DGAP-News: UET United Electronic Technology AG

DGAP-News: UET United Electronic Technology AG creates new product unit 'Network Control & Network Management' and shifts investment towards hardware independent software development.

UET United Electronic Technology AG / Key word(s): Miscellaneous/Miscellaneous

01.12.2015 15:30

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement.

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Corporate News

Eschborn, December 1st 2015

UET United Electronic Technology AG creates new product unit "Network Control & Network Management" and shifts investment towards hardware independent software development.

- Expansion of product portfolio by adding Software to control and manage telecommunication networks

- Operational options for dedicated and cloud-based environment

- Integration of ALBIS Technologies as planned

Today, UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, announces the expansion of the product portfolio in the business area SYSTEMS. In addition to the existing product units that consist of products based on hardware with embedded software UET will now also offer hardware-independent software products. Consequently, the investments in software related development to the existing network management system "MetroIntegrator" within the existing R&D spending have been extended. "MetroIntegrator" has been developed by ALBIS Technologies. The product range will gradually be expanded to become a full portfolio targeting application for dynamic, real-time control of telecommunication networks. The competence center for the new unit "Network Control and Network Management" is located in Zurich.

The product portfolio for the expansion and optimization of telecom infrastructure, consisting of hardware and software for copper and fiber, will be more focused on special applications for the migration to Internet based (Rem: ALL-IP) networks and remote powering systems.

In the area of hardware the challenges on sales and costs have and will be increased. This trend already affects the ongoing business in 2015. The portfolio and investment focus with dedicated investments makes it possible to increase revenues and margins sustainably, while simultaneously reducing the dependence on hardware products in highly competitive markets. The first releases of new products are already available on the market. Current projects in Brazil, Mexico, Italy and Austria are well advanced. Market activities are focused on Europe, Latin America and the Middle East region.

Within the business unit SYSTEMS, that will operate under the new brand albis-elcon, the integration of company ALBIS is on target and as planned. An important milestone has already been reached. The first products were manufactured in Germany since end of October 2015. The positive profit contribution as a result of the production relocation will become full effective in the financial year 2016.

Detailed results of the UET business units for the third quarter of the 2015 fiscal year are shown in the report of the operational financial results for the third quarter. The report will be published by 7 December 2015 respectively.

Contact: UET United Electronic Technology AG Frankfurter Straße 80-82 D-65760 Eschborn

Sebastian Schubert Tel: + 49 (0) 6196 777755-0 Email: investor@uet-group.com

01.12.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: UET United Electronic Technology AG Frankfurter Straße 80-82 65760 Eschborn Germany Phone: +49 (0)6196-7777550 Fax: +49 (0)6196-7777559 E-mail: investor@uet-group.com Internet: www.uet-group.com ISIN: DE000A0LBKW6 WKN: A0LBKW Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart; Open Market (Entry Standard) in Frankfurt End of Announcement DGAP News-Service ---------------------------------------------------------------------------