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SMT Scharf AG

SMT Scharf AG acquires two new orders from China

Hamm (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
industry/order
January 27, 2009 - SMT Scharf AG (German
Securities Code (WKN) 575198, ISIN DE0005751986), technology and 
world market leader for rail-bound railway systems for the mining 
sector, has acquired two new orders from China. The two orders have a
total value in excess of EUR 2 million and are to be shipped during 
the current fiscal year 2009.
A hard coal mine in Shandong province on China's east coast has 
ordered a DZ 1800 train. This is primarily to be used to move face 
equipment underground together with another DZ 1800 train which the 
mine ordered in September 2008. Excellent experience from the very 
outset with SMT Scharf's successful transport technology quickly 
convinced this customer to also order the second train that it needed
from the company. This mining group has more than 40 hard coal mines 
in Shandong and other provinces in China.
Another hard coal mine in the northern province of Shanxi ordered two
rack-and-pinion trains. SMT Scharf had presented this product for the
first time in November 2007 at the mining technology and equipment 
fair China Coal & Mining Expo 2007. Russian customers began to order 
this future-proof technology since May 2008, and SMT Scharf has now 
also been able to place it in China for the first time. This customer
decided to use a rail-bound rack-and-pinion railway due to the 
unfavorable geology in this mine and the heavy weights of up to 27 
tons that have to be transported underground. Other mines in the same
group have already been using SMT Scharf's monorail hanging railways 
since 2003.
"We are very pleased to have acquired our first Chinese reference 
customer for our highly flexible rack-and-pinion railway," commented 
Dr. Friedrich Trautwein, SMT Scharf AG's CEO. "We continue to have 
great expectations for this technology in future. Chinese customers 
in particular attach great importance to their equipment´s 
reliability in operations, and that is precisely what SMT Scharf's 
trains stand for." Trautwein added: "That is why we believe that 
there is significant growth potential for the coming years for SMT 
Scharf, in particular in countries such as China, Russia and South 
Africa, where mining will continue to be a key element of their 
economic development."
Company profile
The SMT Scharf Group develops, builds and maintains rail-bound 
railway systems for mining and use in tunnels. The trains are used 
all over the world, primarily in hard coal mines, gold mines and in 
underground mining for platinum, diamonds, copper and nickel. They 
are used to transport material and personnel with working loads of up
to 35t. Rail-bound trains are the only means of transport that can be
used underground on branching lines to cope with inclines of more 
than 13 degrees. The SMT Scharf Group has subsidiaries in Germany, 
Poland, South Africa, China and Russia, as well as agencies around 
the world. The railways developed by SMT Scharf are characterized, 
above all, by high-performance engines, high working loads, high 
speed and low operating and maintenance costs. SMT Scharf records 
more than 70% of its revenues over the course of the year on 
high-growth foreign markets, such as Russia, China and South Africa. 
The replacement parts and repairs business constitutes around 50% of 
revenues. The advances in exploitation of resources make underground 
conditions increasingly difficult which in turn requires more high 
technology transport solutions in mining. The total market for 
underground transport technology comprises around EUR 5 billion to 
EUR 7 billion per year according to company estimates. SMT Scharf AG 
has been listed in the Prime Standard (regulated market) of the 
Frankfurt Stock Exchange since April 11, 2007.
end of announcement                               euro adhoc

Further inquiry note:

Investor Relations
cometis AG
Susanne Gremmler
Tel.: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66
e-mail: gremmler@cometis.de

Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse München / free trade

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