PiezoMotor AB

Follow-up order for PiezoMotor

Press Release   •   Aug 15, 2013 08:08 GMT

In the autumn of 2012 PiezoMotor AB in Uppsala, Sweden, received a large order for their piezo electric micro motors from a U.S. customer who now added a follow-up order. The motors are used in an application related to advanced optics. This means that a single customer has purchased motors from PiezoMotor for more than 1.2 million Euros within a 12-month time frame.

"We are following up on last year’s U.S. market breakthrough with an important add-on order. This proves once again that customers see PiezoMotor as a trustworthy supplier and that our technology is becoming increasingly recognized on an international basis. It also shows the potential of our company. A single application has quickly generated more than 1.2 million Euros in sales - and we know that there are many other applications of similar size still out there", says Johan Westermark, CEO of PiezoMotor AB.

PiezoMotor is now expanding its global presence by adding new distributors. During the year, new distributors have been established in Finland, Czech Republic, Israel, Korea and Taiwan. The company has already established distributors in the USA, Germany, France, Benelux and Japan.

"The Asian market for micro motors has a very big potential and we feel that the time from development to finished product is shorter in Asia as compared to many other markets. We see great potential for strong growth, particularly in this region", concludes Anders Larsson, Sales and Development Manager at PiezoMotor.

For further information, please contact:

Johan Westermark

CEO

E-mail: johan.westermark@piezomotor.se

Mobile: +46 (0)70 818 24 00


Swedish high-tech company PiezoMotor AB develops, manufactures and markets cutting-edge micro motors based on patented technology. The company’s products enable extreme miniaturization, precision and energy efficiency.

Small electric motors are used in many industries such as semiconductor industry, optics, telecom, medical technology and defense industry and the world market for small electric motors is worth more than 10 billion Euros annually. PiezoMotor AB sells its products through its own sales force and in cooperation with, among others, German-American industrial group Faulhaber Group and its global distribution network.

PiezoMotor AB is privately held and financially backed by well-known Swedish, German and American industrial investors.