Smarteq AB: Smarteq Delivers Antennas to Helsinki Energy -Installation of Smart Meters in Finland in Progress

Smarteq delivers the first antennas for the installation of "the new-generation utility meters" for wireless transfer of data in Helsinki, Finland. 120 000 smart utility meters will be installed during the first phase which will be completed in 2010.

The project is managed by Helsinki Energy, a part of the utility corporation Helen Sahkoverkko Oy, responsible for distribution of electricity in Helsinki. Meters are supplied by the Finnish company Aidon Oy.

Following the first phase, approximately half of all electricity meters in the Helsinki region will be upgraded for remote reading.

"Our goal is to offer our customers, the utility companies, technical solutions that increase customer service, rationalize work-processes, and increase the efficiency of management of the meters", says Petteri Heinanen, Director of Marketing at Aidon Oy.

"This is a breakthrough for Smarteq as we now seriously enter the Finnish market. Again, we gain recognition for providing antennas and know-how of the highest quality on the international market", says Lars Ericson, CEO at Smarteq.

About Aidon

Aidon Oy is a European technology company with offices in Finland, Sweden and Norway. Aidon is specialized in energy consumption measurements and automatic meter management (AMM) systems for energy and service companies. The newgeneration AMM system developed by Aidon has achieved a strong market position as the Nordic countries have transferred to remote readings.

More about Aidon: www.aidon.fi

More about Smarteq Smarteq AB, based in Stockholm, Sweden, is a leading developer of antennas and antenna systems for the customer segments Automotive, M2M(machine-to-machine), and Mobile Communications (wireless transfer of voice and data).

The market is driven by the fast development of mobile telephony, the increased demands from the automotive industry for more advanced communication to and from vehicles, as well as the growing need for wireless communication between equipment and machines, M2M.

Automotive: Smarteq is well established on the market for antennas designed for trucks and cars.Among its customers are large auto companies such as Volkswagen, Audi, Bentley Motors, SAAB, Scania, Volvo and Volvo Cars.

M2M: The fastest growing segment in other industrial applications is M2M. Customers are found within the areas of automated reading of utility-meters and wireless alarm systems. Customers include Telenor Cinclus, Kamstrup-Senea, Landis+Gyr, as well as Securitas Direct.

Mobile Communications: There is a strong trend towards increased use of wireless communication for speach and data with a range of different technologies. Examples are CDMA450, GSM, UMTS, WiMAX, and WLAN, systems that are all supported by Smarteq. Customers include Nowire, Nordisk Mobiltelefon, Ericsson, and SAAB Defense.

More information about Smarteq can be found at www.smarteq.com

Smarteq AB (publ) is a leading Antenna Company that supplies and develops high-quality antennas and antenna systems for communication between vehicles, machine-to-machine (M2M), and wireless transfer of voice and data. Smarteq is active in the OEM-market and in the aftermarket. The company is represented by distributors and agents in more than 30 countries world-wide. The head office is located in Stockholm, Sweden. Smarteq is listed on First North of the Stockholm Stock Exchange.

For more information: www.smarteq.com

This information was brought to you by Cision http://newsroom.cision.com

Contacts:

Smarteq AB
Lars Ericson, CEO, +46 705 56 80 65
lars.ericson@smarteq.se

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