4/22/2004 - SwitchCore's partner Intel placed an order in the past month valued at SEK 7.5 million for co-developed CXE-16 and CXE-2010 product versions. The order is scheduled for delivery during 2Q 2004.
"We are very pleased that our long-term partnership with Intel is beginning to produce increased results. Intel started selling SwitchCore-based devices during the latter part of 2003. At present, it is too early to estimate the full ramifications of the order on an annual basis" says Henric Isacsson, SwitchCore's CEO.
According to SwitchCore's co-operative agreement with Intel, the company manufactures co-developed products for both SwitchCore's and Intel's customers. Besides the sum of SEK 7.5 million, the order includes royalty remuneration.
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 80 employees and the company's headquarters is in Lund, Sweden. The Company also has offices in Stockholm, San Jose, Ca. and Boston, Ma. in the US, and Singapore in Asia. The Company is listed on Stockholmsbörsen's Attract 40 list under the SCOR ticker. For more information visit http://www.switchcore.com/
Previous Page | News by Category | News Search
If you found this page useful, bookmark and share it on: