Glaston invests in nanotechnology company

GLASTON CORPORATION      STOCK EXCHANGE RELEASE             26 November 2015 at 8.30



Glaston invests in nanotechnology company

As a leading company in glass processing technologies, Glaston Corporation is taking a new step with an investment in a California-based nanotechnology company that develops new glass technology solutions. Glaston will acquire 12 per cent of the company’s shares and serve as the preferred equipment partner. In addition, Glaston has agreed on the delivery of engineering resources and equipment to the company in the value of over EUR 2 million. The engineering resources and equipment will be delivered during 2016. 



The first smart glass production lines related to this new nanotechnology solution are expected to be ready for commercial use in around 2020 at the latest. Glaston will be the exclusive supplier of thin glass heat treatment furnaces with respect to these production lines.



For further information, please contact: 
Glaston Corporation

President & CEO Arto Metsänen, tel. +358 10 500 6100
Chief Financial Officer Sasu Koivumäki, tel. +358 10 500 500

  

 

 

GLASTON CORPORATION
Agneta Selroos
Communications Director
phone +358 10 500 6105

 

Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide high-quality heat treatment machines and services for architectural, solar, appliance and automotive applications. We are committed to our customers’ success over the entire lifecycle of our offering. Moreover, we continuously innovate and develop technologies to enable the glass processing industry to reach ever higher standards in quality and safety. Glaston's shares (GLA1V) are listed on the NASDAQ OMX Helsinki Ltd. in Finland. For more information, please visit: www.glaston.net


Distribution: Helsinki Stock Exchange, key media, www.glaston.net  

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