OUTOTEC OYJ PRESS RELEASE, JULY 22, 2008 AT 9.00 AM
Outotec has sold its 17.9 percent holding of Intune Circuits Ltd, an RFID (radio frequency identification) antenna producer, to Savcor Group Ltd.
Outotec, UPM and Finnish Industry Investment established Intune Circuits in 2005. The company is the first mass producer in the world specialized in RFID antennas aiming for the global market.
The transaction has an approximately one million euro negative effect on Outotec's 2008 second quarter result.
For further information please contact:
Seppo Rantakari, Deputy CEO
tel. +358 20 5292006, +358 40 5006526
Eila Paatela, Vice President - Corporate Communications
tel. +358 20 5292004, +358 400 817198