Luminor provides 4.95 million euros to SAF Tehnika

“The technology sector is still in its peak and we are delighted to support one of the Latvian pioneers in this sphere to compete with the “giants” of the industry on the global scale. The COVID-19 pandemic has not harmed the company’s growth, quite the opposite — the company has used the time wisely to develop and improve its products. SAF Tehnika will use the support to facilitate increase of the proportion of information technologies in the Latvian exports of goods and services, because technologies will remain a very promising industry,” said Ilze Zoltnere, Head of the Corporate Department at Luminor in Latvia.

SAF Tehnika produces and exports wireless data transmission devices. The products of the company provide wireless solutions for digital voice and data transmission to mobile and fixed network carriers, data transmission providers, private and state companies. Experience and knowledge acquired over more than 20 years allow the company to develop different innovations, launching the series of the smallest microwave spectre analyser Spectrum Compact, as well as creating the solution of wireless sensor network for the analysis and monitoring of the environment that is known with the brand Aranet (the segment of Internet of Things).

“The company’s brand and product line Aranet continues to serve as a strong business driver operating in several business segments, including agriculture, building management and public sector. The interior air quality sensor Aranet3 is still popular, its popularity was facilitated by COVID-19 and consumers’ awareness of the significance of air quality and ventilation not only to limit spread of viruses, but also to improve the cognitive and working abilities. Remote or hybrid type of work, in its turn, globally has increased the demand for data transmission capacity and data quality improvements and SAF Tehnika is able to provide that.
 
Availability of current assets is important to expand the company’s activities, ensure procurement volumes and terms, as well as to be able to complete majority of orders within the usual terms. We continue investing in scientific research and development to create new and improve the existing products that comply with our customers’ changing needs,” said Zane Jozepa, Member of the Board at SAF Tehnika
 
The company’s products are widely known and used all over the world in state and private sectors. Spheres where the different wireless solutions are used are continuously expanding, with such dominant industries as mobile communications, internet service provision, industry, finance, media, horticulture, and other spheres.