Incap Corporation Press release 8 March 2007
Incap starts manufacturing of rectifier systems for Efore Group
Incap Corporation has signed an agreement with Efore Group regarding the
manufacture of rectifier systems at Incap's Kuressaare factory. Efore's
rectifier systems produce continuous direct current and are designed especially
for the needs of telecommunications and industrial use. Essential functions of
the systems include a battery control unit and remote usage possibility.
The manufacture of rectifier systems covers customer-specific product entities,
and also the product versions are typically tailored by order. Production will
take place at Incap's Estonian factory, where training for the personnel has
already started. In the beginning, this project will employ about ten new people
at Incap.
The contract includes an expansion of manufacture, and the volumes are expected
to increase significantly during the next few years. No new investments are
necessary at Incap because e.g. testing equipment will be transferred from Efore
to Incap.
Incap will start the manufacture by the end of April. ”Timetable of the project
is very tight, but we trust in Incap's competence and professional skills to
make it happen”, says Reijo Mäihäniemi, President and CEO of Efore Group.
”This agreement means an expansion of our production range into new kinds of
products and we are pleased to deliver them to international end users for
demanding operating environment. The rectifier systems fit our strategy very
well as they are technically demanding product entities, which are manufactured
in different versions. We find this agreement significant for Incap, both in
volume and as a reference”, says Juhani Hanninen, President and CEO of Incap.
INCAP CORPORATION
Further information:
Petri Saari, Vice President, Sales and Marketing, tel. +358 40 777 5769
Hannele Pöllä, Director, Communications and IR, tel. +358 40 504 8296
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 in
2006 amounted to 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