This move underscores the company's commitment to
invest in the country's digital future and confidence in its
skilled workforce.
ATHENS,
Greece, Nov. 25, 2024 /PRNewswire/
-- Intracom Telecom, a global technology systems and solutions
provider, announced today a €45 million investment in a
state-of-the-art manufacturing facility in Kozani, Greece. Construction is scheduled to commence
within 2025, with completion expected within two years. This
project is aligned with the Greek Government's Just Transition
program, designed to promote entrepreneurship and economic growth
in regional areas of the country and represents another strategic
milestone for the Greek technology powerhouse in its ongoing
efforts to strengthen its global market position.
The new facility, spanning 71,457 sq.m. of privately-owned land
with 18,637 sq.m. constructed, will be equipped with
state-of-the-art machinery and serve as the Group's newest
production unit complementing its existing production units in
Romania and Italy. Designed with sustainability in mind,
the facility will meet 20% of its electricity needs through solar
power.
The facility will focus on the manufacture of next-generation
Broadband Wireless Network Products. These cutting-edge
technologies, which will continue to be developed at the company's
Research & Development centers in Greece, will complement the development of
modern 5G/6G networks and will contribute significantly to the
Greek and European digital economy.
"This investment in Kozani is a strategic milestone in
reinforcing our global relevance in cutting-edge
technologies," stated Isak
Alon, The President of the Board of Intracom Telecom.
"The region's modern infrastructure and strategic location,
offering excellent access to European markets, make it ideal for
expanding our production capacity to meet rising global demand.
Furthermore, this project reflects our commitment to strengthening
the European Union's technological self-reliance."
Intracom Telecom's investment is expected to bring significant
socio-economic benefits to the region, beginning with the creation
of over 150 skilled jobs.
"This facility is more than just a production
site," said Kartlos Edilashvili, Acting CEO of Intracom
Telecom. "It serves as a catalyst for growth and innovation,
aligning with our vision to support the development of Greece's regional areas. With its
state-of-the-art design, the Kozani facility will not only meet
growing market demands but also advance Intracom Telecom's mission
of delivering cutting-edge connectivity solutions, contributing to
the transition toward a greener economy, and fostering regional
prosperity."
About Intracom Telecom
Intracom Telecom is a global technology systems and solutions
provider operating for over 45 years in the market. The company is
the benchmark in fixed wireless access, and it successfully
innovates in the 5G/4G wireless RAN transport and small-cell SON
backhaul international arena. Intracom Telecom offers a
comprehensive revenue generating software solutions portfolio and a
complete range of ICT services, focusing on IoT, SDN/NFV, Big Data
analytics & data-driven intelligence, and Smart City solutions.
Furthermore, the company is developing security integrated systems
for critical infrastructure protection and border surveillance,
having extensive knowhow and a proven track record in this
industry. Moreover, it addresses the Energy & Utilities
industry, emphasizing on smart metering and end-to-end IT
solutions. Intracom Telecom serves telecom operators, public
authorities and large public and private enterprises. The Group
maintains its own R&D and production facilities and operates
subsidiaries worldwide. For more information, visit
www.intracom-telecom.com
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SOURCE Intracom Telecom
