SwitchCore receives major volume order from Keymile for Xpeedium2pro

2006-11-22

SwitchCore today announced that it has received a major volume order from the Austrian company Keymile totaling SEK 2.2 million in Q4. The order is for delivery in Q1 2007.

“This order is important for SwitchCore from many aspects and means that we now have a customer who has launched a product with our second generation products, Xpeedium2pro, and that Keymile is now ready to take the product into mass production, meaning greater volumes over the long term for SwitchCore. The second aspect is that the European market is increasingly important for SwitchCore because telecom has adopted Ethernet as the technology of choice for future access solutions.”

About the business:

SwitchCore AB

SwitchCore AB develops markets and sells integrated network devices for data, voice and video communication based on the Ethernet standard. The core of SwitchCore’s expertise is in its CXE technology, which allows for significantly higher network product capacity. Using SwitchCore’s components, customers can develop network products that cost-efficiently manage and prioritize data, video and voice traffic for many demanding applications. Customers and partners are network equipment manufacturers and suppliers, including Intel, Allied Telesyn, Huawei/3Com, Alloptic, Corecess, Dasan, Radisys and World Wide Packets. The Group presently has about 60 employees and some 60 consultants contracted. SwitchCore’s headquarters is in Lund, Sweden. The Company also has offices in San Jose, USA, as well as Singapore and Shanghai in Asia and Rotterdam in Europe. The Company is listed on Stockholm Stock Exchange’s O List under the SCOR ticker. For more information visit http://www.switchcore.com

Contact Information

Maria Rydén-Persson

CFO SwitchCore

SwitchCore AB

Contact via E-mail