Concentric: Break through order for new variable oil flow pump

Concentric: Break through order for new variable oil flow pump

Concentric AB has received its first order for its new premium variable oil flow
pump from a global truck manufacturer

The variable oil flow pump is an enabling technology driven by tougher emission
legislation within the EU from 2013 and will be followed by the same stringent
demands in the US in 2016. The variable oil flow pump provides both engine and
truck manufacturers as well as end users with a compelling value proposition as
it reduces fuel consumption by between 0.5-2.0 percent.

“We expect a very good market potential for this new product. By 2014 some
650,000 engines will have to comply with the tougher emissions legislation in
Europe according to Power Systems Research data. Fuel cost is the single largest
component representing about 30 percent of total operating cost for transport
companies. However large the engine, wherever it is made and wherever it is
used, there will be tougher emissions standards and increased focus on reducing
fuel consumption. Our new product therefore offers a great value proposition",
says David Woolley CEO of Concentric AB.

This new order will start being delivered during Q4 2012 with a ramp-up during
2013 and full volume 2014. It is expected to have a positive impact on EBIT from
2013.

Fur further information, please contact Lena Olofsdotter, Concentric AB, +46 708
326 854