chinese government is investing heavily in new subway lines in several cities next years. HMS has now been established as a supplier of gateways to these installations, securing a flexible communication link between different communications protocols used in these large scale installations", says Jianying Zhao, Sales & Marketing Manager of HMS' Beijing office.
The different projects where HMS' products will be used are:
"These new orders for Chinese infrastructure projects underline the fact that HMS products are not only used in traditional Factory Automation industry, but also in completely other areas where flexible communication solutions is required" says Staffan Dahlström, CEO of HMS.
CEO Staffan Dahlström, +46 35 17 29 01 CFO Gunnar Högberg, +46 35 17 29 95
Press pictures and background information for editorial use can be downloaded under "Press" at http://investors.hms.se.
HMS Networks AB (publ) is a world-leading supplier of communication technology for industrial automation. Sales for 2008 grew by 17% to SEK 317 million. Over 90% of these sales were to customers located outside Sweden. All development and the major portion of manufacturing is carried out at the head office in Halmstad. Sales offices are located in Japan, China, Germany, the USA, Italy and France. HMS has 155 employees and produces network interface cards and products to interconnect different networks under the trademark Anybus®. The network interface cards are embedded in automation equipment such as inverter drives, robots, control systems and sensors. This allows subcomponents in machines to communicate with one another and with different networks in order to build more efficient and flexible automation systems with reduced energy consumption.
In 2008 HMS was presented with Sweden's "Best export company" award by H.M. the King of Sweden and HMS has had an average growth of 30% year-on-year over the past ten years. HMS is listed on the NASDAQ OMX Nordic Exchange in Stockholm in the Small Cap, Information Technology sector.
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