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HMS Networks AB: HMS Networks AB (publ) to provide remote monitoring and control of Diesel Powered Generators to an estimated amount of USD 1.5m during 2016.

One of the leading US manufacturers of backup power generator has selected
Netbiter gateways as their hardware platform for remote monitoring and
control. The solution will be used by the manufacturer of power generators
for lifecycle management and service of the generators deployed by a broad
customer base around the world.

Netbiter will be used for remote monitoring and control of diesel powered
generators for the "Electrical Power" division. The initial usage for these
generators is "Rental Power Units" as well as "Portable Power Units" within
industrial applications. These devices will ultimately be used in
applications such as "Retail Power", "Construction", "Mining" and "Telecom".
An initial order of USD 0.8 m has been received and the total business
volumes for 2016 is estimated to USD 1.5M m.

"Netbiter was an ideal fit and we are very pleased they have chosen to use
our gateways for remote monitoring and control", says Kevin Knake, Executive
Vice President&General Manager of HMS North America. "Remote monitoring will
give this customer online access to their power units which will result in
reduced downtime and faster problem resolution."

Read more

For more information please contact:

CFO and IR Manager HMS Networks AB Gunnar Högberg;,
telephone: +46-35 17 29 95

CEO Staffan Dahlström;, telephone: +46 35 17 29 01

This information is such that HMS Networks AB (publ) is required to disclose
in accordance with the Swedish Financial Instruments Trading Act and/or the
Swedish Securities Market Act. The information was submitted for publication
at 10.00 CET on May 4, 2016.

HMS Networks AB (publ)
is a world-leading supplier of communication technology for industrial
automation. Sales amounted to SEK 702 million in 2015. Over 90% of these
sales were to customers located outside Sweden. All development and the major
portion of manufacturing are carried out at the head office in Halmstad, in
Nivelles Belgium and in Weingarten Germany. Sales offices are located in
Japan, China, Germany, Denmark, India, UK, USA, Italy and France. HMS has
approximately 450 employees and produces network interface cards and products
to interconnect different networks under the trademark Anybus® and IXXAT® and
products for Remote Management under the trademarks eWON® and Netbiter®. HMS
is listed on NASDAQ-OMX Nordic Exchange in Stockholm in the category Mid Cap,
Information Technology.

Press release (PDF)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: HMS Networks AB via Globenewswire


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