SAMI MYKKÄNEN APPOINTED PRESIDENT AND CEO FOR INCAP

Incap Corporation   Stock Exchange Release  1 December 2008 at 2 p.m.
 
Incap Corporation’s Board of Directors has confirmed the appointment of Mr Sami Mykkänen as President and CEO for Incap Group. In June this year Mykkänen was appointed to the position on temporary basis until the end of 2008.
 
Sami Mykkänen, B.Sc., joined Incap in March 2007. Before the duty as the President and CEO, he was responsible for the manufacturing services and strategic sourcing of Incap as Vice President and a member of the Management Team. Prior to that he has acted as manufacturing Director at Powerwave Shanghai and as production and purchasing director at REMEC and ADC Telecommunications, among others.
 
Incap has renewed its strategy since last summer and focuses now on the service of equipment suppliers in energy efficiency and well-being technologies. Also the Group’s organisation structure has been changed accordingly so that the responsibility of the business is centralised into the business units that are formed according to the customer segments. Incap has also launched a reorganisation programme aiming at strengthening the financial base and improving profitability.
 
INCAP CORPORATION
Board of Directors 
 
For further information, contact:
Kalevi Laurila, Chairman of the Board, tel. +358 400 880 770
Sami Mykkänen, President and CEO, tel. +40 559 9047
 
DISTRIBUTION
NASDAQ OMX Helsinki
Principal media
www.incap.fi
 
INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose comprehensive services cover the entire life-cycle of electromechanical products from design and manufacture to maintenance services. Incap’s customers are leading equipment suppliers in energy efficiency and well-being technology, for which the company produces new competitiveness as a strategic partner. Incap has operations in Finland, Estonia and India. The Group’s revenue in 2007 amounted to EUR 83 million and the company currently employs approximately 730 persons. Incap is listed on the NASDAQ OMX Helsinki. For further information, please contact: www.incap.fi.