Capilon AB
MJP Waterjets wins four strategic orders to supply waterjets in new markets
Capilon AB / 01.06.2010 07:50 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, wins four strategic orders to supply waterjets to work boats in South Africa, premium luxury yachts in Asia, patrol boats and unmanned naval vessels. The total order value amounts to Euro 3 million and deliveries will take place in 2010 and 2011. As a result of the strategic orders, MJP Waterjets is expected to take larger orders in these new markets. - The first order in South Africa is a breakthrough for MJP Waterjets in Africa. The prestigious order for waterjets to premium luxury yachts in Asia comes from our strong market position in coast guard and navy vessels. The strategic orders are expected to be the starting point for larger orders in the near future, says Hans Andersson, CEO of MJP Waterjets. MJP Waterjets has taken a first order in South Africa to supply waterjets for a certain type of work boats. The order is the result of a co-operation, which was started in December 2009, between MJP Waterjets and KND, Kobus Naval Design, based in Cape Town. KND will continue to support MJP Waterjets sales and services on the African continent. Moreover, MJP Waterjets has also taken a first order to supply waterjets for premium luxury yachts to a new customer in Asia, as well as a first order for waterjets to patrol boats in a new country in Asia. MJP Waterjets has also taken a first order to supply waterjets to unmanned naval vessels. MJP Waterjets has taken this order thanks to R&D efforts and a high degree of customization. MJP Waterjets has recently developed a new and advanced concept for landing crafts, which has an emerging market, just as unmanned naval vessels. MJP Waterjets develops, markets and delivers tailor-made, high performance and heavy-duty waterjet propulsion systems. MJP Waterjets is the technology leader and fastest growing global supplier of waterjets. MJP Waterjets offers waterjets that generate more thrust from installed power, leading to higher ship speed as well as lower fuel consumption. MJP Waterjets delivers waterjets for official vessels such as coast guard vessels, patrol boats, landing crafts and customs boats, as well as work boats, luxury yachts and fast ferries. In total, governments in 21 countries have chosen MJP Waterjets for their official vessels. MJP Waterjets is part of the Swedish industrial group Österby Marine, including Österby Gjuteri and Alcopropeller. Österby Marine is owned by Capilon, a listed private equity company focused on industrial investments. 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 01.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. 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 News DGAP News-Service ---------------------------------------------------------------------------
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