Mycronic AB: Mycronic receives order for an advanced Prexision-80 mask writer

Regulatory News:

Täby, 1 July, 2016 - Mycronic AB (publ), has received an order for a Prexision-80 (P-80) mask writer for advanced display applications from a customer in Asia. The system is scheduled to be delivered around year-end 2017.

Mycronic offers mask writers for manufacturing of photomasks within different fields of application. These areas are display manufacturing (for TV, smart phones and tablets among other things) and applications within the multi-purpose market.

The P-80 offers high image quality and high production efficiency for mask makers in the manufacturing of advanced display products.

"Our P-80 meets the requirements for cost-effective manufacturing of advanced display photomasks,” says Magnus Råberg, Sr VP and General Manager Pattern Generators, of Mycronic AB. "We have now received the fourth P-80 order, that once again demonstrates the industry need for equipment with technology to meet high demands on electronics products , ” Magnus Råberg concludes.

Each mask writer is unique to meet the specific needs and requirements of the customer. The price for a P-80 system is in the span of USD 30-40 million, but can vary further due to the complexity in configuration and the number of extra options required.

About Mycronic AB

Mycronic AB is a Swedish high-tech company engaged in developing, manufacturing and marketing of production equipment for the electronics industry. Mycronic headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, the Netherlands, United Kingdom and the United States. For more information see our web site at: www.mycronic.com

Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.

The information is of the type that Mycronic is required to disclose under the Financial Instruments trading Act and/or the Swedish Securities Markets Act. The information was submitted for publication on 1 July, 2016.

This information was brought to you by Cision http://news.cision.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20160630006471/en/