INCAP EXTENDING ITS COOPERATION WITH FINLAND'S SLOT MACHINE ASSOCIATION (RAY)



Incap Corporation     Stock Exchange Release    7 May 2008 at 2 p.m.
 
Incap Corporation and Finland's Slot Machine Association (RAY) have
today signed a cooperation agreement on the assembly of slot
machines, which RAY will outsource to two manufacturers based on
public competitive procurement. The agreement covers the manufacture
of slot machines at Incap's factory in Helsinki for the next four
years and its value is around EUR 6 - 7 6 - 7 million per year. The
agreement further deepens cooperation between Incap and RAY, as Incap
will manufacture PCBs and mechanical parts for the slot machines and
in future also assume responsibility for their final assembly and
testing before delivering the machines to RAY.
 
Assembly will be transferred from RAY to Incap during this coming
summer and autumn. According to the agreement, four persons from RAY
will be employed by Incap under the terms of their current employment
contracts.  
 "Our partnership with Finland's Slot Machine Association has
continued for a very long time, as we have been collaborating in the
manufacture of slot machines for 30 years. The new agreement is an
indication of our mutual trust and desire to pursue closer
cooperation in the manufacture of even larger product packages," says
Juhani Hanninen, CEO of Incap.
 
 
For further information, please contact:
Juhani Hanninen, President and CEO, tel. +358 50 556 7199
Account Manager Asko Mononen, tel. +358 400 890 062
Hannele Pöllä, Director, Communications and Investor Relations, tel.
+358 40 504 8296
 
DISTRIBUTION
OMX Nordic Exchange Helsinki
Principal media
 
 
INCAP IN BRIEF
Incap Corporation is an internationally operating electronics
contract manufacturer whose comprehensive service covers the entire
product life cycle from design and manufacture to repair and
maintenance services. In addition to electronics, Incap also
manufactures mechanical products and parts. The company specialises
in technically demanding products and product entities that are
manufactured in small and medium-sized production series. Incap's
main customers are leading equipment suppliers in telecommunication,
energy, industrial electronics, security as well as in medical and
well-being. Incap has operations in Finland, Estonia and India. The
Group's revenue in 2007 amounted to EUR 83 million and the company
currently employs approx. 720 persons. Incap's share is listed on the
OMX Nordic Exchange Helsinki. For additional information, please
visit www.incap.fi  
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