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Partnerships for Development Certificate presented to Krone.

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Partnerships for Development Certificate Presented to KRONE KRONE (Australia) Technique Pty Limited was today presented with a Graduate Partner certificate under the Partnerships for Development program (PfD) by the Minister for Communications, Information Technology and the Arts, Senator Richard Alston.

The PfD program encourages IT&T companies doing significant business with the Commonwealth Government to look at how Australia's capabilities can contribute to their company's global development. With a focus on globally oriented activities, companies are particularly encouraged to consider new investments in Australia and strategic alliances with Australian SME's.

'Through this program, the Government has successfully encouraged many of the world's leading international information technology and telecommunications companies to invest in Australia. The program now has around 100 participants with over $3 billion invested in research and development and exports of over $12 billion achieved by PfD companies.

'KRONE is to be congratulated on successfully completing their agreements under the PfD program, and their commitment to maintaining existing levels of industry development,' Senator Alston said.

'By re-confirming their commitment to the IT&T industry in Australia, KRONE will continue to develop, manufacture and export 'high tech' IT products in and from Australia into the future'

'Australia's IT and communications sector is an engine of growth and has been growing at three times the rate of the general economy but it will do even better now that we have a world-competitive tax system.

'The Government's business tax reforms will boost the information technology sector, while initiatives such as the $78 million Building on Information Technology Strengths (BITS

incubators) program, the Information Technology Online (ITOL) program and Austrade's Exporting Online program help businesses who currently export or who have export potential.

'Since joining the PfD Program in November 1995, KRONE has invested $6 million in Research and Development, $37 million in local investments and $21 million in exports. The company anticipates that its Australian exports for the year ending 31 December 2000 will exceed $20 million.

KRONE employs over 350 people in the production of communications equipment including fibre optics and copper cable connectivity solutions for voice and data applications.

Companies participating in the PfD program have contributed more than $3.2 billion in R&D and $12 billion in exports to the development of the Australian IT&T industry.

Media contact: Sasha Grebe 0409 445 246 Website: 59/00 29 June 2000

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