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4/16/2008 Obducat signs agreement concerning HDD mass production worth 66 MSEK
OBDUCAT, the leading supplier of lithography solutions based on NanoImprint Lithography and Electron Beam Lithography is pleased to announce that an agreement has been signed with one of the leading global HD media manufacturer concerning SINDRE HDD (Hard Disk Drive) mass production system.
The scope of the agreement concerns a collaboration leading to a customized production ready SINDRE HDD system. As a result of the agreement a purchase order for the first SINDRE HDD system is to be issued no later than end of April at an end-user value of 36 MSEK.
The agreement also includes an option for the customer to purchase an additional SINDRE HDD system as well as an EBR system at a tentative end-user value of additionally 30 MSEK in total.
“This represents a major breakthrough for Obducat. We have dedicated a tremendous amount of efforts within the field of hard drive media technology for several years and this agreement means that we will now go in to a close collaboration together with a major player in the industry. The underlying potential in this agreement is of significant magnitude and the global market potential within HDD industry exceeds 300 SINDRE HDD systems within the next five years.”, says Patrik Lundström, CEO of Obducat AB.
Delivery of the first Sindre HDD system is scheduled to the first half of 2009.
“This agreement concludes a major step forward in our strategy to establish ourselves as the leading supplier of NIL technology in three of our core focused application areas i.e. hard disk media, LED and displays.”, says Henri Bergstrand, Chairman of the Board of Obducat AB.
The end-customer have in the agreement requested that the name of the company is not to be disclosed due to competetive reasons. The content of this press release has been approved by the end customer.
Owing to the ongoing issue of convertibles, and the additional significant information in this press release, Obducat will submit an additional prospect to the Financial Supervisory Authority tomorrow at the latest.
Obducat is required under the Securities Markets Act to make public the information in this press release. The information was submitted for publication at 09.25 am CET on 16 April 2008.
For additional information please contact:
Henri Bergstrand, Chairman of the Board, Obducat AB
+46 (0)40 – 36 21 00
+46 (0)708 – 88 72 45
Patrik Lundström, CEO, Obducat AB
+46 (0)40 – 36 21 00
+46 (0)703 – 27 37 38
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