Glaston Oyj Abp - Company Announcement

Glaston invests in nanotechnology company

Helsinki, Finland, 2015-11-26 07:30 CET (GLOBE NEWSWIRE) -- GLASTON CORPORATION
     STOCK EXCHANGE RELEASE             26 November 2015 at 8.30 


Glaston invests in nanotechnology company

As a leading company in glass processing technologies, Glaston Corporation is
taking a new step with an investment in a California-based nanotechnology
company that develops new glass technology solutions. Glaston will acquire 12
per cent of the company’s shares and serve as the preferred equipment partner.
In addition, Glaston has agreed on the delivery of engineering resources and
equipment to the company in the value of over EUR 2 million. The engineering
resources and equipment will be delivered during 2016. 

The first smart glass production lines related to this new nanotechnology
solution are expected to be ready for commercial use in around 2020 at the
latest. Glaston will be the exclusive supplier of thin glass heat treatment
furnaces with respect to these production lines. 



For further information, please contact:
Glaston Corporation
President & CEO Arto Metsänen, tel. +358 10 500 6100
Chief Financial Officer Sasu Koivumäki, tel. +358 10 500 500







GLASTON CORPORATION
Agneta Selroos
Communications Director
phone +358 10 500 6105



Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide
high-quality heat treatment machines and services for architectural, solar,
appliance and automotive applications. We are committed to our customers’
success over the entire lifecycle of our offering. Moreover, we continuously
innovate and develop technologies to enable the glass processing industry to
reach ever higher standards in quality and safety. Glaston's shares (GLA1V) are
listed on the NASDAQ OMX Helsinki Ltd. in Finland. For more information, please
visit: www.glaston.net 


Distribution: Helsinki Stock Exchange, key media, www.glaston.net