Sarantel Group PLC
28 November 2006
Embargoed until 7am 28 November 2006
Sarantel Group plc ('Sarantel')
Sarantel and Sanmina-SCI Announce Asian Outsourcing Relationship
Sarantel, (AIM: SLG), a leading manufacturer and supplier of filtering antennas
for wireless devices is today pleased to announce that it has signed a
memorandum of understanding on outsource manufacturing and distribution with
Sanmina-SCI.
Sanmina-SCI, (NASDAQ: SANM) is a leading global electronics manufacturing
services (EMS) company based in San Jose, California which serves the fastest
growing segments of the global Electronic Manufacturing Services (EMS) market.
According to the MoU Sanmina-SCI will provide Sarantel with procurement,
manufacturing and logistics services from its Singapore facility. Additionally,
Sanmina-SCI will acquire some of Sarantel's manufacturing assets as the deal
progresses but they will not acquire any of Sarantel's buildings or employees.
This agreement ensures that Sarantel will be well positioned to meet market
demand as it grows. It also enables Sarantel to continue its drive to reduce
costs, increase competitiveness and to manufacture and distribute closer to its
many Asian based customers.
David Wither, CEO of Sarantel commented, 'We are very excited by this
partnership with Sanmina-SCI and are confident that they will provide Sarantel
with the credibility we need to further our relationships with major OEM
customers. This move also enables Sarantel to focus our future investments on
our core competencies of engineering, process development, product development,
and sales and marketing. Over time we expect high volume, cost sensitive
products to transfer to Asia while our UK plant focus shifts to new process
development, new product introduction and niche market antenna production.'
Jerry Rodrigues, Executive Vice President Asia PCB, Sanmina-SCI said: 'the
Sarantel opportunity is of great interest to us as they operate in high growth
markets and have a unique and exciting product offering. The high technical
requirements of their product can be supported by our strong manufacturing
capabilities. We look forward to working with Sarantel and enabling them to
utilize our extensive manufacturing and supply chain solutions.'
Sarantel Group PLC 01933 670560
Geoff Shingles, Chairman / David Wither, CEO www.sarantel.com
Ambrian Partners 020 7776 6410
Tim Goodman
Smithfield 020 7360 4900
Sara Musgrave/Tania Wild
About Sarantel:
Sarantel designs, manufactures and sells patented, ceramic, filtering antennas
for use in portable wireless devices. These antennas allow a clearer signal than
conventional antennas whilst reducing the amount of energy absorbed by the
body by approximately 90 per cent. They also simplify system design, thus
allowing design standardisation and reduced time to market and cost for
manufacturers. Sarantel's antennas significantly improve the performance of
wireless systems by increasing their range and effective bandwidth.
The company supplies antennas to the Global Positioning Satellite (GPS) market
and the North American satellite radio market and Sarantel's antennas have been
successfully designed into Personal Navigation Devices (PNDs), laptops and
Personal Digital Assistants (PDAs). Sarantel's antenna technology is also
capable of servicing multiple high volume markets such as wi-fi, 3G and
Bluetooth.
Sarantel listed on AIM, a market operated by the London Stock Exchange, on 2nd
March 2005 and is included in the IT Hardware sector (93) within the
Telecommunications equipment sub-sector (938) and has a RIC code of SLG.L
More information about the company is available at www.sarantel.com
About Sanmina-SCI:
Sanmina-SCI Corporation (NASDAQ NM: SANM) is a leading electronics manufacturer
serving the fastest growing segments of the global Electronic Manufacturing
Services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides
end-to-end manufacturing solutions, delivering unsurpassed quality and support
to OEMs. Sanmina-SCI has nearly 80 manufacturing sites on five continents and
primarily services the communications, multimedia and consumer, defence and
aerospace, industrial and medical instrumentation, computer and server, and
automotive technology sectors. More information regarding the Company is
available at www.sanmina-sci.com
This information is provided by RNS
The company news service from the London Stock Exchange