INCAP EXTENDING ITS COOPERATION WITH FINLAND’S SLOT MACHINE ASSOCIATION (RAY)

Incap Corporation     Stock Exchange Release    7 May 2008 at 2 p.m.
 
Incap Corporation and Finland’s Slot Machine Association (RAY) have today signed a cooperation agreement on the assembly of slot machines, which RAY will outsource to two manufacturers based on public competitive procurement. The agreement covers the manufacture of slot machines at Incap’s factory in Helsinki for the next four years and its value is around EUR 6 – 7 6 – 7 million per year. The agreement further deepens cooperation between Incap and RAY, as Incap will manufacture PCBs and mechanical parts for the slot machines and in future also assume responsibility for their final assembly and testing before delivering the machines to RAY.
 
Assembly will be transferred from RAY to Incap during this coming summer and autumn. According to the agreement, four persons from RAY will be employed by Incap under the terms of their current employment contracts.  
 
“Our partnership with Finland’s Slot Machine Association has continued for a very long time, as we have been collaborating in the manufacture of slot machines for 30 years. The new agreement is an indication of our mutual trust and desire to pursue closer cooperation in the manufacture of even larger product packages,” says Juhani Hanninen, CEO of Incap.
 
 
For further information, please contact:
Juhani Hanninen, President and CEO, tel. +358 50 556 7199
Account Manager Asko Mononen, tel. +358 400 890 062
Hannele Pöllä, Director, Communications and Investor Relations, tel. +358 40 504 8296
 
DISTRIBUTION
OMX Nordic Exchange Helsinki
Principal media
 
 
INCAP IN BRIEF
Incap Corporation is an internationally operating electronics contract manufacturer whose comprehensive service covers the entire product life cycle from design and manufacture to repair and maintenance services. In addition to electronics, Incap also manufactures mechanical products and parts. The company specialises in technically demanding products and product entities that are manufactured in small and medium-sized production series. Incap’s main customers are leading equipment suppliers in telecommunication, energy, industrial electronics, security as well as in medical and well-being. Incap has operations in Finland, Estonia and India. The Group’s revenue in 2007 amounted to EUR 83 million and the company currently employs approx. 720 persons. Incap’s share is listed on the OMX Nordic Exchange Helsinki. For additional information, please visit www.incap.fi