LPKF Laser & Electronics AG

EANS-News: LPKF creates space for development and production

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Research & Development/Expansion

Garbsen (euro adhoc) - Hannover, 17 March, 2011 - The LPKF AG headquarters is bursting at the seams. The laser technology of the Garbsen machine builder is in such high demand worldwide that the company hired more than 100 new employees during the past two years. LPKF is now significantly expanding its space, adding a building and combining the Garbsen development departments there.

"We were in the middle of planning a new building on our property when we received an offer to purchase the building next door. So of course we seized the opportunity. Now we just need to remodel and will be ready to move in this June", states Dr. Ingo Bretthauer, CEO at LKPF Laser & Electronics AG. After two extremely positive business years the corporate staff grew from 350 in 2009 to currently more than 470 employees - and LPKF continues to offer interesting jobs for qualified workers.

The neighboring building purchased in January is currently being renovated and connected with the company´s existing complex. So as of June this will give us an additional 3,000 square meters (32,000 square feet) of space. LPKF will be combining the R&D departments there and will be using the freed up space in the old building for manufacturing laser systems. The investment amounts to about 5 million Euros.

About LPKF LPKF Laser & Electronics AG manufactures machines and laser systems used in electronics fabrication, medical technology, the automotive sector, and the production of solar cells. Around 20 percent of the workforce is engaged in research and development.

end of announcement                               euro adhoc
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Contact:

LPKF Laser & Electronics AG
Bettina Schäfer, Investor Relations
Tel: (05131) 7095-382

Branche: Semiconductors & active components
ISIN: DE0006450000
WKN: 645000
Index: CDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
München / free trade


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