STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Mycronic AB (publ), has received an order for a mask writer replacing an older system for manufacturing of display photomasks from a customer in Asia. It is estimated that the system will be delivered during the third quarter of 2016.
Mycronic (STO:MYCR) 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 production 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.
”This is the second order for a mask writer to be delivered in exchange for one of the customer´s older systems. The mask writer is scalable, which provides the customer with 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 order confirms that our replacement offering addresses several of the challenges that our customers are facing.”
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.
About Mycronic AB
Mycronic AB is a Swedish high-tech company engaged in the development, manufacture 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 and was submitted for publication at 08.00 on 4 August, 2015.
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