SinterCast Annual General Meeting 2012

Press Release
For Immediate Distribution

[Stockholm, 25 May 2012] - The SinterCast AB (publ) Annual General Meeting (AGM)
was  held  on  24 May  2012 in  Stockholm.   During  the AGM, presentations were
provided  by Mr Drew Winter, Editor-in-Chief of  WardsAuto World and by Dr Steve
Dawson,  President & CEO.   The recorded presentations  will be available on the
SinterCast website on or before Wednesday 30 May.

Mr  Winter provided a warm and insightful overview of the history of new product
development in the automotive industry.  With references to the initial euphoria
that  surrounded technologies  such as  plastic body  panels in  the 1980's, and
better-known  technologies  such  as  all-aluminium  vehicles,  biofuels and the
recent  focus on vehicle  electrification, Mr Winter  showed that many promising
new  technologies never reach the production stage,  and if they do, they rarely
live  up to  the initial  technical claims.   The successful establishment a new
technology  in the competitive  and conservative automotive  industry requires a
combination  of technical  innovation, credibility,  determination and patience.
 Mr  Winter  acknowledged  that  SinterCast  had  brought  this  combination  of
attributes  to the  industry and  had succeeded  to establish Compacted Graphite
Iron  as a viable high volume production material, and SinterCast as a respected
brand.    In closing, Mr Winter shared  his experiences of road testing the Ford
Super-Duty  pick-up  truck,  powered  by  a  6.7 litre  V8  diesel engine with a
SinterCast-CGI  cylinder block, referring to the  the new Power Stroke engine as
"a magnificent piece of machinery, arguably the finest heavy-duty pick-up diesel
of  the modern era"  and congratulated SinterCast  and its shareholders on their
contribution to the success of the engine.

During  the CEO presentation,  Dr Dawson presented  an overview of recent market
activities   and   provided   an   outlook  for  SinterCast's  potential  market
development.   Dr  Dawson  noted  that,  since  the  fourth quarter of 2011, the
annualised  series production had stabilised, but that this was primarily due to
changes in two programmes and that the overall growth trend and outlook remained
positive.   Dr Dawson  noted that  series production  grew by 19% since the last
AGM, from 1.3 million Engine Equivalents to 1.6 million Engine Equivalents, that
the  compound annual growth rate over the  past five years was 30%, and that the
components  that are currently  in series production  have a mature potential of
more than two million Engine Equivalents.  Putting this growth into perspective,
Dr  Dawson  stated  that  SinterCast  required  more  than 20 years to break the
annualised  one  million  Engine  Equivalent  barrier  in October 2010 and, with
positive  overall market conditions, the two million Engine Equivalent milestone
could fall before the next AGM.  Beyond the current series production, Dr Dawson
identified  near-term growth  opportunities for  CGI, including increased diesel
penetration in North America, new commercial vehicle engine commitments in Asia,
the  application of CGI for  the first high volume  petrol engine, and continued
demand   for   new   installations,  particularly  in  Asia.   Although  no  new
installation commitments have been secured prior to the AGM, the Company targets
at least three new installations before year-end.

Dr  Dawson noted  that the  global development  intensity for  CGI had increased
significantly  over the  past year  and that  SinterCast had  used its financial
strength  to expand  the commercial  and technical  resources of  the company in
order  to  position  itself  for  future  growth.   The expansion from 15 to 20
employees since the last AGM results in an increased expense level, particularly
during  2012 due to establishment costs for  recruiting and new offices in China
and Korea.  However, the improved market presence and the additional development
resources  are  a  key  part  of  the overall strategy of expanding SinterCast's
technical  offering, promoting new CGI  applications and securing new production
opportunities,  and ultimately of realising the longstanding goal of millions of
SinterCast-CGI vehicles on the roads.

During  the AGM, Ulla-Britt Fräjdin-Hellqvist,  Aage Figenschou, Andrea Fessler,
Robert Dover, Laurence Vine-Chatterton and Steve Dawson were re-elected as Board
members.   Ulla-Britt Fräjdin-Hellqvist  was re-appointed  as Chairman  and Aage
Figenschou was re-appointed as Vice-Chairman.

The AGM also decided upon the constitution of the Nomination Committee until the
next  AGM,  comprised  of  returning  members  Ulla-Britt  Fräjdin-Hellqvist and
Torbjörn  Nordberg.  Karl-Arne  Henriksson was  elected as  a new member.  After
serving  on the Nomination Committee since  2007, Lars Ahlström retired from the
Nomination  Committee and  was acknowledged  and thanked  for his service by the
shareholders.   All  of  the  proposals  presented  to  AGM were approved by the

For and on behalf of the Board of Directors:

Ulla-Britt Fräjdin-Hellqvist                 Steve Dawson

Chairman                                     President & CEO

Tel:    +46 8 660 7750                       Tel:    +46 8 660 7750

e-mail: e-mail:

SinterCast is the world's leading supplier of process control technology for the
reliable  high volume production of Compacted Graphite Iron (CGI). With at least
75% higher  tensile strength, 45% higher stiffness  and approximately double the
fatigue strength of conventional grey cast iron and aluminium, CGI allows engine
designers  to improve  performance, fuel  economy and  durability while reducing
engine  weight, noise and  emissions. The SinterCast  technology is used for the
production  of more than 50 CGI components,  ranging from 2 kg to 17 tonnes, all
using  the same proven process control technology.  The end-users of SinterCast-
CGI  components include  Aston Martin,  Audi, Cameron  Compression, Caterpillar,
Chrysler,   DAF  Trucks,  Ford,  Ford-Otosan,  General  Electric  Transportation
Systems,  General Motors, Hyundai,  Jaguar, Jeep, Kia,  Lancia, Land Rover, MAN,
Navistar,  Porsche, PSA Peugeot-Citroën, Renault, Rolls-Royce Power Engineering,
Scania, Toyota, VM Motori, Volkswagen, Volvo and Waukesha Engine. The SinterCast
share  is  quoted  on  the  Small  Cap  segment of the NASDAQ OMX stock exchange
(Stockholmsbörsen: SINT). For more information:


Documents & Links