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Regulatory press release

Swedish Electromagnet Invest AB (Publ): SEM awarded contract from leading stationary engine OEM for next generation ignition system

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SEM has signed an agreement with a leading solution provider of gas engines for power generation and gas compression. The agreement covers development and supply of the next generation ignition coils and ignition control modules. The development project will start as of now and serial production of the systems from SEM is expected to commence in upcoming years.

Tom Gustavsson, CEO of SEM AB;

"SEM has since the beginning of 2000's been a leading supplier of ignition systems to high-end commercial vehicle OEM's and engine manufacturers using alternative fuels for running their engines. With this agreement we are proud to bring our automotive ignition system expertise and state-of the art quality products, to a leading high-end stationary engine OEM."

Questions are answered by Tom Gustavsson

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