SIMTRONICS BOOKS TECHNOR COSTS IN Q1

Reference is made to today’s stock exchange release on the EGM held on 4 May 2009.

The preparations for the planned acquisition of Technor AS’ activities and the proposed capital increase aimed at facilitating the acquisition have consumed considerable management time as well as significant non-recurring costs over recent months.

The costs will appear in full in the accounts for the first quarter. Sales in the first quarter will be lower than anticipated, while the gross margin is expected to remain stable. Simtronics’ first quarter results will be published on 22 May 2009.

For further information, please contact:

Rune Martini, CEO, Simtronics ASA
Phone +47 48 07 80 80


Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics' flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products, solutions and systems are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics' heritage goes back to 1948.