11/18/2003 - SwitchCore has signed a sales and representative agreement with one of Japan's leading component distributors for enterprise network products, PALTEK Corporation. Through this partnership SwitchCore expands its presence in Japan and improves the possibility of penetrating the Japanese market further. PALTEK will supplement its product portfolio with SwitchCore's product range of Gigabit Ethernet products to deal with the growing demand for advanced components for enterprise and broadband access network equipment. PALTEK has operated on the market for over 20 years and has extensive component and software experience with enterprise network products.
"We view our partnership with PALTEK as a strategic element in our continued efforts to expand in Asia, reach new markets and subsequently secure market shares. In associating PALTEK with our sales organization, SwitchCore can reach local customers quicker since PALTEK already has many customers that manufacture enterprise network equipment in Japan," says Henric Isacsson, SwitchCore's CEO.
SwitchCore AB develops, markets and sells integrated network devices for data and internet communication. The core of SwitchCore's expertise is in its CXE technology, which allows for significantly higher data and internet switch capacity. Using SwitchCore's components, customers can cut manufacturing costs for the completed product and time-to-market. Customers and partners are network equipment manufacturers and suppliers, including Intel, Asanté Technologies, Allied Telesyn and Huawei. The SwitchCore Group presently has over 75 employees and the company's headquarters is in Lund, Sweden. The Company also has offices in Stockholm, San Jose, Ca, Boston, Ma, in the US, and Singapore in Asia. The Company is listed on Stockholmsbörsen's O list under the SCOR ticker. For more information see http://www.switchcore.com/
About PALTEK Corporation
Since its foundation in 1982, PALTEK Corporation has been providing silicon and software solutions to Japanese data communication equipment manufacturers. In particular PALTEK is very strong in providing solutions with Programmable Logic Devices (PDLs). The company has been listed on JASDAQ since 1988. The Company's business concept is to continuously making efforts to contribute to the development of the Network industry by providing the best available software and hardware solutions. For more information see http://www.paltek.co.jp/
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