NovaCast Group including Camito and Swepart approved Magna supplier

NovaCast Group including Camito and Swepart approved Magna supplier  

After several months of technical and financial quality audit Magna Heavy
Stamping have approved NovaCast Technologies Group as approved supplier to the
Magna Group. The approval gives Camito and Swepart the “green light” in all
Magna purchase and supply organisations and possible access to a number of
production units throughout the world.

Magna Heavy Stamping in Austria is one of Magna International's over 80
production sites in Europe. Magna International, part of Cosma International
Group of Magna, with headquarters in Canada, employs over 27 000 of the group's
total 70 000 employees. The group is considered one the world's leading
suppliers to the global automotive industry and it has grown considerably over a
ten-year period. Their turnover in 1997 was 5 billion USD and in 2008 it was
close to 24 billion USD. The group has a total of 240 manufacturing operations
in 25 countries.

“The smooth production of the Camito order from Magna last year has been one
important  success factor for obtaining this quality approval. Magna is one of
the world's largest Tier 1 suppliers to the automotive industry and the group is
always in the forefront with new technologies. Now, when we have been able to
show the Camito advantages “live” during the production process I am convinced
we will see further orders in the near future” says Rolf Mastenstrand, CEO at
Camito AB, CTC and SwePart Verktyg AB, in a comment to the appoinment. 

The NovaCast group's commercialization plan for Camito consists of five stages
where the final aim is to establish Camito technology as the standard in
important areas of die production. 

For further information contact Hans Svensson, group CEO, NovaCast Technologies
AB, +46 705 652 250.

NovaCast Technologies, listed on the NASDAQ OMX Stockholm Small Cap lista (NCAS
B), develops and markets enhanced castings for the production of car body parts,
as well as software for methoding, simulating and process control for more
efficient production processes to the global automotive industry and its
subcontractors. With the Camito technology enhanced castings are manufactured in
one solid piece for the production of dies for forming   stamping automotive
body components in a considerably shorter time than traditional dies. Through
die manufacturer SwePart the group has expertise within the whole value chain
for the production and sales of stamping dies.

More information is available on www.novacast.se