NovaCast sets up USA office to prepare for upswing in economy

NovaCast sets up USA office to prepare for upswing in economy 

NovaCast Technologies' AB subsidiary NovaCast Foundry Solutions AB in Ronneby,
Sweden is setting up a subsidiary in the USA before the anticipated upswing in
the economy. New sales and support will be facilitated through this company.
Henrik Barth, currently NovaCast Foundry Solutions' marketing manager for USA,
will head the Chicago-based company. 

The main reason for establishing the company is to make more visible and to
strengthen NovaCast's presence, as well as to increase access to service and
support. The American market is preparing for an upswing in the economy and the
structural changes that the financial crisis has forced upon the foundry
industry have increased the demands for efficiency in product and production
development. 

The steadily increasing intrest for fuel-efficient engines within the
transportation and automotive industries has intensified as a result of
President Obama's environmental policies. USA is a very important market for
Novacast Foundry Solutions' Graphyte technology for the production of engine
parts in compacted graphite iron. 

NovaCast Foundry Solutions develops and markets software that covers the total
needs in a foundry, from planning to process control and environmental control.
Its customers are among global iron, steel and metal foundries, with 640
licences installed in 43countries at the end of 2008.

NovaCast has been a well-known trademark among North American foundries for a
long time. Over 100 licences have been installed over the years. USA is an
important market within the foundry industry and together with China it is one
of the countries with the highest casting production and foundry development.
Together with the Graphyte product line for compacted graphite iron (CGI),
NovaCast Foundry Solutions also has the NovaFlow&Solid software package for
simulation and flow optimization, the ATAS process control system for gray and
ductile iron, as well Metal Master och Foundry Technology. These programs
constitute the base for business activities and lead to high efficiency gains
for foundries.

NovaCast Foundry Solutions' complete offer to customers also includes
consultancy and continuous access to process technologies through Technology
Partner Agreements (TPA), which generate repeated annual income. TPAs for the
important software packages have increased during recent years and 213 customers
had signed agreements at the turn of 2008/9. 

For further information contact Hans Svensson, NovaCast Technologies' AB group
CEO, +46 457 386 302, +46 70565 2250,  hans.svensson@novacast.se

NovaCast Technologies, listed on the OMX Nordic Exchange (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.