GRINTEK (GNK)- ZAE000003067
CENTURION - Grintek Power Technologies, part of JSE-listed Grintek, has
grown sales of its DC power solutions to the telecommunications industry
from R23 million last year to R67 million this year.
"Our products have gained significant market share, with more than 500
systems manufactured and delivered last year and future production projected
at more than five times that amount over the next three years," says Gavin
Swanepoel, managing director of Grintek Electronics.
Grintek Power Technologies has secured new business from Siemens
Telecommunications, with a potential of R60 million, for DC power equipment
used in their roll-out of the Cell C network.
"As we will also be supplying DC power solutions to Siemens
Telecommunications for their telecommunications roll-outs into Africa, this
agreement with Siemens has been the single biggest growth and success in the
business unit during the last year," adds Swanepoel.
"Growth of the Cell C network and our existing long term supply agreements
with other major telecommunications companies in the region should result in
more than 10 000 DC power modules being produced over the next 3 years," he
says.
"Our decision to strategically position the business unit as a provider of
total DC power solutions has paid off and has seen us capitalising on our
investment in new intellectual property obtained through the exclusive
licence manufacturing agreement with our Australian technology partner,
Rectifier Technologies Pacific, " concludes Swanepoel.
Full local manufacturing and engineering support will ensure sustained
product support over the product's life cycle and create 30 new jobs at
Omnigo, Grintek's joint venture manufacturing partner. Further positive
knock-on effects are savings on foreign exchange in terms of import
replacement and the building of a strong, competitive, local industry.
Rectifier products, manufactured locally under licence, include DC power
products and systems required by local and regional telecommunications and
Internet operators.
ENDS
For more information please contact:
Mr Gavin Swanepoel
Managing Director
Grintek Electronics
Tel: (012) 674-3500
Fax: (012) 657-0030
E-mail: gswanepoel@grintek.com
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