Exlar Exclusivity Contract

Olsen Engineering UK Ltd / Olsen Actuation UK Ltd are pleased to announce Exlar Corporation have granted a 4-year exclusivity contract for the territory of the United Kingdom. Christian Becker Manager for Exlar Europe and Tim Erhart Chairman and majority shareholder confirmed following negotiations that this agreement would take effect beginning 3rd December 2012.

This deal is based on the much-increased success of Exlar business in the UK, a clearly defined sales and marketing strategy and the target to be the leading linear actuation company during the coming years in the UK. Exlar is the worlds largest linear actuation company producing +1000 actuators per month and employing 185 people with 95 design engineers".