Incap - Company Announcement

Incap starts manufacturing of rectifier systems for Efore Group

Incap Corporation	Press release		8 March 2007                        


Incap starts manufacturing of rectifier systems for Efore Group                 

Incap Corporation has signed an agreement with Efore Group regarding the        
manufacture of rectifier systems at Incap's Kuressaare factory. Efore's         
rectifier systems produce continuous direct current and are designed especially 
for the needs of telecommunications and industrial use. Essential functions of  
the systems include a battery control unit and remote usage possibility.        

The manufacture of rectifier systems covers customer-specific product entities, 
and also the product versions are typically tailored by order. Production will  
take place at Incap's Estonian factory, where training for the personnel has    
already started. In the beginning, this project will employ about ten new people
at Incap.                                                                       

The contract includes an expansion of manufacture, and the volumes are expected 
to increase significantly during the next few years. No new investments are     
necessary at Incap because e.g. testing equipment will be transferred from Efore
to Incap.                                                                       

Incap will start the manufacture by the end of April. ”Timetable of the project 
is very tight, but we trust in Incap's competence and professional skills to    
make it happen”, says Reijo Mäihäniemi, President and CEO of Efore Group.       

”This agreement means an expansion of our production range into new kinds of    
products and we are pleased to deliver them to international end users for      
demanding operating environment. The rectifier systems fit our strategy very    
well as they are technically demanding product entities, which are manufactured 
in different versions. We find this agreement significant for Incap, both in    
volume and as a reference”, says Juhani Hanninen, President and CEO of Incap.   


INCAP CORPORATION                                                               
                                                                                
Further information:                                                            
Petri Saari, Vice President, Sales and Marketing, tel. +358 40 777 5769         
Hannele Pöllä, Director, Communications and IR, tel. +358 40 504 8296           

INCAP IN BRIEF                                                                  
Incap Corporation is a fast-growing electronics contract manufacturer whose     
comprehensive service covers the entire product life cycle from design and      
manufacture to repair and maintenance services. The company's main customer     
sectors are leading equipment suppliers in telecommunications, electrical power 
technology, the automation and process industries as well as measurement        
technology, safety electronics and health care. The Incap Group's revenue in    
2006 amounted to EUR 89 million and the company currently employs approx. 540   
persons. Incap's share is listed on the Helsinki Stock Exchange and it is a     
component of the Nordic Small Cap list within the information technology sector.
For additional information, please visit www.incap.fi