Elexis AG

ots Ad hoc-Service: elexis AG elexis AG continues its consistent focus on factory automation

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Frankfurt/Main (ots Ad hoc-Service) - elexis AG has sold its subsidiary Schorch Elektrische Maschinen und Antriebe GmbH in Mönchengladbach to Lindeteves- Jacoberg Ltd./Singapore. The advisory boards of both companies have approved the transaction. During the 2000 fiscal year Schorch Elektrische Maschinen und Antriebe GmbH and its 547 employees recorded sales of DM 135 million. For Lindeteves-Jacoberg, one of Asia's leading companies in the field of electric drive technology with sales of over DM 200 million, Schorch provides the ideal basis for carrying out its European expansion plans in its core business. elexis AG moves further ahead on its way to being consistently focused on technologically advanced and fast growing markets of factory automation. The advanced automation systems activities of elexis include the company's efforts in the fields of robotics and machine vision, and sensor- and control technology, including 3-D-laser measurement technology. The proceeds of the sale exceed the share of total market capitalization that Schorch accounts for based on its share of sales volume and shall be used for the further growth in the core markets of the elexis Group. Furthermore, elexis AG has concluded a license fee agreement with Lindeteves for the promising 5-megawatt wind energy offshore project of Schorch. In November 2000 Schorch had received a contract from Pfleiderer AG for the development of a 5 MW turbine for use in off-shore wind energy parks and an option for the series production of the turbines scheduled to start in 2004. WKN: 508500; Index: SMAX, CDAX Technology, STOXX Technology Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, München und Stuttgart End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Elexis AG, übermittelt durch news aktuell

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