KMT Company enters partnership in the US with new large customer

KMT Company enters partnership in the US with new large customer The KMT Company UVA International has been appointed a new partner by one of the world's largest system suppliers within the automotive industry. The cooperation concerns precision grinders used in the production of vital engine components. Agreement regarding considerable deliveries to the customer's plants in the US and in Europe has been made and initial orders have been placed. The deal will contribute considerably to UVA's turnover during the next few years. -Our strong position in the field of precision grinding systems for fuel injection components has made it possible for us to expand into a new segment, says Johan Söderström, President of UVA. Both these segments finally aim for improved fuel economy and lower emissions, areas with great potential. "We now see results from our focused efforts on the US market made by the KMT Companies", says Björn Kumlin, CEO of KMT. "Our subsidiary Lidköping Machine Tools, just recently, also presented a new American partnership. The brake-throughs made on the US market will strengthen our long-term growth. Mr Björn Kumlin also states that for UVA the deal comes timely since some of the company's customers in the segment of fuel injection, as shown in KMT´s quarterly reports, have cut down investments. For further information, please get in touch with: Björn Kumlin, CEO, Karolin Machine Tool AB Tel +46 8 594 211 50 / +46 70 587 26 60 e-mail: bjorn.kumlin@kmt.se Johan Söderström, President, UVA International AB Tel +4 8 634 75 00 / + 46 733-34 75 50 Karolin Machine Tool (KMT) marknadsför, utvecklar, och tillverkar avancerade produktionsmaskiner och systemlösningar för verkstads- industrin inom segmenten Precisionsslipning, Plåtbearbetning och Rörformning. KMT är noterad på OM Stockholmsbörsens O-lista. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/09/18/20020918BIT00850/wkr0001.doc http://www.waymaker.net/bitonline/2002/09/18/20020918BIT00850/wkr0002.pdf