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New Group and Management Structure

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(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

KMT Water Jet Systems, Inc.
635 W. 12th St.
Baxter Springs, KS, 66713
USA





Press release date: December 7, 2006

Due to the recent acquisitions of RPT and H2O Jet, as well as the new joint-venture KMT Spindle Technology, KMT introduces a new organisation based on four Business Areas. In connection with the new organisation, KMT also presents a new management structur

KMT will be organised in four Business Areas as follows:

KMT Waterjet, includes: o KMT Waterjet Systems, Baxter Springs, USA o KMT Aqua-Dyne, Houston, USA o KMT McCartney, Baxter Springs, USA o KMT H2O, Olympia, USA

KMT Precision Grinding, includes: o KMT UVA, Bromma, Sweden o KMT Lidköping, Lidköping, Sweden o KMT NanoGrinder, Lidköping, Sweden o KMT LMV, Lidköping, Sweden o KMT Spindle Technology, Wafangdian, China

KMT Robotic Systems, includes: o KMT RPT, Auburn Hills, USA o KMT Cutting Systems, Ronneby, Sweden

KMT Sheet Metal Working, includes: o KMT Ursviken, Ursviken, Sweden o KMT Herber, Värnamo, Sweden

In connection with this change, KMT introduces a new Group Management consisting of:

Lars Bergström, Chief Executive Officer Joakim Roslund, Chief Financial Officer Per-Olof Jungqvist, Technical Director

Duane Johnson, President Business Area KMT Waterjet Kevin McManus, President Business Area KMT Robotic Systems Johan Westberg, President Business Area KMT Precision Grinding Lars Bergström (CEO), President Business Area KMT Sheet Metal Working

For more information, please contact: Lars Bergström, CEO, Karolin Machine Tool AB Telephone: +46 8 594 211 50 or e-mail: lars.bergstrom@kmtgroup.com
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