Enea AB: Enea wins product support contract valued at 600 KUSD

Regulatory News:

Enea will take over the support and maintenance responsibility for a development tool from one of its hardware partners. The 27 month contract, valued at 600 KSUD, will engage Enea’s engineers in Romania.

"We are proud to have signed a number of new agreements lately in our services business in both Romania and in the US.”, said Anders Lidbeck, President and CEO for Enea. "85 percent of our service business originates from the US where app 45 percent is dependent on U.S. government funding. For a period of time this has been an insecure market where we have seen declining investments during this year. Today’s agreement is yet another example of how we succeed to broaden our customer base and win new business in other segments. But due to ramp up time these new wins will not balance the decline with the government contractors in the US during 2013.”

About Enea

Enea is a global vendor of Linux and Real-time operating system solutions including middleware, tools, protocols and services. The company is a world leader in developing software platforms for communication-driven products in multiple verticals, with extreme demands on high-availability and performance. Enea’s expertise in operating systems and high availability middleware shortens development cycles, brings down product costs and increases system reliability. The company’s vertical solutions cover telecom handsets and infrastructure, medtech, automotive and mil/aero. Enea has offices in Europe, North America and Asia, and is listed on NASDAQ OMX Nordic Exchange Stockholm AB. For more information please visit enea.com or contact us at info@enea.com.

Enea®, Enea OSE®, Netbricks®, Polyhedra® and Zealcore® are registered trademarks of Enea AB and its subsidiaries. Enea OSE®ck, Enea OSE® Epsilon, Enea® Element, Enea® Optima, Enea® Optima Log Analyzer, Enea® Black Box Recorder, Enea® LINX, Enea® Accelerator, Polyhedra® Lite, Enea® dSPEED Platform, Enea® System Manager and Embedded for Leaders(TM) are unregistered trademarks of Enea AB or its subsidiaries. Any other company, product or service names mentioned above are the registered or unregistered trademarks of their respective owner. © Enea AB 2013.

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