Stock Exchange & Press Releases 1999

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Elektrobit Group Oyj - JOT AUTOMATION GROUP PLC STRENGTHENS ITS SALES NETWORK IN EUROPE

July 15, 1999

JOT AUTOMATION GROUP PLC STRENGTHENS ITS SALES NETWORK IN EUROPE


JOT Automation Group Plc and Seremap S.A., a French manufacturer and distributor of conveying systems and handling equipment, mainly focused on the electronics industry, to-day signed a collaborative agreement concerning the sales, marketing and After Sales ser-vices of JOT Automation Group's products and turnkey systems especially in France, Spain, Belgium and Maghreb.

'This new agreement will expand JOT Automation Group's sales and marketing network on the growing European market. Seremap's good customer contacts are now available to JOT Automation', says JOT Automation Groupīs CEO Jorma Terentjeff.

Seremap was established in 1991. The company has grown rapidly during past few years and itīs turnover in 1998 was above 9,5 million of euro (growth in 1998 was 35 %). In the end of 1998 Seremap had 52 employees.

JOT Automation Group specializes in manufacturing and marketing production automation for the electronics industry. The group has subsidiaries in eight countries. On March 31, 1999 the group employed 502 people and its net sales from 1 st January to 31 st March 1999 totalled 27,6 million of euro. The compa-ny's shares are listed in the Helsinki Stock Exchange.

Oulunsalo, July 15, 1999

JOT Automation Group Plc, Board of director
Jorma Terentjeff, President, CEO