Network Electronics Reports Record Breaking Fourth Quarter

The Company’s sales totaled 33.7 MNOK (5.1 M USD / 4.2 M EUR) for Q4, up 18% from the same time period in 2004. Profit before tax also set a new record high of 3.9 MNOK (.6M USD / .5M EUR).

“Network Electronics’ unprecedented performance is confirmation of our exceptional strength in the global marketplace,” says Bergem.

The result in Q4 was built on continuous growth in all worldwide markets and underscored by the Company’s recent designation as ISO certified. The certificate, a NS-EN ISO 9001:2000 issued by Nemko Certification, attests to a company’s ability to develop and maintain systems to meet customer’s expectations by operating responsibly, providing quality products and services, continually improving, involving suppliers, and increasing its position in the market.

“Our appreciation goes to our talented engineering staff that designs systems to meet our customers needs as well as the highly professional and dedicated sales partners worldwide who support Network’s broad-based international market,” Bergem added. Network currently operates 20 offices worldwide and is represented in more than 90 countries. Network is now included on ”bidders lists” worldwide.

About Network Electronics
Network Electronics serves the professional video and broadcast industry by setting new standards in routing with the VikinX® product range and in signal processing and optical transport with the flashlink® product range. With a focus on the future, and a thorough understanding of immediate needs, Network Electronics’ products are a combination of reliable, efficient and practical solutions for the transport of audio, video and datacom signals.

All products offer a 3-year warranty, short delivery time and advanced replacement service and have been the choice of major broadcasters throughout the world. Network Electronics maintains global headquarters in Sandefjord, Norway, operates 20 offices worldwide and is represented in more than 90 countries.

Our world wide “Network” offers prompt delivery to where you are now, and where you want to be.

For further information: www.network-electronics.com.