Regulatory Filings • May 22, 2009
Regulatory Filings
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PRESSRELEASE Halmstad May 22, 2009
Through its partly owned subsidiary IntelliCom Innovation AB, HMS Networks AB (publ) received two renewed delivery agreements for its Gateway products for industrial communication. The total value of these two agreements is approximately SEK 7,5 million. Delivery under these agreements will be completed during the next two years.
One of the customers is a world leading system supplier in power distribution and the other customer is a market leader in the area of ventilation in commercial properties.
IntelliCom Innovation AB is a partly owned (52%) subsidiary of HMS Networks AB (publ). IntelliCom has 15 employees mainly focused on technology and product development to control, supervise and monitor industrial products and systems.
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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