Stock Exchange & Press Releases 2007

 

 

 

SUMMARY

 

Year 2006 briefly:

 

Elektrobit's strategy was redefined during spring 2006. The new strategy of Elektrobit was formulated as one which focuses on the Wireless Communications Solutions and Automotive Software Business Segments. The former Business Segment was defined to include R&D services, advanced mobile terminal reference designs and mobile WiMAX radio base station business. The Network Test, System Test and Production Solutions Business Units were defined to form the Test and Automation Business Segment and were chosen to be developed separately. It was announced that Elektrobit will be seeking industrial partners to further strengthen the long-term competitiveness of the Test and Automation Business Units, with possibly different long-term solutions for each of them individually.

 

Considerable investments in automotive software products, in mobile WiMAX products, in smartphone reference design platform components as well as in production partnering capability were made. In the fourth quarter, Elektrobit decided to withdraw from the 3G smartphone ODPM (Original Design with Partnered Manufacturing) business model.

 

The Network Test business was sold.