SAF Tehnika                                                     12.07.2005



SAF Tehnika will receive co-financing from the European Regional Development Foundation for project implementation



Riga, 11 July – The leading Baltic developer and producer of telecommunications

equipment - a/s SAF Tehnika will receive co-financing of 119 662.32 LVL from

the European Regional Development  Foundation (ERDF) for implementation of its

project, “Development of the New Modem”.

 

The agreement on allocation of funding has been concluded with the Latvian

Investment and Development Agency (LIDA) within the framework of the State Aid

Program “Support for Development of New Products and Technologies”. The total

costs of the project are LVL 353 797.06.



Aleksis Orlovs. 

SAF Tehnika 

CFO 

tel. +371 7046825 

fax. +371 7020009 

mob.+371 9287289 

mailto:aleksis.orlovs@saftehnika.com 

<a href='http://www.saftehnika.com' target='_blank'>http://www.saftehnika.com</a>