INCAP STARTS MANUFACTURING OF RECTIFIER SYSTEMS FOR EFORE GROUP

Press release           8 March 2007 at 10 a.m.
 
  
Incap Corporation has signed an agreement with Efore Group regarding the manufacture of rectifier systems at Incap’s Kuressaare factory. Efore’s rectifier systems produce continuous direct current and are designed especially for the needs of telecommunications and industrial use. Essential functions of the systems include a battery control unit and remote usage possibility.
 
The manufacture of rectifier systems covers customer-specific product entities, and also the product versions are typically tailored by order. Production will take place at Incap’s Estonian factory, where training for the personnel has already started. In the beginning, this project will employ about ten new people at Incap.
 
The contract includes an expansion of manufacture, and the volumes are expected to increase significantly during the next few years. No new investments are necessary at Incap because e.g. testing equipment will be transferred from Efore to Incap.
 
Incap will start the manufacture by the end of April. “Timetable of the project is very tight, but we trust in Incap’s competence and professional skills to make it happen”, says Reijo Mäihäniemi, President and CEO of Efore Group.
 
“This agreement means an expansion of our production range into new kinds of products and we are pleased to deliver them to international end users for demanding operating environment. The rectifier systems fit our strategy very well as they are technically demanding product entities, which are manufactured in different versions. We find this agreement significant for Incap, both in volume and as a reference”, says Juhani Hanninen, President and CEO of Incap.
 
 
INCAP CORPORATION
 
Further information:
Petri Saari, Vice President, Sales and Marketing, tel. +358 40 777 5769 
Hannele Pöllä, Director, Communications and IR, tel. +358 40 504 8296
 
INCAP IN BRIEF
Incap Corporation is a fast-growing electronics contract manufacturer whose comprehensive service covers the entire product life cycle from design and manufacture to repair and maintenance services. The company’s main customer sectors are leading equipment suppliers in telecommunications, electrical power technology, the automation and process industries as well as measurement technology, safety electronics and health care. The Incap Group’s revenue in 2006 amounted to EUR 89 million and the company currently employs approx. 540 persons. Incap’s share is listed on the Helsinki Stock Exchange and it is a component of the Nordic Small Cap list within the information technology sector. For additional information, please visit www.incap.fi