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2015-09-10

Incap Oyj: Incap and Comsel System launch co-operation in equipment manufacture for Internet of Things (IoT)

Incap Corporation Press release 10 September 2015 at 8:00 (EET)

INCAP AND COMSEL SYSTEM LAUNCH CO-OPERATION IN EQUIPMENT MANUFACTURE FOR
INTERNET OF THINGS (IoT)

EMS provider Incap Corporation and developer of Internet of Things
(IoT)-solutions Comsel System Ltd have signed an agreement on the manufacture
of IoT-equipment. Devices to be manufactured by Incap are among others
communication modules used for remote data acquisition and control for the
energy sector. Besides the manufacture Incap will also take care of the final
assembly (Box-Build) and delivers the products directly to the customers of
Comsel System.

IoT-solutions are to be used in the energy sector where data needs to be
collected and analyzed in real time so that energy can be produced more
accurately, supplied and used more efficiently, and resources used more
economically and environmental friendly. TeliaSonera and the consultancy firm
Arthur D Little estimate the total Nordic IoT- market, including all kinds of
IoT-solutions, to reach 100 million connected objects by 2018 according to a
recent report.

Teemu Pokela, Director of Business Development at Incap: "We are very pleased
that Comsel has chosen us as their manufacturing partner. Being a member of
their innovative and continuously improving supply chain is an inspiring task
for us, also because Internet of Things is highly interesting business with
great potential and exciting outlook. The partnership provides us with steady
revenue and new opportunities for further expansion of our business."

Kristian Heimonen, CEO of Comsel: "For Comsel it is important to team up with
a partner who is willing to understand our customers needs and demands, today
and tomorrow. In the rapidly changing field we operate in, we continuously
need to improve ourselves and this can only be done in the right partnership.
Important qualities we looked for in a partner included the ability to
combine flexibility with high quality deliveries to the right price at the
right time, and to do so with the lowest possible environmental impact. In
Incap, we have found a partner with these abilities, and a desire for
continuous improvement. We are looking forward to a long-term partnership
together with Incap."

INCAP CORPORATION

Further information:
Teemu Pokela, Director, Business Development Europe
Tel. +358 40 347 2073
teemu.pokela@incapcorp.com

Ville Vuori, President and CEO
Tel. +358 400 369 438
ville.vuori@incapcorp.com

COMSEL SYSTEM Ltd
Further information:
Kristian Heimonen, CEO
Tel. +358 50 383 0001
Kristian.heimonen@comsel.fi

DISTRIBUTION
Major media
www.incapcorp.com

MORE ABOUT INCAP
Incap Corporation is an international contract manufacturer whose
comprehensive services cover the entire life-cycle of electromechanical
products from design and sourcing to actual manufacture and further to
maintenance services. Incap's customers are leading suppliers of
high-technology equipment in their own business segments, and Incap increases
their competitiveness as a strategic partner. Incap has operations in
Finland, Estonia, India and China, and the company currently employs
approximately 400 people. Incap's share has been listed on the NASDAQ OMX
Helsinki Ltd since 1997. Additional information: www.incapcorp.com.

MORE ABOUT
COMSEL

Comsel System is a product design and development company specialized in
development and industrialization engineering for the energy sector. Comsel
offers its customers a full range of Internet of Things products and
services. More than one million metering points in the Nordic countries are
today using TCP/IP-communication technology previously developed by Comsel.
The Comsel head office is located in Vasa, Finland. Comsel System Ltd
operates on the Finnish, Swedish, Norwegian and Danish markets.Comsel System
Ltd, additional information: www.comsel.fi.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Incap Oyj via Globenewswire

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