Factum Electronics appoints new Managing Director
1/20/2004 8:13 AM EST
Factum Electronics AB appoints new Managing Director
Kenneth Lundgren has been appointed Managing Director of Factum
Electronics AB, a member of the Effnet Group. On January 20, 2004,
Lundgren will succeed Johan Ericsson, who will become deputy Managing
Director and concentrate on marketing and sales.
Kenneth Lundgren, M.Sc. in electronics, has a long and broad experience
from international business. He has held senior positions within
marketing and sales as well as been the Managing Director of a number of
technology companies.
Kenneth Lundgren comments: "Factum Electronics has managed to position
itself as one of the leading providers of components and systems for
digital broadcasting. The need for transmitting more information
including interactive information is continuously increasing. Our unique
product line combined with an increased focus on marketing and sales
will strengthen Factum's position in the growing market for digital
broadcasting.
Hans Runesten, CEO of Effnet Group AB, points out: " Despite a tough
climate within the broadcasting industry during the last few years
Factum has managed to get a number of important and prestigious orders.
We will now capitalize on our leading edge technology and the growing
market. I am very pleased that we have been able to strengthen the team
with Kenneth while still benefiting from Johan's long experience and in-
dept knowledge of the industry."
Johan Ericsson adds: "During my 15 years at Factum Electronics my main
focus has been on marketing and sales. I will now get the opportunity to
fully focus on these challenges. As the interest for Digital Radio grows
we have a strong need to increase our activities on the market in order
to grow."
About Factum Electroincs and the Effent Group
The Effnet Group consists of the parent company Effnet Group AB (publ)
and three wholly-owned subsidiaries: Factum Electronics AB, Effnet AB
and Wkit Security AB. Factum Electronics AB develops and sells
components and systems for digital radio, DAB, and components for
digital stereo sound in television broadcasting, NICAM. Effnet AB
develops and sells Header Compression software that increases
efficiency, speed and reliability of Internet Protocol (IP) traffic in
fixed, mobile and satellite networks. Wkit Security AB sells its in-
house developed CD ROM copy protection software, Don't Bother Burn
(DBB). Effnet Group AB (publ) is traded on Stockholm Stock Exchange's
New Market under the EFFN ticker. For more information, visit
www.effnet.com and www.factum.se.