Cardo: ABS wins Technology Innovation of the Year Award

ABS wins Technology Innovation of the Year Award ABS has won Frost & Sullivan's Technology Innovation of the Year Award for its work in offering customers complete solutions in wastewater technology. ABS makes up the bulk of Cardo's Wastewater Technology Solutions division. The citation for the award is as follows: "The company has been dedicated in offering complete solutions for all kinds of water and wastewater treatment applications. Its extensive technical knowledge in pumping applications coupled with its ability to deliver high quality products are among the key reasons for its consolidation as a key participant in the European pump market for water and wastewater treatment sector." Some of the key factors that Frost & Sullivan has highlighted about the ABS solution offering are: · ABS offers innovative and highly efficient turbocompressors · ABS offers cutting edge control and monitoring systems · ABS pursues continuous product development, exemplified by its submersible AFP pump "We are very proud to have received this award," says Peter Aru, Cardo's President and CEO and also Acting President of ABS Group. "This proves that our strategy of offering broad applications know-how together with high-quality products is a winning combination." "We see the award as an inspiration to become even better at offering our global customers solutions that help them to enhance their operations," says Peter Aru. Malmö, Sweden, January 19 2007 Cardo AB (publ) Read more about the award and the citation at www.absgroup.com For further information, please contact: Maria Bergving, Senior Vice President Communications & Investor Relations, tel. +46 40 35 04 25, +46 70 602 61 81, maria.bergving@cardo.com Cardo is an international industrial group with leading brands, offering solutions with quality products, a high level of service and great applications know-how to industrial customers. Operations are pursued in the group's divisions: Door & Logistics Solutions, Wastewater Technology Solutions, Pulp & Paper Solutions and Residential Garage Doors, which all enjoy strong positions in their respective markets. The group has approximately 5,800 employees in more than 30 countries and sales of approximately SEK 8.5 billion. More than 90 percent of sales relate to customers outside Sweden. The head office is situated in Malmö, Sweden. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/f.aspx?id=361558&fn=wkr0010.pdf