MJP Waterjets establishes sales office in Singapore and enhanced sales organization

MJP Waterjets, the fastest growing global supplier of waterjets, is establishing
a new sales office in Singapore and an enhanced sales organization. This is in  
line with MJP Waterjets strategy to strengthen its presence in the rapidly      
growing Asian markets, provide world class service and aim to reach the number  
one global market position.                                                     

The decision to open a new sales office in Singapore was made already in the    
fall of 2008, but it is established first now, in conjunction with a new and    
enhanced sales organization.                                                    

- MJP Waterjets is enjoying a period of significant growth and development, and 
the sales office in Singapore will strengthen our focus on building client      
relations around the world. By establishing the Singapore office and the new and
enhanced sales organization, we are now driving for the number one market       
position, says Hans Andersson, CEO of MJP Waterjets.                            

MJP Waterjets new and enhanced sales organization, headed by Nils Morén,        
includes the employment of Jukka Kukkula as Manager MJP Waterjets International 
in Singapore, Björn Hanberg as Vice President Sales and Mats Hermansson in      
sales. The after sales organization, with Manager Niklas Widemark, is also      
reinforced as a result of MJP Waterjets expanding customer base and the growing 
demand for after sales services and support. Examples of after sales offers     
include extended warranty period, service contracts and waterjet upgrades.      

- We have over 700 waterjets in operation worldwide and we will further improve 
our efforts to meet an increased demand. The aim is that the customer should    
always be happy with our efforts”, says Hans Andersson, CEO of MJP Waterjets.   

MJP Waterjets develops, markets and delivers tailor-made, high performance and  
heavy-duty waterjet propulsion systems. MJP Waterjets is the technology leader  
and fastest growing global supplier of waterjets. MJP Waterjets offers waterjets
that generate more thrust from installed power, leading to higher ship speed as 
well as lower fuel consumption. MJP Waterjets delivers waterjets for official   
vessels such as coast guard vessels, patrol boats, landing crafts and customs   
boats, as well as work boats, luxury yachts and fast ferries. In total,         
governments in over 20 countries have chosen MJP Waterjets for their official   
vessels.                                                                        

MJP Waterjets is part of the Swedish industrial group Österby Marine, including 
Österby Gjuteri and Alcopropeller. Österby Marine is owned by Capilon, a listed 
private equity company focused on industrial investments. For more information  
about MJP Waterjets, please visit: www.mjp.se                                   

For more information                                                            
Alex Molvin, CEO, Capilon, E-mail: alex.molvin@capilon.se, Tel: +46 (0)708-25 39
90 Hans Andersson, CEO, MJP Waterjets, E-mail: hans.andersson@mjp.se, Tel: +46  
(0)702-14 02 95                                                                 

Capilon AB (publ)                                                               
Address: Järnvägsgatan 23                                                       
252 24 Helsingborg, Sweden                                                      
Tel: +46 (0)42 24 01 12                                                         
Fax: +46 (0)42 24 16 01                                                         
E-mail: info@capilon.se                                                         
www.capilon.se