Corporate | 24 January 2007 14:10
Manz Automation AG / Miscellaneous Corporate news transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Reutlingen, January 24, 2007. Manz Automation AG is one of the world's leading producers of automation, quality assurance and laser process technology systems for the photovoltaic and LCD industry and is significantly expanding its Reutlingen facility. As a result of the company’s dynamic growth, it is planning to build an additional production hall including an office area by September 2007. The building will house approx. 150 employees. In order to reduce the amount of capital locked up, Manz Automation AG will lease the new land and buildings. 'As a result of our continued strong order book we are expanding our home base two years earlier than originally planned,' commented CEO Dieter Manz, and added: 'This allows us to create new jobs for engineers and specialists, and also to process additional orders – further growing both our sales and income.' The new facility has a total area of approx. 11,200 m², the building will have a usable area of approx. 4,800 m². The lessor is expected to invest a total of EUR 3.5 – 4.0 million. Company profile Manz Automation AG develops and manufactures systems and components for automation, quality assurance and laser process technology. The company's core competences are to be found in robotics, image processing, laser technology and control technology. Manz Automation AG thus unites bundled expertise from elementary technology areas to achieve optimum results for its customers. The company has three divisions: photovoltaic (systems.solar), LCD (systems.lcd) and components and OEM systems (systems.aico) for automation in various sectors of industry. In addition, Manz Automation AG is planning to equip laboratory systems in the pharmaceuticals and life science sector with its technology (systems.lab). Reutlingen-based Manz Automation AG was formed in 1987 and has branches in the USA, Taiwan, Korea, China and Hungary. In fiscal year 2005 the Manz group recorded total operating revenue totaling around EUR 32 million, up approx. 20% year-on-year. More than 60% of revenues are recorded abroad, in particular in Asia. Shares of Manz Automation AG have been listed on the Frankfurt Stock Exchanges Entry Standard with ISIN DE000A0JQ5U3 or WKN (German Securities Code) A0JQ5U since September 22, 2006. Investor relations contact Manz Automation AG Birte-Christina Benecke Tel.: +49 (0)7121 – 9000-21 Fax: +49 (0)7121 – 9000-99 E-mail: bbenecke@manz-automation.com cometis AG Ulrich Wiehle Tel.: +49 (0)611 – 205855-11 Fax: +49 (0)611 – 205855-66 E-mail: wiehle@cometis.de DGAP 24.01.2007 ----------------------------------------------------------------------