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Enea Has Signed a Three Year Term Contract, Valued at 865 KUSD, with a Leading Telecommunications Company

Enea Has Signed a Three Year Term Contract, Valued at 865 KUSD, with a Leading Telecommunications Company

KISTA, Sweden--(BUSINESS WIRE)--Oct 7, 2014--Regulatory News:

Enea (STO:ENEA) and a large telecommunications company have signed a term contract valued at 865?KUSD, to be recognized as revenue evenly over the three years period of the contract. Enea will provide its middleware solution, Enea Element, for customer's new generation of switches.

Enea Element lowers the barriers for application development on complex distributed hardware, and provides the necessary functionality for mission critical applications in a network. When developing network applications, designers can focus on the differentiating features regardless of the underlying hardware architecture.

"This commitment continues to demonstrate the recognition of Enea as a global expert in connectivity and telecommunications", said Anders Lidbeck, President and CEO of Enea. "As this is a new customer of Enea, we look forward to a long and mutually successful relationship."

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 October 7, 2014 at 08.45 CET.

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 ?V 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

EneaR, Enea OSER, NetbricksR, PolyhedraR and ZealcoreR are registered trademarks of Enea AB and its subsidiaries. Enea OSERck, Enea OSER Epsilon, EneaR Element, EneaR Optima, EneaR Optima Log Analyzer, EneaR Black Box Recorder, EneaR LINX, EneaR Accelerator, PolyhedraR Lite, EneaR dSPEED Platform, EneaR 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. c Enea AB 2014.

This information was brought to you by Cision http://news.cision.com

CONTACT: For more information visitwww.enea.com/investors

or contact:

Enea AB

Anders Lidbeck, President & CEO

E-mail:anders.lidbeck@enea.com

or

Sofie Sarhed, Investor Relations

Phone: +4670 971 4005

E-mail:sofie.sarhed@enea.com

KEYWORD: EUROPE SWEDEN

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE NETWORKS TELECOMMUNICATIONS

SOURCE: Enea AB

Copyright Business Wire 2014

PUB: 10/07/2014 02:59 AM/DISC: 10/07/2014 02:59 AM

http://www.businesswire.com/news/home/20141006006742/en


Updated : 2021-05-17 08:53 GMT+08:00