Elektrobit Group Oyj - EB, ELEKTROBIT CORPORATION, STRATEGIC GUIDELINES
February 17, 2011
EB, ELEKTROBIT CORPORATION, STRATEGIC GUIDELINES
STOCK EXCHANGE RELEASE
Free for publication on February 17, 2011, 8.00 a.m. (CET+1)
EB, ELEKTROBIT CORPORATION, STRATEGIC GUIDELINES
The Board of Directors of EB, Elektrobit Corporation, has updated EB's strategic guidelines. The objective is to strengthen EB's position as a leading provider of Automotive and Wireless solutions, products and services and to further improve profitability. The strategic guidelines announced in June 2009 are updated with growth targets and business models of the Business Segments .
According to the strategy, EB continues to focus on two Business Segments - Automotive and Wireless. EB's objective is to be a leading provider of solutions, products and services in its selected businesses. The most important short-term objective is a positive operating profit and profitability development.
Within the Automotive Business Segment EB focuses in software for cars. Applications include in-car software platforms and communications protocols, user interface solutions, navigation software and software development environments. Our main customers include leading car manufacturers, car electronics suppliers and chipset suppliers for the automotive industry. In addition to R&D services and software products, EB offers customized solutions utilizing product platforms and expertise in technology and integration. During the next few years EB aims to develop its business model to become more software products driven which will make EB's net sales more directly dependent on car production volumes. In the Automotive Business Segment the objective is to increase the net sales at least at the same pace with the automotive software market growth.
Within the Wireless Business Segment EB offers customized device and network infrastructure solutions, technology platforms, R&D services, and test tools for radio channel environments. EB also offers its customers EB-designed devices by utilizing manufacturing partners. Customers include mobile phone and network equipment manufacturers, satellite and mobile phone network operators, defence and security industry and authorities and chipset manufacturers. EB's offering to its customers and EB's competitiveness are based on strong and broad expertise in radio technology, embedded software solutions, electronics and product integration. In the Wireless Business Segment the objective is to gradually increase the net sales during the next few years.
EB will continue its focused R&D investments in the Automotive and Wireless Business Segments. EB will further develop partnerships and identify M&A opportunities that will increase the company's competitiveness and broaden the market opportunities.
Oulu, February 17, 2011
EB, Elektrobit Corporation
Board of Directors
Further information:
Jukka Harju
CEO
Tel. + 358 40 344 5466
Distribution:
NASDAQ OMX Helsinki Ltd
Major media
EB, Elektrobit Corporation
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. The net sales for the year 2010 totaled MEUR 161.8. Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com
