13.12.2006 – 07:31

Cicor Technologies

euro adhoc: Cicor Technologies
Joint Ventures/Cooperation/Collaboration / Cicor Technologies Pursues its Growth Strategy Strategic alliance with Reinhardt Microtech Group in Switzerland and acquisition of a shareholding interest in ESG Holding PTE Ltd

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

13.12.2006

B o u d r y, 13 December 2006. Cicor Technologies, the
Neuchâtel-based industrial group active in developing and producing
complex printed circuit boards and in the complementary field of
electronic manufacturing services (EMS), continues to implement its
growth strategy and will add a new division to its industrial base.
The strategic alliance planned with the Reinhardt Microtech Group
located in Wangs, Switzerland, provides Cicor Technologies access to
the promising market for micro-electronics. Upon completing the
integration of the Reinhardt Group into Cicor at the beginning of
2007, Reinhardt Microtech’s former majority shareholder, Hanspeter
Reinhardt, will take over shareholding interests in Cicor
Technologies. In addition, he will join the group’s management
bodies.

Furthermore, effective early 2007, Cicor Technologies will acquire a
36% shareholding interest in ESG Holding PTE Ltd., Singapore,
combined with an option to increase the shareholding to 52%. ESG is
currently under Swiss management and is active in the field of
implementing complex technologies and processes. The company operates
production plants in Singapore, Indonesia and Vietnam. As a result of
the investment in ESG, Cicor will obtain direct access to competitive
supply markets and production capacity, which will significantly
improve Cicor’s competitiveness.

Cicor Technologies signed a memorandum of understanding with
Hanspeter Reinhardt, majority shareholder of the Reinhardt Microtech
Group, as well as with a minority shareholder, envisaging the full
integration of Reinhardt Microtech AG in Wangs, Switzerland, and its
74% subsidiary, Reinhardt Microtech GmbH, in Ulm, Germany. This step
is connected with a shareholding of Hanspeter Reinhardt in Cicor
Technologies and his appointment to the Cicor Group's management
bodies.

European market leader in thin-film technology for micro-electronics

Specialising in thin-film technology, the Reinhardt Microtech Group
is the largest manufacturer of customer-specific applications in the
field of high-precision resistance networks, radar technology and
micro-systems (MEMS). As a supplier of key technologies to European
and US high-tech companies, Reinhardt Microtech’s products are
included in various applications in medicine, telecommunications,
aeronautics and the automobile industry. Reinhardt Microtech GmbH in
Ulm has the same micro-technological capabilities as its parent
company in Switzerland.

The Reinhardt Microtech Group employs a workforce of around 80, and
for 2006 the company expects total sales of CHF 17.0 million. The
group anticipates sales growth for the coming years to be in the
double-digit range. The integration planned for the beginning of 2007
depends on the successful completion of due diligence investigations
and on various other approvals still to be obtained.

Links forged with Asia

Through its investment in ESG Holding, Singapore, a technology group
with companies in Singapore, Indonesia and Vietnam, Cicor
Technologies obtained an important basis to develop supply markets
and production capacity in Asia. The companies owned by ESG Holding
enjoy significant capabilities in various, technologically demanding
areas, such as SMT und THT technologies, bonding, precision
tool-making and high-end injection moulding. The customers of the ESG
companies are all based in Europe and are active in the markets for
medical technology and automobile technology, both of which are
considered important for the future of Cicor Technologies. As a
result of Cicor Technologies’ geographic presence in Indonesia and
Vietnam its cost structure will remain competitive. The investment in
ESG allows Cicor Technologies to further optimise its production
costs by outsourcing several processes to production facilities in
Asia.

The step to Asia gives Cicor Technologies access to management
resources and relevant networks, for instance in Singapore, and it
facilitates cooperation with important local institutes of
technology. ESG Holding is managed by Emil Strickler, a Swiss citizen
with more than 30 years of business experience in Asia and also a
co-shareholder in ESG Holdings. In a first step, Cicor Technologies
will acquire a 36% investment in ESG Holding (through a capital
increase of ESG Holding) with an option to increase the shareholding
to 52%.

Electronicparc Group: Acquisition completed

The acquisition of the Electronicparc Group announced in the summer
of 2005 has been successfully completed following payment of the
variable part of the purchasing price.

Outlook 2006

The Cicor Technologies Group expects consolidated sales for the
current year to exceed CHF 175 million.

end of announcement                               euro adhoc 13.12.2006 07:00:00

Further inquiry note:

Christian Welter
CEO, Cicor Technologies
Telephone +41 79 409 40 91
Email christian.welter@cicor.ch

Branche: Technology
ISIN: CH0008702190
WKN: 8702190
Index: SPI, SSCI, SPIEX
Börsen: Frankfurter Wertpapierbörse / free trade
SWX Swiss Exchange / official market