Stock Exchange & Press Releases 1999

Print Print this release
Elektrobit Group Oyj - JOT AUTOMATION GROUP PLC'S SALES NETWORK IN FAR EAST EXPANDS

May 06, 1999

JOT AUTOMATION GROUP PLC'S SALES NETWORK IN FAR EAST EXPANDS


JOT Automation Group Plc and a Chinese company, Silicon International Ltd, have signed a partnership agreement concerning sales and marketing of JOT Automation Group's products and complete systems in the Chinese market area.

"This partnership agreement significantly supplements JOT Automation Group's own sales and marketing network particularly in Far East. Last year we established our own sales and service office in Hong Kong, China. In April of this year we made a marketing and sales agreement with the Republic of Korea, and now we have further boosted our position in the growing Asian market", says president Jorma Terentjeff.

Silicon International Ltd is part of the Swiss PB-Technik Group established in 1986. Silicon International Ltd has a sales and service network covering all of China. Sales and service units are located in Hong Kong, Beijing, Shanghai, Shenzhen and Wux. Silicon International Ltd's net sales in 1998 were about 6 million USD, and the company employed 30 people.

JOT Automation Group specializes in manufacturing and marketing production automation for the electronics industry. The group has subsidiaries in eight countries. On March 31, 1999 the group employed 502 people and its net sales during the first quarter in 1999 totaled 27.6 million euros. The company's shares are listed in the Helsinki Exchanges.

Oulunsalo, May 06, 1999

JOT Automation Group Plc
Board of Directors

Jorma Terentjeff
President, CEO