NovaCast receives CGI order in Turkey

NovaCast receives CGI order in Turkey

NovaCast's subsidiary NovaCast Foundry Solutions AB has received an
order to install a special version of NovaCast's patented Graphyte Flow®
system for production of castings in CGI.  The system was ordered by one
of Turkey's largest foundries.

The foundry is one of Turkey's largest foundries with an annual
production of approximately 80.000 tonnes. Their customers are mainly
among leading automotive companies in Europe. The foundry has made a
strategic decision about production of CGI, intended to take place with
existing production equipment. For competitive reasons the customer has
requested to remain anonymous until marketing of CGI capacity can
commence.

  

NovaCast Technologies, listed on the NASDAQ OMX Stockholm Small Cap list
(NCAS B), develops and markets enhanced castings for the production of
car body parts, as well as software for methoding, simulating and
process control for more efficient production processes to the global
automotive industry and its subcontractors. With the Camito technology
enhanced castings are manufactured in one solid piece for the production
of dies for forming and stamping automotive body components in a
considerably shorter time than traditional dies. Through die
manufacturer SwePart Verktyg the group has expertise within the whole
value chain for the production and sales of stamping dies.

  

For further information from NovaCast contact Hans Svensson, CEO
NovaCast Technologies AB,  +46 705 652 250.

 

See www.novacast.se