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SAF: SAF Tehnika Strengthens Presence in the Middle East with a New Joint Venture

Spekuliantai.lt | 2011-04-26 | NASDAQ OMX biržų naujienos | perskaitė: 1018
Raktiniai žodžiai: SAF Tehnika, SAF
SAF: SAF Tehnika Strengthens Presence in the Middle East with a New Joint Venture

SAF Tehnika Company Announcement 26.04.2011

SAF Tehnika Strengthens Presence in the Middle East with a New Joint Venture

Rīga, Latvija, 2011-04-26 08:29 CEST (GLOBE NEWSWIRE) -- Today, on the 26th of
April one of the world's top microwave carrier-class licensed point-to-point
manufacturers, SAF Tehnika JSC (NASDAQAF1R) announced that it has signed an
agreement to found a joint venture SAF Tehnika Middle East Ltd with NAJAHAT
Development & Investment Company (Saudi Arabia) thus confirming Middle East as
one of the strategic growth markets.

SAF Tehnika Middle East Ltd. will be focusing on delivering reliable and robust
customized microwave solutions for mobile backhauls, business services and
broadband networks as well as on meeting the growing demand for cost-effective
wireless solutions in the region.

“Customer loyalty and sustained increase in demand are the main reasons,
encouraging us to continue the market expansion” said Janis Ennitis, COO of SAF
Tehnika JSC “and the foundation of SAF Tehnika Middle East Ltd. is just one
step forward on this path”.

Commenting on the joint venture, Mr. Amer Obbahji, CEO of SAF Middle East Ltd
said: “We are pleased to partner with SAF Tehnika to deliver European quality
communication solutions in the Middle East region. The main reason is that SAF
Full Outdoor Radio systems as well as the whole SAF products portfolio is
perfectly designed to meet our market requirements”.

All SAF microwave systems are operating in high temperature up to +55º,
penetrating dust and rain. In some cases signal can be transmitted over a very
long distances, thus demonstrating perfect suitability for the Middle East
climatic and geographical conditions.

Parties intend that SAF Tehnika Middle East Ltd. will be majority-owned by
NAJAHAT Development & Investment Company and headquartered in Riyadh.

SAF Tehnika is ISO certified, with R&D and complete production in Europe and
sales in almost 100 countries worldwide.


For more information, please contact:
Evija Baula
PR specialist
SAF Tehnika JSC
email: [email protected]
Tel.: + 37167046836
Cell: +37128321144
www.saftehnika.com

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