Stock Exchange & Press Releases 2014

August 15, 2014

Elektrobit (EB) plans to open an automotive software site in Oulu, Finland

Press release

Elektrobit (EB) plans to open an automotive software site in Oulu, Finland

The new site in Oulu offers EB the opportunity to hire skilled software engineers for the growing automotive software business

Elektrobit (EB), a leading developer of cutting edge embedded technology solutions for the automotive and wireless industries, announced today its plans to build a new automotive software development site in Oulu, Finland. The new site is planned to have up to 40 software engineers by the end of 2014, focusing on the development of embedded automotive software.

EB's Automotive Business Segment has grown steadily during the last years, and currently employs over 1 100 persons in Germany, France, Austria, Romania, USA, China and Japan. Expanding its operations in Oulu, Finland, will offer the company an opportunity to further grow its software engineering capacity for current and future needs. The site will be located in Teknologiakylä Oulu, where EB's Wireless Business Segment operates. 

"Software and electronics in the cars are the major innovation drivers in the automotive industry, where driver assistance, as well as connected services and integration of consumer and mobile technologies with the in-car infotainment and connected services have become key differentiators in the market. Oulu is the ideal location for us with a highly skilled workforce that is important for our development activities as a software company", says Alexander Kocher, President of the Automotive Business Segment at EB.

"The new automotive software development site in Oulu is a great opportunity both for EB and engineers in the region. The market for automotive software is growing and we are confident that the market can benefit from our long-standing experience in the wireless connectivity", says Hannu Huttunen, President of the Wireless Business Segment at EB.

Oulu, August 15, 2014

Elektrobit Corporation
Jukka Harju
CEO

Further information:

Jukka Harju
CEO
Tel. + 358 40 344 5466

Alexander Kocher
President, Automotive Business Segment
Tel. +358 40 344 5466

Further information regarding to open positions: http://jobs.automotive.elektrobit.com

Distribution:
Principal media

Elektrobit Corporation (EB)
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. The net sales in 2013 totaled EUR 199.3 million and operating profit was EUR 8.1 million. EB employs more than 1600 people worldwide, and a major part of them are R&D engineers.  Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com

Elektrobit (EB) - Automotive Software
EB represents one of the most important suppliers of embedded software solutions for the automotive industry. In addition to the development of innovative products, it also specializes in services and consulting for the automotive industry, supplying implementations of serial software solutions for a broad range of AUTOSAR and FlexRay, infotainment, navigation, HMI and driver assistance systems. EB continues to invest in feature integration and development tools so that the in-vehicle devices get to market more quickly and ship in volume sooner. www.automotive.elektrobit.com

Elektrobit (EB) - Wireless
EB offers innovative products and product platforms for defense, industrial, public safety and other authorities markets, as well as product development services and customized solutions for wireless communications and connectivity markets. The products are state-of-the-art in tactical IP-based communication with EB Tactical Wireless IP Network and EB Tough VoIP, and in signals intelligence with EB Wideband COMINT Sensor. With the product platforms, Android-based EB Specialized Device Platform and EB LTE Connectivity Module, customers benefit from quick time to market and versatility. Combined with the broad range of R&D services offered in both hardware and software, EB is the partner of choice in wireless communications. 
www.elektrobit.com/what_we_deliver/wireless