DGAP-News: Schweizer Electronic AG / Key word(s): Alliance Schweizer Electronic AG: WUS and SCHWEIZER agree on partnership for the HF segment 28.04.2014 / 12:00 --------------------------------------------------------------------- Schramberg, April 28, 2014 - WUS Printed Circuits Co., Ltd., Kunshan/China and Schweizer Electronic AG, Schramberg/Germany, concluded an exclusive long-term agreement on the cooperation for the production of High Frequency Printed Circuit Boards (HF PCBs) for the global automotive and industrial market. Due to the increasing global demand for specific base materials and hybrid assemblies, the market for HF PCBs is growing at a fast pace, urging industry players to join forces in order to provide their customer with the desired quantities. HF PCBs are required for applications such as adaptive cruise control and lane change assistance, thus enabling autonomous driving in the future. Thanks to their longstanding engagement in the telecommunications segment, WUS has a profound technological platform and the appropriate resources to enter this partnership. Furthermore, the company has a proven track record of more than 40 years' in the PCB market. With a global market share of around 30% SCHWEIZER is one of the market leaders in the segment of automotive HF PCBs. By partnering up with WUS, SCHWEIZER is able to refer to extended production capacities in order to expand its market position. Customers will benefit from their established and successful interfaces with SCHWEIZER and a targeted and quick technology transfer from Schramberg to Kunshan securing a second source in case of supply shortages. Furthermore, a continuous know-how transfer from Germany to China will ensure extended delivery capacities for next generation products as well. "Maintaining a sound and healthy growth of SCHWEIZER, which is based on a long and successful business history of 165 years with long-term partnerships, is one of our obligations towards all our stakeholders. Timing remains critical for success. Thanks to our additional partnership with WUS, our customers will have access to further HF production capacities in Asia, while we continue our joint venture Meiko Schweizer Electronics and ramp up our production capacities in Vietnam. With the expertise and process know-how of our partner MEIKO and the supplementary profound platform and resources of WUS, we have a sound and reliable production setup in Asia and are well prepared to meet the requirements of our customers. I am convinced that this will strengthen our value proposition and that it will be to the benefit of our customer as well as the three companies." says Dr. Marc Schweizer, CEO Schweizer Electronic AG. And Chris WUS, Managing Director of WUS Printed Circuits Co., Ltd., adds:" This is a win-win solution for both companies as well as for our customers in order to face our common challenges. We are very happy to enter this partnership with SCHWEIZER and to contribute with our technical platform and our resources to expanding the international business activities of SCHWEIZER's partner network." About WUS: WUS Printed Circuit (Kunshan) Co., Ltd has been engaged in the design and manufacturing of printed circuit boards since April 1992. Thanks to the teamwork and effort of all its stakeholders, WUS has become one of the leading brands in the PCB industry. Following its product differentiation strategy, WUS focuses on providing value to its customers through technology, quality and service. The company's' core products include high layer count PCBs for telecommunication and network equipment, automotive electronics, industrial automation controls and aviation electronics. With about 6,900 employees WUS achieved sales of 3.02 billion RMB in Fiscal Year 2013 (ending December). The company is listed at the Shenzhen Stock Exchange, stock code SZ002463. About Schweizer: Schweizer Electronic AG is a global best-in-class technology company, manufacturing premium PCBs, innovative solutions and services for automotive, solar, industry and aviation electronics. Based on recognized technology and consultancy competencies, SCHWEIZER's products and systems address key challenges in the areas of Power Electronics, Embedding and System Cost Reduction and are characterised by energy and environmentally friendly features. Together with its partners Elekonta Marek GmbH & Co. KG and Meiko Electronics Co. Ltd., the company offers in its division PCB cost and production optimised solutions for small, medium and large series and within this network employs more than 11,000 people in Germany, Japan, China and Vietnam. With about 700 employees SCHWEIZER achieved sales of 101.2 million Euro in Fiscal Year 2013 (ending December). The company was founded in 1849, is managed by family members and listed at the Stuttgart and Frankfurt Stock Exchanges (ticker symbol "SCE", "ISIN DE 000515623"). For further information please contact: Christina Blake Media & Communications Schweizer Electronic AG WUS Printed Ciruit (Kunshan) Co. LTD Einsteinstraße 10 55 Heilongjiang N Rd 78713 Schramberg / Germany Kunshan, Jiangsu, China Phone: +49 7422 512 - 213 Phone: +86 512 5735 6148 Fax: +49 7422 512 - 777 213 Fax: +86 512 5735 6030 E-Mail: [email protected] E-Mail: [email protected] Please visit our website: www.morethanPCBs.com Website: http://www.wuscn.com End of Corporate News --------------------------------------------------------------------- 28.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Schweizer Electronic AG Einsteinstraße 10 78713 Schramberg Germany Phone: 07422-512-301 Fax: 07422-512-397 E-mail: [email protected] Internet: www.schweizer.ag ISIN: DE0005156236 WKN: 515623 Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin End of News DGAP News-Service --------------------------------------------------------------------- 264980 28.04.2014