Capilon AB
MJP Waterjets celebrates the Grand Opening of Singapore office
Capilon AB 30.11.2010 07:55 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- MJP Waterjets, the fastest growing global supplier of waterjets, today celebrates the Grand Opening of a new sales office in Singapore. The Singapore office will strengthen the presence in the rapidly growing Asian and Middle East markets, in which MJP Waterjets recently has reported strong orders. In November 2010, MJP Waterjets won two orders worth Euro 1 million for the delivery of waterjets to customers in the Asian and Middle East markets. In September 2010, MJP Waterjets won one of the largest contracts ever in the market for waterjets, worth Euro 12 million. MJP Waterjets will supply waterjets for 36 high-speed interceptor boats for the Indian coast guard. Deliveries of waterjets will take place during 2010-2013. The order is an important reference for MJP Waterjets's continued sales in India, which is expected to become the world's largest market for waterjets during forthcoming years. MJP Waterjets is the fastest growing global supplier of waterjets. MJP Waterjets develops, markets and delivers tailor-made, high performance and heavy-duty waterjet propulsion systems. MJP Waterjets offers technology-leading waterjets, that generate more thrust from installed power, leading to higher ship speed, lower fuel consumption as well as lower life cycle cost. MJP Waterjets delivers waterjets for governmental applications such as coast guard vessels, patrol boats, landing crafts and customs boats, as well as applications for work boats, luxury yachts and fast ferries. In total, governments in 22 countries have chosen MJP Waterjets for their governmental applications. MJP Waterjets was founded in 1986 and has today over 700 waterjets in service around the world. MJP Waterjets, in Österbybruk, is part of the Swedish industrial group Österby Marine, including Österby Gjuteri and Alcopropeller. Österby Marine is owned by Capilon, a private equity company listed on NASDAQ OMX First North. For more information about MJP Waterjets, please visit: www.mjp.se For more information Alex Molvin, CEO, Capilon, E-mail: alex.molvin@capilon.se, Tel: +46 (0)708-25 39 90 Hans Andersson, CEO, MJP Waterjets, E-mail: hans.andersson@mjp.se, Tel: +46 (0)702-14 02 95 Capilon AB (publ) Address: Järnvägsgatan 23 252 24 Helsingborg, Sweden Tel: +46 (0)42 24 01 12 Fax: +46 (0)42 24 16 01 E-mail: info@capilon.se www.capilon.se News Source: NASDAQ OMX 30.11.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Capilon AB Sweden Phone: Fax: E-mail: Internet: ISIN: SE0001859984 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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