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Daeshin Engineering & Machinery Co., Ltd. adopts SinterCast technology for CGI Product Development

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  * Product development for industrial power and marine applications
  * Mini-System 3000 to be commissioned during June 2011

[Stockholm, 17 May 2011] - Daeshin Engineering & Machinery Co., Ltd, one of
South Korea's leading providers of castings, forgings and engineering services
to the industrial power and marine industries, has entered into a technology
supply agreement with the Swedish process control specialist SinterCast for the
development of Compacted Graphite Iron (CGI).  Under the terms of the agreement,
SinterCast will supply a Mini-System 3000 process control system, related
hardware, and engineering service to support the establishment of a robust CGI
production process.  The Mini-System 3000 will be commissioned during June 2011.

"Approximately 15% of SinterCast's current series production volume is derived
from components other than automotive cylinder blocks and heads.  This agreement
with Daeshin extends our ability to identify and support new product
opportunities in the industrial power sector" said Dr Steve Dawson, President &
CEO of SinterCast.  "The agreement with Daeshin marks our fourth foundry
customer in the important Korean market and also represents the ninth
installation of our Mini-System derivative that was introduced in September
2004.  We look forward to supporting the product development activities at
Daeshin and to exploring new CGI opportunities as the global industrial power
industry develops more powerful, fuel efficient and environmentally friendly
engines."

Dr. Steve Dawson

President & CEO

SinterCast AB (publ)

Tel:    +46 8 660 7750

e-mail: steve.dawson@sintercast.com





Daeshin Engineering & Machinery Co., Ltd, located in Busan, South Korea, is one
of Korea's leading providers of iron and steel castings, forgings, assembled
components and engineering services to the global industrial power and marine
industries.  Established in 1994 for the assembly and mounting of large marine
diesel engines, Daeshin has continuously expanded its product range to include
bearings, fuel pumps, fuel valves, fuel injectors, cylinder liners and piston
crowns.  Daeshin collaborates with international customers and technology
partners such as AVL, MAN, Sulzer and Vestas to provide assembly, mounting,
maintenance and dynamometer testing of 2-stroke and 4-stroke industrial power
engines. For more information: http://www.daeshineng.com/ENG/main/main.html


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 40 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, Caterpillar, Chrysler, DAF Trucks,
Ford, Ford-Otosan, General Electric Transportation Systems, General Motors,
Hyundai, Jaguar, Kia, Land Rover, MAN, Navistar, Porsche, PSA Peugeot-Citroën,
Renault, Rolls-Royce Power Engineering, Scania, Toyota, Volkswagen, VM Motori,
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: http://www.sintercast.com

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