Monday, May 17, 2010

Semcon Receives SEK 9 Million Order from the Defence Matériel Administration


Defense News:
Semcon (STO:SEMC) has received an order from the Swedish Defence Matériel Administration (FMV) worth SEK 9 million. The order concerns 19 specially developed composite containers intended for the Swedish armed forces, including the Nordic Battlegroup.

Semcon will be responsible for developing, testing, certification, documentation and calculations of the multi-functional composite containers.

“We have collaborated with FMV since 2000 and are extremely pleased about the continued confidence they have in us. The containers we develop include advanced, complex technology and we look forward to continuing being in the vanguard of the armed forces’ ongoing developments,” says Peter M Nilsson, Area Manager at Semcon in Karlskrona.

Multi-functional composite containers The multi-functional composite containers are designed and developed for technical and safety use by the armed forces. There are three different standard models that, via different options, can be tailored to a customer’s requirements. Composite containers are very complex and have a number of functions such as EMC protection, heating and refrigeration, electrical central and roll-on roll-off frame.

FMV ordered the first specially adapted containers from Semcon nine years ago and to date 186 containers worth SEK 95 million have been delivered. The containers have a wide area of use, including liaison centres, workshops, medical, storage, documentation and maintenance containers. The containers have been used by peacekeeping forces in the Congo, Afghanistan, Bosnia, Chad and Liberia.

The containers are currently sold to the Swedish armed forces, but there is huge international interest in the product. Discussions with buyers in other countries are underway.

Semcon is a global company active in the areas of engineering services and product information. The Group has around 2,600 employees with extensive experience from many different industries. Semcon develops products, plants and information solutions along the entire product development chain and also provides many other services including quality control, training and methodology development. Semcon increases customers’ sales and competitive strength by providing them with innovative and solid engineering solutions. The Group has sales of SEK 2.3 billion with activities at more than 40 sites in Sweden, Germany, the UK, Brazil, Hungary, India, China, Spain, Malaysia and Russia. Semcon’s shares are quoted on the Nasdaq OMX Stockholm under the SEMC ticker.

This information is such that Semcon must publish according to laws governing the securities market and/or laws governing trading in financial instruments. This information was published at 11:30 a.m. on 15 may 2010.

This information was brought to you by Cision http://www.cisionwire.com

Contact:

Semcon Caran AB
Peter M Nilsson, Area Manager
+46 (0)70 21 17 12
or
Mats Körner, President Design & Development
+46 (0)733-98 91 40
or
Semcon AB
Anders Atterling, IR manager
+46 (0)704 47 28 19

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