HARJU ELEKTER

ANNOUNCEMENT



LICENSE AGREEMENT FOR RELEASE OF A NEW PRODUCT



On 11.12.2001 AS Harju Elekter and Schneider Electric Industry 

signed a license agreement for production of medium voltage 

primary distribution boards. The product will be used for control 

and protection of medium voltage substations. The new product is 

in accordance with the international standards.



First presentation of the product will take place at the 

International Energy Management fair Enerex 2002 on 28.02-02.03.2002 

in Tallinn. First orders are expected in H2 2002, and the estimated 

net turnover of the new product line, targeted to Baltic market, 

is EEK 3-6 million.



Harju Elekter Group, and its subsidiaries and affiliated companies,

is the largest producer of electrical equipment and materials in the 

Baltic countries, employing on the average of 682 people in 9m 2001. 

Nine-month turnover amounted to EEK 135.6 million and profit totaled 

EEK 17.7 million.





Andres Allikmäe

Management Board chairman

Tel +372 6747 400



Additional information: 

Ülo Merisalu 

Director of Electrical Equipment Factory, Management Board member

Tel +372 6747 449





Moonika Vetevool

PR manager

+372 6712 761