Mycronic AB: Mycronic receives order for a mask writer based on the replacement strategy

STOCKHOLM--()--Regulatory News:

Mycronic AB (publ), has received yet another order for a mask writer, built on the Prexision platform, replacing an older system for manufacturing of display photomasks. The system, sold to a customer in Asia, is scheduled to be delivered during the second half of 2016.

Mycronic offers mask writers for the manufacturing of photomasks within different fields of application. These areas are display manufacturing (for TV, smart phones and tablets among other things) and applications within the multi-purpose market, a broad segment comprising many different application areas.

Ever since the mid 1990s, Mycronic has been delivering mask writers for production of photomasks that are necessary in the manufacturing process for all flat screen displays. Mycronic occupies a unique position as the only supplier in the world of equipment for manufacturing of advanced photomasks. Since the year 2000, Mycronic has delivered approximately 65 mask writers for display applications. A little more than half of these are 10 or more years old. Maintaining these systems is increasingly a challenge. Some of Mycronic's customers with older mask writers also need to modernize their roduction equipment.

To offer customers a wider choice, Mycronic has established a replacement strategy to address the needs described above. Mycronic offers a scalable system, built on the Prexision platform, in exchange for an older system. This offering allows customers to increase productivity. At the same time a long-term service solution is secured for the customer.

”Our customer needs to secure an effective photomask production and has decided to exchange one of the older systems. Through our replacement offering the customer gets a scalable mask writer, which provides the possibility to further upgrade the mask writer later on,” says Magnus Råberg, Senior VP & General Manager for business area PG at Mycronic AB. ”It is gratifying to see how well our replacement strategy meets customers' needs. Over the past seven months, we have received three orders from our customers in Asia”.

The price level for a replacement mask writer built on the Prexision platform is normally in the range of USD 12–16 million depending on the configuration and type of machine traded in.

Contacts at Mycronic:

Magnus Råberg
Sr VP & General Manager PG
Tel: +46 8 638 52 00
magnus.raberg@mycronic.com

Per Ekstedt
CFO
Tel: +46 8 638 52 00
per.ekstedt@mycronic.com

About Mycronic AB
Mycronic AB is a Swedish high-tech company engaged in developing, manufacturing and marketing of production equipment for the electronics industry. Mycronic headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany Japan, Singapore, South Korea, the Netherlands, United Kingdom and the United States. For more information see our web site at: www.mycronic.com

Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.

The information is of the type that Mycronic is required to disclose under the Financial Instruments trading Act and/or the Swedish Securities Markets Act. The information was submitted for publication on 31 August, 2015.

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Contacts

Mycronic AB
Magnus Råberg, +46 8 638 52 00
Sr VP & General Manager PG
magnus.raberg@mycronic.com
or
Per Ekstedt, +46 8 638 52 00
CFO
per.ekstedt@mycronic.com

Contacts

Mycronic AB
Magnus Råberg, +46 8 638 52 00
Sr VP & General Manager PG
magnus.raberg@mycronic.com
or
Per Ekstedt, +46 8 638 52 00
CFO
per.ekstedt@mycronic.com