Incap and Aidon sign a cooperation agreement

Incap Corporation        Press release         30 May 2011 at 9 a.m.


INCAP AND AIDON SIGN A COOPERATION AGREEMENT

Incap Corporation has signed a cooperation agreement with Aidon Oy, a European
technology company specialising in smart metering and smart grid applications.
Based on the agreement, Incap becomes a supplier of electronic modules for
Aidon's next-generation energy service devices.

Incap is manufacturing the electronic modules in its factory in Kuressaare,
Estonia, and the actual volume deliveries will start in June 2011. Setting up
the production and pilot deliveries have taken place earlier this spring, so the
manufacture can be started in fast schedule.

Says Incap's Business Unit Director Jari Koppelo: "This is a great opportunity
to Incap and we are very proud for Aidon's decision to choose us as their
manufacturing partner. Aidon's business in advanced modern measuring technology
is in strong growth, and we expect this to have a positive influence on our
operations, too. Furthermore, Aidon's products are a perfect fit with our energy
efficiency strategy and very well-suited with our product portfolio."

"Next-generation energy service devices form a gateway to smart grid for energy
companies, service providers and their customers. Every energy user will soon
get a new device, and high volume installation processes do not allow any
delays. Incap is an experienced, high quality electronics manufacturer, which
can provide the reliability needed for both the products and their delivery",
says Timo Chrons, Managing director of Aidon.

Aidon Oy provides next-generation energy service devices, data communication and
system solutions, as well as services, all based on open architecture.  The
customers are major energy companies and service providers. Aidon has offices in
Finland, Sweden and Norway.

INCAP CORPORATION

Additional information:
Jari Koppelo, Business Unit Director, tel. +358 40 347 2092
Hannele Pöllä, Director of Communications and HR, tel. +358 40 504 8296

DISTRIBUTION
Principal media
The company's website: www.incap.fi


INCAP IN BRIEF
Incap Corporation is an internationally operating contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical products
from design and manufacture to maintenance services. Incap's customers are
leading equipment suppliers in energy efficiency and well-being technology, for
which the company produces competitiveness as a strategic partner. Incap
operates in Finland, Estonia, and India. The Group's revenue in 2010 amounted to
around EUR 59.2 million, and the company currently employs approximately 730
people. Incap's shares are listed on the NASDAQ OMX Helsinki Oy. For additional
information, please visit www.incap.fi







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Source: Incap Oyj via Thomson Reuters ONE

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