Simtronics ASA announces additional funding agreement with Autronica Fire and Security AS more  

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      New contract award - Flame and gas detectors more  

      Registration of share capital increase

      As previously announced the company has issued 3,731,343 new shares to the former owners of Water Mist Engineering AS and 674,044 new shares to the former owners of ETech Process AS.

      [06.04.2009]

      The companies were acquired by Simtronics AS in 2007 and 2008 (see previous announcements).

      The share capital increase following from the issuance of new shares has now been registered in the Register of Business Enterprises and the company has following the registration a share capital of NOK 10,152,672.7 2  divided on 69,463,511 shares each with a par value of NOK 0,146158358.

      The new shares will temporarily be registered on a separate ISIN awaiting the production and approval of prospectus. The new shares are subject to a 12 months lock-up.


      For further information please contact:

      Mr Rune Martini, CEO of Simtronics ASA
      Phone +47 48 07 80 80


      www.simtronics.eu


      Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics' flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products, solutions and systems are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics' heritage goes back to 1948.

      © SIMTRONICS AS

      www.kingdesign.no