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KYRO FOUNDS NEW TOOLS COMPANY FOR GLASTON TECHNOLOGIES

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Kyro Corporation           PRESS RELEASE       16 January, 2006 14.00 p.m.


KYRO FOUNDS NEW TOOLS COMPANY FOR GLASTON TECHNOLOGIES

A new company has been founded to complement Kyro Group's main business area,
Glaston Technologies. DiaPol S.r.l manufactures tools meant for glass and stone
pre-processing.

DiaPol continues and expands the existing Tools division operations of Z.
Bavelloni, a part of Glaston Technologies. The main reason for the incorporation
is Glaston Technologies´ wish to develop and grow the tools business. The growth
strategy of the Italian-based DiaPol is founded on expansion of the company's
product portfolio as well as its sales channels.

DiaPol will continue the manufacturing of diamond glass and stone grinding tools
under Z. Bavelloni's recognized top-quality brand. Furthermore, it has developed
a series of polishing tools alongside the grinding tools selection. Expanding its
product offering makes DiaPol the only global company in the glass and stone
processing industry manufacturing and providing both grinding and polishing
tools.

Until now, Bavelloni's Tools division has manufactured tools mainly for
Bavelloni's pre-processing machines. DiaPol manufactures tools suitable for
Bavelloni's as well as other manufacturers' machinery. Hence, tools are now
available to a wider range of customers. Bavelloni is the leading supplier of
grinding machinery. This provides the new company with a good market position, as
the synergies between Bavelloni's machinery manufacturing and the tools business
are strong.

DiaPol will sell Bavelloni tools through the worldwide Tamglass-Bavelloni sales
organization. It will also operate as a contract manufacturer of other brands,
sold through sales channels such as tools wholesalers. In addition to Italy, the
company has manufacturing in Brazil and in China, adjacent to Glaston
Technologies' glass machinery assembly factory.

Cosimo Gabriele, the Director of Bavelloni's Tools division, has been appointed
Managing Director of Diapol S.r.l.

In Helsinki, 16 January, 2006

Kyro Corporation
Pentti Yliheljo
President & CEO

Further information and investor relations:
Kyro Corporation, IR & Communications Manager Emmi Watkins,
tel. +358 400 903 260 / email emmi.watkins@kyro.fi.


Kyro Corporation is a financially solid and growing international technology
group. The Glass Machinery Group, part of the main business area Glaston
Technologies, is the global market leader in glass processing machines. Glaston
Technologies´ Glass Processing Group is the leading supplier of comprehensive
architectural glass solutions in Finland and neighbouring areas. The Group´s
Energy business consists of the environmentally friendly, local energy producer
Kyro Power.

www.kyro.fi

Distribution: Helsinki Exchanges, key media

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