Elcoteq to Manufacture Digital Connection Devices for Schmid Telecom

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Espoo, Finland and Switzerland — Elcoteq Network Corp. and Schmid Telecom have signed a cooperation agreement under which Elcoteq will start manufacturing high-speed connection devices in the Watson 5 product family (G.SHDSL platform: E1, Nx64 and Ethernet) for Schmid Telecom.

Production is due to start at Elcoteq's plant in St. Petersburg, Russia, during the second quarter of 2004.

Elcoteq Network Corp. is one of the largest electronics manufacturing services (EMS) companies in the communications technology field. For more information, visit www.elcoteq.com.

Schmid Telecom is a manufacturer of advanced telecommunications solutions. For more information, visit www.schmid-telecom.com.



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