Valor Computerized Systems [FWB: VCR], the leader in productivity-enhancing solutions for the electronics industry, announced today the appointment of South African based Zetech CC as its representative. The agreement extends Valor's global coverage and support capabilities, and allows the South African electronics industry to benefit from its best-in-class solutions and enjoy improved accessibility and response time.

Founded in 1986, Zetech supplies manufacturing equipment, software, materials and technical support to the electronics industry. Its customers are major electronic manufacturers in South Africa such as Elprom, Conlog, Grintek, Kentron, Microtronix, Panasonic, Shurlok and others. Under the terms of the agreement, Zetech will resell and distribute Valor's solutions, and will also provide implementation, support and training services for electronics companies in the South African region.

"Companies across the world are faced with the need to confront constant change and increasing complexity and competition, and the South African region does not escape unharmed," said Zalman Orlianski, Zetech's founder and managing director. "Valor's experience and expertise will help our customers meet these challenges and increase their efficiency, productivity and quality."

"Zetech's strength lies in its expertise, market exposure, access to international technology resources and hard-earned reputation in the industry," said David Bengal, president of Valor Europe. "This makes Zetech a perfect partner for Valor, and allows us to enhance our support capabilities and offer our customers better coverage and reduced response time. I am looking forward to many years of successful and fruitful cooperation with Zetech," he concluded.

About Valor

Valor Computerized Systems develops compelling technologies for simulating and optimizing the manufacture of printed circuit boards. Valor's breakthrough technologies for product design analysis, simulation and optimization of PCB assembly, and Manufacturing Operations Management increase productivity, yield and quality, and help streamline and accelerate product innovation in a fast-paced global market. Valor is listed on the Prime Standard of the Frankfurt Stock Exchange [WKN 928731]. Its customer base includes the majority of Tier I and Tier II companies in the electronics industry, most of which are fortune 500 companies. More information on Valor can be found on www.valor.com.