Balda Aktiengesellschaft

EANS-News: Balda AG
wins Samsung as a new customer

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Company Information

Bad Oeynhausen (euro adhoc) - Balda AG wins Samsung as a new customer

Production starts in August and will reach high volume by early 2011

Bad Oeynhausen, 12 August 2010 - The MobileCom division of Balda AG, listed in the SDax of the Frankfurt Stock Exchange, has won the mobile phone division of the Korean technology manufacturer Samsung as a new customer. From its production site in Beijing, Balda will produce finished systems made from plastic for Samsung mobile phone housings. The production will start in the coming weeks and reach large volumes by the beginning of 2011. In addition, Balda is currently in negotiations with two other Asian customers. "By winning Samsung as a new customer we bring our goal one significant step closer - to diversify our customer portfolio and minimize the risk of dependence on individual customers," said Michael Sienkiewicz, CEO of Balda AG

* * * Company Profile Balda AG The Balda Group develops and produces complete plastic assemblies, electronic products and products for the medical industry. The customers of Balda are leaders in business from the mobile, entertainment and electronic communications as well as pharmaceutical and medical technology markets. The group has an international position with product sites in China, Malaysia and Germany. A subsidiary in the United States serves North American customers in product design and development. As part of a shareholding in a leading manufacturer of touch screens in China, Balda participates in the dynamic touch screen displays market.

* * * This corporate news announcement includes "forward-looking statements" which are based on the current expectations of the management of Balda. They are subject to risks and uncertainty because they relate to events and depend on circumstances that will occur in the future, such as, for example, developments in the mobile communications industry, changes in technology and the ability to timely and successfully develop new products and various other factors. Balda does not undertake any obligation to update publicly or revise forward-looking statements except to the extent legally required. This corporate news announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or elsewhere. The shares in Balda AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act") unless registered under the Securities Act or pursuant to an exemption from such registration. The Shares have not been and will not be registered under the Securities Act.

end of announcement                               euro adhoc
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Further inquiry note:

Clas Röhl
Tel.: +49 (0) 5734 922-2728
croehl@balda.de

Branche: Semiconductors & active components
ISIN: DE0005215107
WKN: 521510
Index: CDAX, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Original-Content von: Balda Aktiengesellschaft, übermittelt durch news aktuell

Weitere Meldungen: Balda Aktiengesellschaft

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