AGM Information • May 24, 2012
AGM Information
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[Stockholm, 24 May 2012] – At the SinterCast AB (publ) Annual General Meeting (AGM) to be held later today, SinterCast will present a positive market outlook, with continued series production growth, and new opportunities for series production commitments and new installations.
Specifically, the CEO presentation will note that, although the annualised series production has stabilised since the fourth quarter of 2011, the components that are currently in series production have a mature potential of more than two million Engine Equivalents. Beyond the current series production, further growth opportunities are expected with increased diesel penetration in North America, new commercial vehicle engine commitments in Asia, the application of CGI for the first high volume petrol engine, and continued demand for new installations, particularly in Asia. Although no new installation commitments have been secured prior to the AGM, the Company targets at least three new installations before year-end. The Company will also take the opportunity of the AGM to present the establishment of its new local companies in China and Korea.
For and on behalf of the Board of Directors:
Dr Steve Dawson President & CEO Tel: +46 8 660 7750 e-mail: [email protected]
SinterCast is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). With at least 75% higher tensile strength, 45% higher stiffness and approximately double the fatigue strength of conventional grey cast iron and aluminium, CGI allows engine designers to improve performance, fuel economy and durability while reducing engine weight, noise and emissions. The SinterCast technology is used for the production of more than 50 CGI components, ranging from 2 kg to 17 tonnes, all using the same proven process control technology. The end-users of SinterCast-CGI components include Aston Martin, Audi, Cameron Compression, Caterpillar, Chrysler, DAF Trucks, Ford, Ford-Otosan, General Electric Transportation Systems, General Motors, Hyundai, Jaguar, Jeep, Kia, Lancia, Land Rover, MAN, Navistar, Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power Engineering, Scania, Toyota, VM Motori, Volkswagen, Volvo and Waukesha Engine. The SinterCast share is quoted on the Small Cap segment of the NASDAQ OMX stock exchange (Stockholmsbörsen: SINT). For more information: www.sintercast.com
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