Mycronic AB: Mycronic Receives Order for a Replacement Mask Writer

TÄBY, Sweden--()--Regulatory News:

Mycronic AB (publ) (STO:MYCR), has received another order for a mask writer, built on the Prexision platform, replacing an older system for manufacturing of display photomasks. The system is scheduled to be delivered to a customer in Asia during the second quarter, 2017.

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.

Mycronic occupies a unique position as the sole supplier in the world of equipment for manufacturing of advanced photomasks. Since the year 2000, Mycronic has delivered approximately 70 mask writers for display applications. Approximately 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 production equipment.

Mycronic offers a scalable system, built on the Prexision platform, in exchange for an older system. This allows customers to increase productivity, while at the same time securing a long term service solution.

”Yet another customer has now decided to exchange an 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.

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 system traded in.

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 26 February, 2016.

This information was brought to you by Cision http://news.cision.com

Contacts

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

Contacts

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