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BETRONIC SOLUTIONS AND REDSALT PAVE THE WAY AND ANNOUNCE A STRATEGIC PARTNERSHIP IN NEAR-SHORING

Press release Betronic – Redsalt.

Amsterdam, 19 November 2010 – Betronic Solutions B.V. and Redsalt B.V. today announced they have formed a strategic partnership, which aims to deliver IT near-shoring services in hardware, embedded software and other high knowledge electrical engineering services.

The newly formed partnership is a strategic move for the future development of both companies and paves the way to the next level of technical innovation. It will enable Betronic to further grow its business potential in the field of electronic engineering and design. Redsalt will benefit from the broad market access of Betronic, whereas Betronic will benefit from Redsalt’s highly skilled software development resources that ensure technical innovations. The close collaboration will benefit both companies by expanding R&D capabilities and expertise and improving resource flexibility.

Tom Engbers, CEO of Betronic Solutions, says: "We are particularly happy with the fact that we have found a partner that further strengthens our own engineering knowledge, gives us access to basically unlimited resources, enabling us to let us focus on our core competences and grow our business".

Jan-Willem Deutekom, Managing Director of Redsalt, adds: "We're proud to engage with such a high profile partner. Redsalt will continue its innovation leadership strategy, ensuring the best research and development capabilities for Betronic".

About Betronic Solutions

Betronic is an independent, Amsterdam-based electronics engineering company offering electronic engineering, supply chain management and M2M communication. Betronic develops electronics-based products – from industrial design to a manufacturable end-product – for nationally and internationally operating clients. The company's team is highly skilled and has a thorough understanding of the entire product development process, manufacturing outsourcing and Internet services. The company focuses primarily on markets in which energy, energy conversion or communication play an important role, and specialises in electronics for everything from consumer products through professional applications.

About Redsalt Research and Engineering Center

Redsalt is a fast growing Dutch software engineering company, established in Amsterdam since 2007. We deliver our near shoring services through offices under the name Research & Engineering Center (REC). The delivery centres are located in Poland and Slovakia. Redsalt offers software engineering services in the field of embedded systems, M2M, wireless solutions and front and back end systems. Momentarily more than 120 software engineers are employed. The portfolio covers near shore and offshore services in all stages of software systems life cycle, from requirements analysis and prototyping to maintenance of the developed systems. The services include components as advising, bug fixing, change management, application development and helpdesk services.

Betronic press release