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SMT Scharf AG acquires large order from Russia

Hamm (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
companies/large order
Hamm, May 22, 2007 - The SMT Scharf AG (WKN
575198, ISIN DE0005751986) has received a large order to deliver six 
derailment-proof monorail trains to the Russian Severstal group. The 
contract has a volume of more than EUR 3 million. The trains will go 
into operation in multiple Severstal mines in Northern Siberia.
Severstal is one of the top coal producers in Russia. Currently, the 
company operates seven mines in Northern Siberia. Due to the 
successful operation of SMT Scharf´s trains in one of the mines, 
Severstal now decided to use these systems to a larger extent. The 
factors of success were the drives´ long life expectancy and the 
systems´ low operating and maintenance costs.
"This contract is our largest single order for derailment-proof 
railways from Russia. It clearly proves our successful strategy to 
expand internationally", comments Dr. Friedrich Trautwein, CEO of the
SMT Scharf AG. After delivery and initial operation during the third 
quarter, the SMT Scharf AG will open a service center in Northern 
Siberia. In the first quarter of 2007 SMT Scharf generated revenues 
of EUR 9.1 million and an EBIT margin of 17.8%.
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 and South Africa, external employees in China and Russia, and 
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 50% of its revenues abroad, in 2006 64% of order 
intake was from high-growth foreign markets such as Russia, China and
South Africa. The replacement parts and repairs business constitutes 
around 55% 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.
end of announcement                               euro adhoc 22.05.2007 17:47:56

Further inquiry note:

Contact

Investor Relations
cometis AG
Henryk Deter
Tel: +49(0)611 - 205855-13
Fax: +49(0)611 - 205855-66
e-mail: deter@cometis.de

Branche: Machine Manufacturing
ISIN: DE0005751986
WKN: 575198
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
Börse Berlin-Bremen / free trade
Bayerische Börse / free trade

Original content of: SMT Scharf AG, transmitted by news aktuell

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