Enea signed 1.3M USD service agreement with global technology leader in the avionics industry

STOCKHOLM, 17-9-2014 — /EuropaWire/ — Enea and a leading US aerospace/defense company have signed a new service agreement valued at 1.3 MUSD over a period of 5 months.

The customer, who is a global technology leader in the avionics industry has selected Enea as the supplier based on strong, proven capabilities in the aerospace / avionics industry.

Enea’s North America Professional Services team, located in Arizona, has developed strong relationships, which have positioned them to deliver this critical project. They have provided this customer with a full services package including specialized engineering expertise, flexible models and the strength of onsite program management. In this case, Enea’s North America team has taken on full responsibility for the program management and delivery of this critical avionics display program including requirements, software design/development, and validation components.

“The Avionics industry is a key component of our Global Services business, and we begin to see the improving trends being confirmed in projects funded by the US national budget”, says Anders Lidbeck, President and CEO for Enea. “The customer’s renewed confidence in Enea is a testament to our Avionics expertise in software design, development, integration, test and maintenance.”

This information is such that Enea AB (publ) is to publish in accordance with the Swedish Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on September 16, 2014 at 08.00 CET.

For more information visit www.enea.com/investors or contact:

Anders Lidbeck, President & CEO
E-mail: anders.lidbeck@enea.com

Sofie Sarhed, Investor Relations
Phone: +4670 971 4005
E-mail: sofie.sarhed@enea.com

About Enea
Enea is a global supplier of Linux and real-time operating system solutions, including middleware, tools, databases, and world class services, with a vision to enable communication everywhere. As a trusted and respected player in the embedded software eco system, Enea has for more than four decades delivered value and helped customers develop and maintain ground-breaking products. Every day, more than three billion people around the globe rely on Enea’s technologies in a wide range of applications in multiple verticals – from Telecom and Automotive, to Medical and Avionics. Enea has offices in Europe, North America and Asia, and is listed on NASDAQ OMX Nordic Exchange Stockholm AB. For more information please visit www.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 2014.

PRESS CONTACTS

Oskar Swirtun
SVP Marketing
Phone: +46 8 507 140 00
E-mail: oskar.swirtun@enea.com

Sofie Sarhed
Investor Relations
Phone: +46 70 971 40 05
E-mail: sofie.sarhed@enea.com