INCAP CORPORATION AND ABB OY, ELECTRICAL MACHINES SIGN A LETTER OF INTENT ON ENAMELLED COPPER WINDINGS FOR ROTOR POLES

INCAP CORPORATION STOCK EXCHANGE RELEASE 4 June 2007 at 2 p.m.
 
 
Incap Corporation and ABB Oy, Electrical Machines have signed a Letter of Intent regarding transfer of enamelled copper winding of rotor poles from ABB Oy Synchronous Machines to Incap. Contract includes a supply agreement according to which Incap will deliver copper windings to ABB Oy from its Vaasa unit.
 
The contract will increase delivery contents of manufacturing of rotor poles, which have already been transferred previously to Incap. Incap will deliver finished rotor components directly to ABB Oy rotor component assembly cost-effectively and with a fast delivery time.
 
ABB Oy has been making rotor pole windings at their premises in Pitäjänmäki, Helsinki and has acquired also similar production from its subcontractors. ABB Oy and Incap are negotiating currently regarding on the terms of the actual contract and the target is to sign the actual agreement by the end of June. According to the plan, the deliveries of magnetic poles will start in stages during the coming autumn.
 
“We are satisfied being able to expand our long-term cooperation with ABB Oy again into a new area. We believe that the expansion of future service concept will benefit greatly customer’s own manufacturing process”, tells Incap’s Sales Director Petri Saari.
 
 
INCAP CORPORATION
 
Further information:
Hannele Pöllä, Director, Communications and IR, tel. +358 40 504 8296
Petri Saari, Vice President, Sales and Marketing, tel. +358 40 777 5769 
 
DISTRIBUTION
Helsinki Stock Exchange
Principal media
 
 
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 amounted 2006 of 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