28 February 2012 at 8.30 a.m.
INCAP AND NEW ENERGY SOLUTIONS PROVIDER THE SWITCH TO START COOPERATION
Incap Corporation has signed a cooperation agreement with the wind turbine component supplier The Switch Engineering Ltd (The Switch). Incap manufactures stator components to The Switch for their new wind generator model. The first deliveries will begin from Incap's Vaasa factory in March 2012.
The Switch is a leading supplier of megawatt-class permanent magnet generator and full-power converter packages that effectively capture power from highly variable new energy sources like wind and solar. The company has 5,500 MW worth of installed wind power capacity.
Jari Koppelo, director of Incap's business unit Energy efficiency, is satisfied with the agreement: "The Switch is a well-known player in the wind power industry and we are very excited to get the manufacturing partnership under way. The Switch has good growth prospects and markets for these products are worldwide. Along with the agreement, we will expand our electric machine components manufacturing in line with our strategy, and can make use of our know-how on renewable energy products. "
Pertti Kurttila, VP Supply Chain at The Switch: "We are very happy to sign this partnership agreement with Incap. We believe that the cooperation will enable us to continue to meet market demand and to ensure high-quality and competitive customer deliveries. "
Sami Mykkänen, President and CEO, tel. +358 40 559 9047
Jari Koppelo, Business unit director, tel. +358 40 347 2092
Hannele Pöllä, Director, Communications and IR, tel. +358 40 504 8296
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 include leading equipment suppliers in energy efficiency and well-being technologies, for which the company produces competitiveness as a strategic partner. Incap has operations in Finland, Estonia, India and China. The Group's revenue in 2011 amounted to EUR 68.9million, and the company currently employs approximately 730 people. Incap's share is listed on the NASDAQ OMX Helsinki. Additional information: www.incap.fi.
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Source: Incap Oyj via Thomson Reuters ONE