Company News

Vacon Inc. - Mequon, WI

Original Press Release

Vacon Rang the Opening Bell at the NASDAQ Stock Market in New York

Press release date: Nov 16, 2012

Global AC drive manufacturer Vacon rang the NASDAQ Stock Market Opening Bell in New York on Thursday, 15 November 2012.

The visit to the NASDAQ Stock Market in New York and the Opening Bell Ceremony were part of Vacon's upcoming 20th anniversary in the global AC drives business in 2013. Representing Vacon in the Opening Bell ceremony were, among others, Vesa Laisi, Vacon's President and CEO, and Tom Doring, President, Vacon Inc., Vacon's subsidiary in the United States.

"Vacon has become a truly global company in 20 years. The company has sales offices in 27 countries and production units on three continents, for instance here in the United States. AC drives are one of the best products to improve energy efficiency in industry and in civil engineering. It had been estimated that with energy efficient electric motors which are equipped with AC drives approximately 10% of the world's energy consumption can be cut. I think that Vacon has excellent prerequisites to grow in the future, especially when competing or substitute technical solutions do not exist for AC drives and are not within sight," says Vesa Laisi, Vacon's President and CEO.

The opening and closing bells of the NASDAQ Stock Market in New York mark the beginning and end of the trading day. The ceremony featuring the bell ringer is broadcast live on international news channels, and the event can also be seen on the NASDAQ Tower screen in Times Square.

Further information:

Vesa Laisi, President and CEO, Vacon Plc, phone +358 (0)40 8371 510, Sebastian Linko, Director, Corporate Communications and Investor Relations, Vacon Plc, phone +358 (0)40 8371 634,

Vacon in brief:

Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 27 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2011, Vacon's revenues amounted to EUR 380.9 million, and the company employed globally approximately 1,500 people. The shares of Vacon Plc (VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).

Driven by Drives,