SAF Tehnika Forms Middle East JVSAF Tehnika Forms Middle East JV

RIGA, Latvia -- Today, SAF Tehnika JSC (NASDAQ:SAF1R) announced that it has signed an agreement to found a joint venture SAF Tehnika Middle East Ltd with NAJAHAT Development & Investment Company (Saudi Arabia) thus confirming Middle East as one of the strategic growth markets. SAF Tehnika Middle East Ltd. will be focusing on delivering reliable and robust customized microwave solutions for mobile backhauls, business services and broadband networks as well as on meeting the growing demand for cost-effective wireless solutions in the region.

Commenting on the joint venture, Mr. Amer Obbahji, CEO of SAF Middle East Ltd said: "We are pleased to partner with SAF Tehnika to deliver European quality communication solutions in the Middle East region. The main reason is that SAF Full Outdoor Radio systems as well as the whole SAF products portfolio is perfectly designed to meet our market requirements."

SAF Tehnika