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HMS Networks AB (publ) receives a 1.4 M€ order for Ethernet POWERLINK technology used in electrical drive systems

by User Not Found | May 25, 2015
HMS received a major order from a European automation device manufacturer in order to deliver Industrial Ethernet communication based on Ethernet POWERLINK technology for AC drives. The total volume of this contract is approx. 1.4 M€ over a three years period and consist of hardware shipments and software development.

“Ethernet POWERLINK networks become more and more popular in the European market and is today a strong technology mainly in the machine building market. POWERLINK and other industrial networks are growing in importance when connecting machines and devices to get better performance and flexibility in today’s manufacturing, strongly supported by trends such as Industrie 4.0 and Industrial Internet of Things. With the best in class and leading Anybus® technology from HMS we enable these trends already today for our customers.” Says Thilo Doering, Sales Director Central Europe, Germany.
 
For more information please contact:
CFO and IR Manager HMS Networks AB Gunnar Högberg; email: guh@hms.se , telephone: +46-35 17 29 95
CEO Staffan Dahlström; e-mail std@hms.se, telephone: +46 35 17 29 01

This information is such that HMS Networks AB (publ) is required to disclose in accordance with the Swedish Financial Instruments Trading Act and/or the Swedish Securities Market Act. The information was submitted for publication at 10.00 CET on May 25, 2015.

HMS Networks AB (publ) is a world-leading supplier of communication technology for industrial automation. Sales amounted to SEK 589 million in 2014. Over 90% of these sales were to customers located outside Sweden. All development and the major portion of manufacturing are carried out at the head office in Halmstad and in Weingarten. Sales offices are located in Japan, China, Germany, Denmark, India, UK, USA, Italy and France. HMS has 370 employees and produces network interface cards and products to interconnect different networks under the trademark Anybus® and IXXAT® and products for Remote Management under the trademark Netbiter®. HMS is listed on NASDAQ-OMX Nordic Exchange in Stockholm in the category Mid Cap, Information Technology.

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