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SERITRONIC AND TERMA INTENSIFY COOPERATION



Støvring, Thursday, 22 October 2009 – Today, the Støvring company Seritronic I/S signs a long-term cooperation agreement with Danish defense and space group Terma A/S for the supply of mechatronics solutions.

In June 2009, Seritronic and Terma entered into a three-year contract for the supply of components and solutions for Terma’s self-protection equipment for naval vessels. Further, Seritronic supplies control panels which Terma uses for simulators also used on board naval vessels.

Mechatronics solutions for the electronics industry is a Seritronic core competence, and the company’s experience within this area was decisive in connection with the Terma contract. Mechatronics consists of a system which contains a mechanical and an electronic construction combined with information technology.

- We are very pleased with the supply of solutions to Terma - a professional company which places heavy requirements upon its suppliers. The process has been educational and marked by major constructiveness, and we look forward to the continued process, says Director of Sales Hans Henrik Pedersen, Seritronic. He considers the contract an actual breakthrough for the Seritronic department at Sønderborg. This department was acquired with the aim of developing and supplying targeted and customer-specific mechatronics solutions.

- Terma places the same requirements upon our cooperation partners which our customers place on us. In particular, Seritronic has demonstrated its willingness and ability to adapt to the specific requirements which must be observed as a supplier within the international defense industry. Combined with the company’s expertise, this is a key reason why we enter into this strategic partnership today, says Vice President of Global Procurement Jan Sass Hvass, Terma A/S and continues:

- Close, long-term strategic partnerships with key suppliers will become even more important for Terma in the coming years. We have an international growth strategy which implies increased cooperation with partners and suppliers, who can contribute to Terma’s growth and development via their expertise, says Jan Sass Hvass.

About Seritronic

Seritronic I/S has a staff of approx. 70 employees in the company’s two departments at Støvring and Sønderborg respectively. The company is a high-tech sub-supplier company with production of mechatronics solutions and customer-specific control panels as its core competencies.

The company’s customer segment is broad and includes the defense industry, the medical device industry, and the electronics industry. The export share amounts to 30 % of the company’s revenue.