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News Release
Date: October 2002
For Release: Immediately
For Further Information
Gordon D. Goranson
Tel: 800-884-6183

LMC Announces Expansion To Sweden and Europe
DeKalb, IL, October 2002 - LMC, Inc., located in DeKalb, Illinois, announced the opening of its EU operations with the establishment of a new subsidiary, LMC Sweden AB, with facilities in Lidkoping, Sweden for complete marketing/sales, engineering and manufacturing. The announcement was made at Fabtech International 2002 held in Cleveland, OH. According to Gordon Goranson, President of LMC, Inc. "Sweden was selected because of the high competence and technical skills of personnel and their strong attention to quality. It is also close to our customers and the major automotive and trucking manufacturing facilities of Europe."

LMC is the world's leading manufacturer of High Speed Adiabatic Process Manufacturing Technology for the metalworking industry. The company has engineered and manufactured a full line of press systems for cutting, blanking, forming and powder compaction. This patented press line and production operations are recognized for their advanced manufacturing process which significantly reduce costs, eliminates secondary operations and with improved quality. In October 2001, the company was selected by Research & Development Magazine to receive their internationally coveted R&D100 Award for the development of their 'Net Shape Forming' process.

LMC, with the cooperation of Invest in Sweden Agency (ISA) and with the support from local Lidkoping officials, will move into facilities to assemble press systems for the Swedish and EU market. Lidkoping is located about 120 kilometers northeast of Goteborg. LMC's objective will be to have everything is place by the end of the year. Approximately 26 employees are expected to be hired. LMC also intends to utilize the local skilled manufacturers for their source of LMC engineered components. LMC will also establish its APM Process Center which will operate LMC press systems to produce components and blanks to specifications for customers that want LMC to provide the completed component utilizing the high speed manufacturing process.

The company has over 275 press systems operating worldwide for the support of manufacturing metal components for the automotive, trucking, ball bearing, electronics, aviation, hardware, and flow control industries. LMC has also close cooperative ties with the US Department of Energy, Fermi National Laboratory, Stanford Linear Accelerator Center and Northern Illinois University. Currently, all systems are engineered and manufactured in the USA.

The Board of Directors will consist of Lennart Lindell, CEO of LMC, Inc., Gordon Goranson, President of LMC, Inc., Christer Martinsson, President of CMC AB, and the Managing Director of LMC Sweden AB (to be announced).

Personnel will be locally hired to manage and operate this facility. The manufacturing, marketing and sales of the press systems and process will be initially in Sweden and then extend to the full EU market.

LMC's complete range of press systems have the capability to cut, in a mille-second, solid metals of virtually any tensile up to 100 mm, tubing up to 150mm in diameter and net shape components formed up to 10-15 kg. Significant cost savings and quality benefits exist which make companies more competitive worldwide.

The LMC Press System is recognized for its extreme energy efficiency with utilization as low as 10% of conventional equipment. Material waste is minimal, no recycling of coolants or metal chips, and with no fumes or smoke. The system is very environmentally friendly. The presses are very operator friendly. Tooling costs are minimal with die life extreme at rates up to 150 million cycles per die set.

LMC was started by the Swedish entrepreneur and inventor Lennart Lindell who moved from Sweden for the US in 1974. Receiving his degree in Mechanical Engineering and working five years with the Royal Institute of Engineering in Stockholm, he received his first patent for High Speed Cutting Technology in 1970 with the introduction of his first commercial press system. At ram speeds of 10 meters per second, only explosive energy sources exceeded this rate. Today, LMC press systems have controllable energy sources that provide ram speeds up to 100 meters per second.