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Winterthur Technologie AG

euro adhoc: Winterthur Technologie AG
Strategic management decisions / Winterthur Technology Group reports good development

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
21.11.2007
The Winterthur Technology Group (WTG) has extended the service 
agreement of its CEO, Dr. Edgar Rappold. The order backlog has 
increased by 46% compared to yearend 2006. The group continues its 
expansion into CEE and Asian markets.
Zug, November 21, 2007
The Board of Directors of Winterthur Technology Ltd. has decided on 
19/11/2007 to extend the service agreement of its CEO, Dr. Edgar 
Rappold, which otherwise would have expired at the end of 2007. 
Conditions are unchanged. The order backlog as at 30/09/2007 shows an
increase of 46 percent compared to yearend 2006. This is based on 
organic growth only and free of any consolidation effect with the 
Wendt Group. The integration of this acquisition is according to 
plan. First positive results will be seen in 2008 sales. The new 
production unit in China will start manufacturing in the first 
quarter of 2008.
The strong order intake of the group will safeguard the guidance as 
to the financial year 2007. The optimism for 2008 is supported by 
newly founded sales subsidiaries in Thailand, Korea as well as 
Romania and Bulgaria.
Profile Winterthur Technology Group (WTG), a leading international 
provider of complex abrasive technology, is headquartered in Zug and 
manufactures in Switzerland, Germany, Austria, Sweden, Belgium, the 
USA and Russia. It holds a 40-percent stake in the publicly listed 
Wendt (India) Ltd.  WTG is a holding company under Swiss law which is
listed on the SWX Swiss Exchange. It has 1500 employees and in 2006 
would have achieved sales of approximately EUR 202 million including 
the Wendt Group acquired 26/6/2007. Working closely with clients, the
company develops and produces complex high-margin, high-tech abrasive
technology consumables, primarily bonded abrasive wheels used in the 
automotive, turbine, tool and steel industry. The Group´s main brands
are Winterthur, Wendt, Rappold and SlipNaxos. WTG´s products - 
vitrified grinding wheels, resin bonded grinding wheels, cut-off 
wheels, diamond and CBN grinding and dressing tools and tool grinding
machines - are sold in all the relevant European markets, as well as 
in North and South America and Asia.
Disclaimer This press release does not constitute an offer or 
invitation to subscribe for or purchase any securities. This press 
release does not constitute a prospectus within the meaning of 
Article 652a of the Swiss Code of Obligations or within the meaning 
of the listing rules of SWX Swiss Exchange. It is not being issued in
countries where the public dissemination of the information contained
herein may be restricted or prohibited by law. In particular, this 
press release is not being issued in the United States of America and
should not be distributed to United States persons or to publications
with a general circulation in the United States. Any non-compliance 
with such restrictions may result in an infringement of United States
securities laws. Securities of Winterthur Technologie AG, Zug, have 
not been registered under the United States securities laws and may 
not be offered, sold or delivered within the United States or to U.S.
persons absent registration under or an applicable exemption from the
registration requirements of the United States securities laws.
This press release contains forward-looking statements based on the 
currently held beliefs and assumptions of the management of 
Winterthur Technologie AG, Zug. Actual results may differ materially 
from such forward-looking statements which will not be updated.
end of announcement                               euro adhoc 21.11.2007 17:35:00

Further inquiry note:

Dr. Edgar Rappold, delegate and CEO
Markus Brütsch, CFO

Phone: +41 52 234 41 41
E-mail: ir@winterthurtechnology.com
Fax: +41 52 234 41 06
www.winterthurtechnology.com

Branche: Technology
ISIN: CH0021892606
WKN: 2189260
Börsen: SWX Swiss Exchange / official market

Plus de actualités: Winterthur Technologie AG
Plus de actualités: Winterthur Technologie AG