Zurich, 17 October 2012 – The Microelectronics Division of the Cicor Group (SIX Swiss Exchange: CICN) has signed a long-term agreement with HS Elektronik Systeme for chip and wire production for aircraft power supplies and distribution equipment.
The high-technology components will be manufactured at the Cicor Microelectronics unit in Radeberg, Germany. The multi-year agreement represents an estimated volume of approximately EUR 30 million.
Cicor Group is a leading, internationally operating group, headquartered in Boudry, Switzerland, that specializes in printed circuit boards, microelectronics and electronic solutions. HS Elektronik Systeme based in Nordlingen, Germany, is a leading equipment supplier to the aerospace industry and part of the Electric Systems business of UTC Aerospace Systems. UTC Aerospace Systems is a unit of United Technologies Corporation (NYSE: UTX).
Contact
Antoine Kohler
Chairman of the Board of Directors
Phone +41 43 811 44 05
E-mail: media@cicor.com
Dr. Roland Küpfer
CEO
Phone +41 43 811 44 05
Email: media@cicor.com
Cicor Management AG
Leutschenbachstrasse 95
8050 Zurich Switzerland