SMT Scharf AG, DE0005751986

SMT Scharf AG, DE0005751986

14.12.2016 - 07:33:13

SMT Scharf acquires major order with follow-up potential outside the coal mining sector

SMT Scharf acquires major order with follow-up potential outside the coal mining sector

Hamm, December 14, 2016 - SMT Scharf AG (WKN 575198, ISIN DE0005751986) has received a strategically important major order from Sweden's Sandvik Group. The order with a significant volume comprises the delivery of rail and cable management systems that are to be installed to supply energy and ventilation management for Sandvik's mining machinery.

Hans Joachim Theiss, CEO of SMT Scharf AG, categorises the transaction's strategic importance: "With this order, SMT Scharf has for the first time become an OEM supplier to one of the world's leading providers of conveying systems in underground mining operations. We see this as an endorsement of the strategy we have been following over the past year. We are pursuing our core objective of transforming SMT Scharf - from its foundation on its core competences - into a focused system supplier that is also positioning itself in the premium segment with offerings beyond monorail. In addition, the expertise from our acquisition of Nowilan also comes to bear in this order alongside our core expertise - we're talking high-tech mining here."

The rail and cable management systems ordered from SMT Scharf represent an innovation in underground infrastructure management. Novel is also the fact that the application area in soft rock lies outside the coal mining sector that SMT Scharf traditionally supplies to. The internationally leading mining group BHP Billiton is deploying the Sandvik machines in a large- scale mining project. The collaboration that has been launched generates contractually secured follow-up order potential for further customer projects from Sandvik. The sales potential for follow-up orders is estimated to be a multiple of the first order, although it is not yet possible to provide precise timing of such orders.

Company profile The SMT Scharf Group develops, manufactures and services transportation and infrastructure equipment for underground mining and tunnel construction sites. The main products are captivated railway systems that are used all over the world, primarily in hard coal mines, but also in mines for gold, platinum and other metals. They are needed to transport material and personnel with payloads of up to 45 tons and on gradients of up to 30 degrees. The company also supplies chairlifts to the mining sector. The SMT Scharf Group operates subsidiaries in seven countries as well as commercial agencies worldwide. SMT Scharf generates a large proportion of its revenue in growing foreign markets such as Russia, China, Poland and South Africa. SMT Scharf AG has been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since April 11, 2007.

Contact Investor Relations cometis AG Henryk Deter / Maximilian Breuer Tel: +49(0)611 - 205855-22 Fax: +49(0)611 - 205855-66 Email:

14.12.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Language: English Company: SMT Scharf AG Römerstrasse 104 59075 Hamm Germany Phone: +49 2381 960-01 Fax: +49 2381 960-230 E-mail: Internet: ISIN: DE0005751986 WKN: 575198 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

End of News DGAP News Service

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