KAREL Elektronik A.Ş.

Karel, established in 1986, created the electronic telephone exchange market in Türkiye with its original designs, introduced PBX products to this market, and pioneered Türkiye's transition from electro-mechanical to electronic communication systems. Founded with 100% domestic capital, Karel possesses Turkey's most advanced R&D in the field of communication electronics and world-class production facilities and standards. Today, it is Turkey's market-leading brand, exporting products and technology to more than 30 countries. It is listed as one of the "Top 100 Most Valuable Brands in Türkiye" by Brand-Finance, a well-known and trusted global institution.

A brief overview of Karel;

• Karel operates in the fields of telecommunications solutions, electronic control board design and manufacturing, turnkey projects, and communication solutions for the defense industry.

• With over 700,000 installed PBX (Public Telephone Exchange) systems in Turkey alone, exporting products and technology under the Karel brand to over 30 countries, and serving over 12 million users worldwide.

• Karel, the market leader in the Turkish PBX market, is the "most valuable" brand in its sector.

• It is among Turkey's Top 100 Most Valuable Brands.

• It is one of the world's top 15 and Europe's top 3 PBX manufacturers.

• According to the Fortune 500 survey, it is one of Turkey's top 500 companies.

• In the ISO "Turkey's 500 Largest Industrial Enterprises" list, it is among the top 150 companies in the field of value-added production.

• It allocates an average of 8.5% of its turnover to R&D.

• It has approximately 2500 employees.

• Located in Ankara's Sincan Organized Industrial Zone, the company boasts production facilities with a 20,500 m² indoor area, utilizing the world's most advanced production and quality control systems.

• Ranked first in the "Turkey-Based IT Manufacturer" category in the IT 500 list.

• A 100% domestically owned Turkish company.

• Karel is Turkey's leading technology company, possessing control over all processes from design to production.