Brief: H&D Wireless Gets Order From Trixell

Hitech & Development Wireless Sweden Holding AB (publ)

11/08/2023 07:37

Aug 11(Reuters) - Hitech & Development Wireless Sweden
AB  HDWb.ST :
    * SAID ON THURSDAY H&D WIRELESS HAS BEEN SELECTED BY TRIXELL
TO
SECURE REGULATORY APPROVAL AT END PRODUCT LEVEL FOR SEVERAL
COUNTRIES INCLUDING RADIO CERTIFICATION AND APPROVAL FOR THE
CHINESE MARKET
    * INITIAL ORDER VALUE IS ABOUT 800,000 SEK
    * TRIXELL IS A JOINT VENTURE BETWEEN THALES, PHILIPS
HEALTHCARE
AND SIEMENS HEALTHCARE
    * TRIXELL CHOSEN H&D WIRELESS AS A SUPPLIER FOR SOME OF THE
NEW
PROJECTS THAT ARE PUT INTO PRODUCTION DURING THE YEAR AND ARE
EXPECTED TO INCREASE TO FULL VOLUME IN 2024
    * THE TOTAL VALUE FOR H&D WIRELESS OF PROJECTS THAT THE
COLLABORATION WITH TRIXELL IS EXPECTED TO LEAD TO IS ESTIMATED
TO BE HIGHER THAN SEK 6-10 MLN OVER PERIOD OF 5 YEARS ACCORDING
TO A CONSERVATIVE ESTIMATE IN SALES FOR THE COMPANY

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN6Sy4hD
 Further company coverage:  HDWb.ST  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))