Enea signs a service agreement worth 2.8 M USD with an American aerospace and defense company

Enea (NASDAQ OMX Nordic: ENEA) has signed an agreement for development services worth 2.8 MUSD over a period of 5 months. The customer, who is a global technology leader in the avionics industry has once again selected Enea as the supplier based on strong, proven capabilities in the aerospace/avionics industry.

Enea has a long record providing the customer with uniquely skilled services teams for avionics systems, software development, quality assurance and design. Enea’s local and global competences and the ability to engage with services operations both in USA and Europe, through our Bridged Services capabilities, was the important criteria for the customer to select Enea.

“We are thrilled that we once again have been selected by this key customer for a major project”,

says Anders Lidbeck, President and CEO for Enea.

“We see a growing interest for our capabilities within the avionics industry in USA and Europe and this agreement shows that Enea is a partner to count on also when delivering security-critical services to the Avionics industry.”

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 April 18, 2016 at 08:00 CET.

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

Anders Lidbeck, President & CEO

E-mail: anders.lidbeck@enea.com

FJulia Steffensen, Investor Relations

FPhone: +46 70 971 03 33

FE-mail: julia.steffensen@enea.com

About Enea

Enea is a global supplier of network software platforms and world class services, with a vision of helping customers develop amazing functions in a connected society. We are committed to working together with customers and leading hardware vendors as a key contributor in the open source community, developing and hardening optimal software solutions.

Every day, more than three billion people around the globe rely on our technologies in a wide range of applications in multiple verticals – from Telecom and Automotive, to Medical and Avionics.

We have offices in Europe, North America and Asia, and are listed on Nasdaq Stockholm.

Source: Enea
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