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02.02.2011 07:51:00

Nolato Medical Transfers Silicone Technology to US Company

Regulatory News:

Nolato Medical (STO:NOLAB) is excited to announce the addition of liquid silicone injection molding to its US facility in Baldwin WI, Nolato Contour. Nolato Contour is currently adding its third clean room, a Class 7 clean room that will accommodate the new liquid silicone injection molding machines. Completion for the building and equipment expansion is scheduled for the spring of 2011. The new liquid silicone injection molding service is built on transfer of technology and know how from Nolato Medical in Sweden. Nolato boasts over 30 plus years of liquid silicone and thermoplastic injection molding experience for complex implantable and non-implantable medical products. The company has also established a strong reputation in its ability to over-mold silicone to thermoplastic components.

Nolato Medical is a business area within the Nolato Group – a high-tech developer and manufacturer of polymer product systems for leading customers in medical technology, telecommunications, hygiene, automotive products and other selected industrial sectors.

Group sales during 2010 stood at USD 500 million, and the average number of employees during the year was 7,563.

Nolato’s shares are quoted on the NASDAQ OMX Nordic Exchange, Stockholm Mid Cap segment, where they are included in the information technology sector. www.nolato.com

This information was brought to you by Cision http://www.cisionwire.com

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