Incap and ABB sign a supply contract

5/10/2010, 7:30 AM (Source: GlobeNewswire)

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Incap Corporation

Press release      10 May 2010 at 8.30 a.m.


INCAP AND ABB SIGN A SUPPLY CONTRACT

Incap Corporation and ABB Oy, Machines have signed a supply contract on the
manufacture of rotor components. The contract is a continuation of previous
supply agreement which dates back to the year 2000 and signifies thereby the
extension of a long-term and close co-operation between the two companies.

According to the contract Incap will deliver ABB rotor components of electrical
motors and generators, which are used in different applications in petrochemical
industry, marine industry, metals and mining industries as well as in the power
generation and in renewable energy.

The scope of Incap's deliveries covers besides the manufacture of rotor magnet
poles also the coil winding and final assembly of different rotor structures.
The manufacture of rotor components takes place at Incap's factory in Vaasa
where a total of 73 persons are employed at the moment. The number of personnel
of the factory is not affected by the agreement.

"ABB Oy, Machines is one of Incap's biggest customers in energy efficiency and
the signed contract is significant for Incap because it ensures continuation and
stability of existing, close co-operation", says Incap's Jari Koppelo, director
in charge of the company's business in energy efficiency Europe.  "We trust that
the prevailing trend which emphasises the energy efficiency will result in
growing demand for our customers' products in near future and creates increasing
need for Incap's manufacturing services, too."



For additional information, please contact
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Jari Koppelo, Director, Energy efficiency Europe, tel. +358 40 347 2092
Hannele Pöllä, Director of Communications and Human Resources, tel. +358
40 504 8296


INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose
comprehensive services cover the entire lifecycle 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 competitiveness as a strategic partner. Incap has
operations in Finland, Estonia and India. The Group's revenue in 2009 amounted
to around EUR 70 million, and the company currently employs approximately 780
people. Incap's shares are listed on the NASDAQ OMX Helsinki Oy. For additional
information, please contact  www.incap.fi.


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