PREMO Announces Agreement with Eaton Corporation to Supply Current Transducers

PREMO, technology leader for inductive, RFID components and EMC filters, has signed a Current Transducers supply agreement with Eaton Corporation, global leader in electrical control, power distribution, power quality, automation, and monitoring products and services. The contract has a development of up to 1 million annual Euros. PREMO provides components to Eaton Corporation, for Europe, Asia and USA, for 3 Million dollars.

With this agreement PREMO forecast to increase its turnover and sell its current transducers to one its major customers. PREMO expect to get the UL Certification for several of its transducers series for green energy inverters, as well as, for UPS up to 100KVA.

Eaton Corporation, with headquarters in Ohio, USA, is a diversified power management company with 2009 sales of $11.9 billion. The company has approximately 70,000 employees and sells products to customers in more than 150 countries. The company is listed in the NY Stock Exchange (NYSE:ETN). Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulic and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety.

Premo Group was founded in 1962 and employs 500 people worldwide. The headquarters is located in Barcelona, Spain. A global network of sales offices and manufacturing centers guarantees fast and competent worldwide customer support and service. The main competences are designing, manufacturing and supplying standard or custom made inductive components for the electronics market. A wide range of products as RFID transponder coils, EMC filters, current sensing components, planar transformers, and chokes cover most applications in the different market.

For further information you can always contact:

Communication Department:

Rocío Arrupe

PREMO Headquarter

Premo C/. Conchita Supervía

13 - 08028 Barcelona (Spain)

Phone number: 34 934 098 980

Fax: +34 934 906 682

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