NOTE establishes new partnership with Micropower Group
NOTE has started a collaboration with the Swedish company Micropower, which manufactures electricity supply products. Manufacturing has recently begun at NOTE's plants in Lund and Pärnu.
NOTE manufactures PCBAs and box build for lithium ion batteries, which are delivered to Micropower in Växjö, Sweden. Both manufacturing and logistics designs have been designed in consultation between both parties. Once the battery systems have been completed, they will be able to be used by Micropower's customers in different business areas. Annual sales are expected to be approximately SEK 20 million.
“It is gratifying that Micropower has chosen NOTE as an electronic partner, as they operate in a growing market with very high-quality requirements," says Johannes Lind-Widestam, NOTE's President and CEO. “We also feel that Micropower fits well into our structure, as we have plants in several countries and can thus grow together with the customer in the future".
“We are in a very expansive phase and need partners who have the ability to quickly adapt production capacity with a high and stable quality level. The agreement with NOTE means that we secure a production capacity that complements our own production in a good way,” says Torbjörn Gustafsson, President and CEO of Micropower Group.
For more information, please contact:
Johannes Lind-Widestam, CEO and President, tel. +46 (0)70 541 7222
Henrik Nygren, CFO, tel. +46 (0)70 977 0686
Torbjörn Gustafsson, CEO and President Micropower, tel.+46 (0)70 393 7929