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Okmetic Oyj (HEL:OKM1V) Okmetic invests six million euro in its sensor wafer business during 2009. The investment is part of the company's strategic development programme that aims to double sensor wafer sales from the current 25 million to 50 million euro in four years. Reaching this goal requires 15 million euro total investments as well as investments in product development. The projected growth would make sensor wafers Okmetic's biggest product segment.
The investment decision supports Okmetic's strategy whereby the company aims to focus more strongly on its core business: crystal technology and sensor wafers. The company has specifically developed SOI (silicon-on-insulator) wafers, the demand for which has grown substantially in the last couple of years. In addition to the two new SOI wafer products launched in the last year, the company is planning to introduce several other new products.
These investments help Okmetic to strengthen its global market leadership in silicon-based sensor wafers and technology. Okmetic's customers already include the most important sensor manufacturers in North America, Europe and Japan.
The increase in the popularity of sensor applications is expected to continue. In addition to the automotive industry and other traditional markets, sensor applications are also believed to feature increasingly in cameras and other consumer electronics products.
OKMETIC OYJ
Antti Rasilo President
For further information, please contact: President Antti Rasilo, Okmetic Oyj, tel. +358 9 5028 0232, email: antti.rasilo@okmetic.com
OMX Nordic Exchange Principal media www.okmetic.com
OKMETIC IN BRIEF
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Okmetic is a technology company which supplies tailor-made silicon wafers for sensor and semiconductor industries and sells its technological expertise. Okmetic provides its customers with solutions that boost their competitiveness and profitability.
Okmetic's silicon wafers are part of a further processing chain that produces end products that improve human interaction and quality of life. Okmetic's products are based on high-tech expertise that generates added value for customers, innovative product development and an extremely efficient production process.
Okmetic has a global customer base and sales network, production plants in Finland and the US and contract manufacturers in Japan and China.
Okmetic's shares are listed on OMX Nordic Exchange under the code OKM1V. For more information on the company, please visit our website at www.okmetic.com.
