PRESS RELEASE 24 January 2007 at 2.30 p.m.
Incap Corporation has signed a co-operation agreement with Bevesys Finland Ltd., who supplies and maintains reverse vending systems for used beverage containers used in the retail outlets. These systems include reverse vending machines for refillable and non-refillable used beverage containers, sorting systems and compactors. Co-operation agreement involves manufacturing of electronics and mechanics for these devices and component assembly until the final product. Component manufacturing and assembly will be done in Incap's Helsinki and Kuressaare factories.
"This agreement is another new example of Incap's competitive advantage in manufacturing complete products including electronics and mechanics. The agreement is of significant value and this new co-operation expands our versatile customer base even further", says Petri Saari, VP of Sales and Marketing from Incap Corporation. The prospects of Bevesys Finland Ltd. as a supplier of recycling systems are good because the markets are expected to grow due to increase in recycling. Also deposit systems are expanding in Finland in the beginning of year 2008.
"We want to focus on our core competence and improve the quality of our deliveries and also meet the increased demand and tougher competition. Incap's modern and competitive production facilities and ability to deliver high quality products convinced us and support well our growth strategies both locally and internationally", says Antti Auno, Managing Director from Bevesys Finland Ltd.
First deliveries will take place in the beginning of year 2007. The agreement includes a clause to increase order value in the future.
INCAP CORPORATION Further information: Petri Saari, Vice President, Sales and Marketing, tel. +358 40 777 5769 Hannele Pöllä, Director of Communications and IR, tel. +358 40 504 8296 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 amounted 2005 of EUR 76.7 million and the company currently employs approx. 550 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
Bevesys Finland Oy is a supplier of reverse vending systems for used beverage containers. The company is based in Kouvola, Finland and has approx. 20 employees. Company's main markets are Finland and Austria, but their products have also been installed in Denmark, the Czech Republic, Belgium, Luxembourg and in the Netherlands. There are already over 1000 Bevesys - reverse vending systems delivered, from which 60% abroad. The company's budgeted turnover for the year 2007 is EUR 6 million. www.bevesys.fi