Largest Camito order to date for NovaCast Technologies' subsidiaries Camito and SwePart Verktyg

Largest Camito order to date for NovaCast Technologies' subsidiaries Camito and
SwePart Verktyg

NovaCast group subsidiaries Camito AB and SwePart Verktyg AB have together
received an order valued at 28 - 30 Msek from Magna Heavy Stamping in Austria
regarding a number of die sets for the production of car body parts. The dies
will be used in the company's production of details for two new car models from
one of the world's leading automotive groups.  Of a total of 35 dies in the
order more than ten will be produced using the patented Camito technology. This
is the largest order so far for Camito produced dies. 

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 240 manufacturing operations in
25 countries.

“That such an important party and supplier to the largest automotive
manufacturers in the world has not only shown interest in but also chosen to
invest in the Camito method as well as so large a series of dies is extremely
satisfying. The fact that it is the first order in stage three of our
commercialization plan for Camito technology is also very important. I also see
this order as a confirmation that our new marketing strategy with a close
cooperation between Camito as our marketing and sales company, and SwePart
Verktyg is indeed effective”, says NovaCast Technologies' group CEO Hans
Svensson.

The group's commercialization plan consists of five stages where the final aim
is to establish Camito technology as the standard in die production. Stage three
involves orders for a larger group of Camito produced dies. 

Rolf Mastenstrand, CEO at Camito AB points out one factor that was decisive in
obtaining this large order, which was negotiated by Camito's sales office in Bad
Waldsee, Ravensburg, Germany.

“The foremost decisive success factor for obtaining this order was our Camito
technology. 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. I am confident that their evaluating and choosing so extensive a
Camito solution will be of great importance to us in our contacts with other
parties. The advantages of shorter lead times as well as cost reductions that
Camito technology ensures are creating increasing interest on the market”. 

For further information contact:
Hans Svensson, group CEO,  NovaCast Technologies AB, +46 457 386 302 or 
+46 705 65 2250.


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