Media release

Corporate news announcement processed and transmitted by Hugin ASA.
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Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this 
announcement. 
----------------------------------------------------------------------
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Horgen, May 15, 2008 - At yesterday's Annual General Meeting of
Schweiter Technologies AG in Horgen, all proposals were convincingly
approved: a dividend of CHF 9 per share, an extension of the
authorized capital, and the election of Schweiter Technologies CEO
Beat Siegrist to the Board of Directors.

Business operations

SSM Textile Machinery reported a year-on-year decrease of
approximately 15% in new orders and revenues in the first quarter. In
addition to lower revenues, restructuring costs for the closure of
the Wuppertal plant impacted the result to the anticipated extent, as
already communicated. Business is expected to develop along similar
lines over the next few months in a challenging environment.

Satisloh posted a decline in new orders and revenues of around 15%
versus record year 2007 (currency-adjusted: -7% and -4% respectively)
in the first three months. A generally steady gross margin and
tighter cost management produced a satisfactory operating result.
Currency losses caused by a weak US dollar had a significantly
negative impact on the financial result in the first quarter.
Satisloh had a successful showing at the MIDO, the foremost
ophthalmic fair. Business is expected to be stable over the coming
months.

Ismeca Semiconductor reported currency-adjusted new order volumes on
a par with the fourth quarter of 2007. However, the figure was
considerably lower than the very high level of incoming orders seen
in Q1 2007. Thanks to a solid order backlog at the beginning of 2008,
first quarter sales matched the previous year's level. The gross
margin improved slightly despite the negative currency effect. A
similar performance is expected for the coming months.

In spite of a somewhat muted start to the year attributable primarily
to negative currency factors, the Group's prospects are generally
intact thanks to solid strategic positions in all business areas.


Please find the Media release in the PDF attached.

Schweiter Technologies AG, Neugasse 10, CH - 8812 Horgen, Switzerland
Tel. [phone] Fax [phone] [e-mail]
www.schweiter.com


 
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Schweiter Technologies
Neugasse 10 Horgen Switzerland

WKN: 879123; 
ISIN: CH0010754924; Index: SPI, SPIEX, SSCI;
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