Ixonos - Company Announcement

IXONOS AND SAVOX COMMUNICATIONS OY AB (LTD) HAVE CONCLUDED A PRODUCT DEVELOPMENT AGREEMENT

Helsinki, Finland, 2016-06-20 14:00 CEST (GLOBE NEWSWIRE) -- Ixonos Plc        
 Stock Exchange Release          20 June 2016 at 15:00 



IXONOS AND SAVOX COMMUNICATIONS OY AB (LTD) HAVE CONCLUDED A PRODUCT
DEVELOPMENT AGREEMENT 





Ixonos Plc (“Ixonos”) and Savox Communications Oy Ab (Ltd) (“Savox”) have
concluded a framework agreement concerning product development. Ixonos has, for
the duration of the Agreement, undertaken to provide Savox with research,
design and/or product development services later separately ordered by Savox. 



The Agreement will remain in force for a minimum of one year. The parties have
non-bindingly estimated the potential value of the services provided by Ixonos
to Savox to amount to EUR 1-2 million. 



Savox Communications Oy Ab (Ltd) is part of the Savox Communications Group,
which is one of the world’s most notable suppliers of communication systems for
professional use in demanding and dangerous circumstances. The Savox
Communications Group has over three decades of experience of serving the police
and security, fire and rescue, military, maritime and industry sectors. The
Savox Communications Group is part of the Savox Group, into which Turret Oy Ab,
one of the owners of Ixonos’ main owner Tremoko Oy Ab, also belongs. 



Ixonos’ CEO Sami Paihonen: “We are very glad about having concluded the
framework agreement concerning product development with Savox. Savox works in
an exceptionally demanding line of business, and co-operation between our
companies requires constant joint product development and seamless quality in
everything we do. As per our service model, we aim to be a partner genuinely
seated on the same side of the table. We will do our best to exceed the high
expectations Savox has of us.” 







IXONOS PLC



Board of Directors



For more information, please contact:



Ixonos Plc



CEO Sami Paihonen,tel. +358 50 502 1111, sami.paihonen@ixonos.com

CFO Kristiina Simola, tel. 040 756 3132, kristiina.simola@ixonos.com



Distribution:

NASDAQ OMX Helsinki

Main media

Attachments:

Tiedote_Ixonos ja Savox Communication Oy Ab_20 6 2016 ENG.pdf