NovaCast receives additional order for dies from Volvo Car Corporation

NovaCast receives additional order for dies from Volvo Car Corporation

NovaCast Technologies' subsidiary SwePart Verktyg has received an
additional order worth in excess of 3 MSEK for a further die within
supplier agreement with Volvo Car Corporation regarding stamping dies
for a new car model. The agreement includes production of approximately
25 stamping dies and stamping of pre-series details in connection with
delivery. The total order value now exceeds 34 MSEK.

The project has commenced with engineering within SwePart and Camito
Technology Center. Casting of the stamping dies will take place at
Camito Technology Center during the fall and final delivery of the
complete dies is planned to begin during the second half of 2011.

 

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

  www.novacast.se (http://www.novacast.se/)

 NovaCast Technologies, listed on the NASDAQ OMX Stockholm Small Cap
list (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 and stamping automotive body components in a
considerably shorter time than traditional dies. Through die
manufacturer SwePart Verktyg the group has expertise within the whole
value chain for the production and sales of stamping dies.