Net Insight signs Letter of Intent with Flextronics

11 September, 1998
Net Insight has signed a letter of intent with Flextronics International Sweden AB, hub for the western European operation of Flextronics International ltd., a global full-service supplier of innovative design, engineering and manufacturing solutions. The letter of intent is regarding co-operation in designing and manufacturing Net Insights products for networks worldwide. It is Flextronics outspoken intention to put its experience at service in implementing Net Insight´s designs into products adapted to high volume production.

"A key element for Net Insight in choosing Flextronics International is their long experience and knowledge in electronic manufacturing and their wide range of services. From engineering services, as design for production through pre-production to high volume production and installation services worldwide", says Bengt Olsson CEO of Net Insight AB

Flextronics see Net Insight as a startup company with a big potential in the datacom/telecom industry and a very interesting product range with DTM technology. Flextronics and Net Insight signed the Letter of Intent with a strong believe that this will benefit both parties and that the future co-operation will be characterized of a continuos search for a win-win relation.

"Our Global presence with Product Introduction Centers and facilities with world class manufacturing in all major areas of the telecom world allows us to support Net Insight with production and installation service close to their customers, said Ronny Nilsson CEO for Flextronics in Sweden."

The parties have recognized that an open and trustworthy relation will be needed to be effective in a market place where "time to market" and "to be at the right place" is key to success.

For more information please contact:
Bengt Olsson, CEO Net Insight, tel: +46 8 449 22 30
E-mail:bengt.olsson@netinsight.se




Net Insight is a network equipment company developing and marketing DTM-based (Dynamic synchronous Transfer Mode) solutions that enable network operators to reduce costs and build future-proof network with superior performance and unique scalability. Net Insight´s vision is to help release the full potential of the Internet and fibre technology, thereby enabling network operators to provide full interactive communication to people all over the world.

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