Regulatory Filings • Dec 18, 2009
Regulatory Filings
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PRESS RELEASE Halmstad December 17, 2009
HMS Networks AB (publ) has received an order for a new gateway product from a leading North American automation company. The initial value for product adaption related to this order is approximately SEK 2 million. Product adaptation of this order will be completed during 2010-2011. Annual volumes the following years are expected to be SEK 2-3 million per year.
The gateway will provide the capability of direct communications from motor starters to automation systems over EtherNet/IP. The motor control and diagnostic information can be obtained via a web browser or automation controllers and communication devices that support EtherNet/IP. This information will provide users with the data needed to manage their operation and maintenance of electric motors.
"The gateways will be used to connect motor protection and motor control devices to EtherNet/IP. This is a breakthrough order for our latest gateway technology and will allow users to get their motor control application on a single Ethernet network architecture, says Kevin Knake, Executive Vice President at HMS subsidiary HMS Industrial Networks Inc.
"This new order for our gateways in these demanding applications is a great step for us in our efforts within the electric motor and power control area where HMS traditionally has been supplying our Embedded Products. That we now also win new business to interconnect these devices by using our Gateways as a system solution is a good synergy between our product lines" 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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