Stock Exchange release November 26, 2008 09:00:00 AM CET

Metso, UPM and the University of Oulu launch a technology program in Kajaani, Finland

Metso Corporation's press release on November 26, 2008 at 10:00 a.m.
 
Metso, in partnership with UPM and the University of Oulu, is launching a technology program in Kajaani, Finland, to develop measuring and control solutions for the renewing chemical wood processing industry. The program will focus particularly on developing applications for process waters, energy production and bio refineries. 
 
The program planning phase will begin immediately and the goal is to launch the three-year technology program at the beginning of 2009. The scope of the program is about 70 man-years and the cost estimate about six million euros. The program is expected to employ 5-10 people from the UPM Kajaani mill.
 
The technology program will utilize the UPM Kajaani mill's employees' competence in research and development as well as their knowledge of forest industry processes. A central goal of the program is to support new business development and to maintain the know-how that has emerged in Kajaani over the years. Metso Corporation has had a unit in the area for decades developing and marketing process measuring equipment. The program will also tap into the University of Oulu's know-how in measuring technology, and process and environmental technology. The units have an extensive network of research centers and university units that focus on measuring and control technology; this know-how will also be available in the technology program when needed.
 
Metso is a global engineering and technology corporation with 2007 net sales of over EUR 6 billion. Its over 27,000 employees in approximately 50 countries serve customers in the pulp and paper industry, rock and minerals processing, the energy industry and selected other industries.
 
 
Further information for the press, please contact:
 
Martti Artama, Vice President, Kajaani Product Line, Metso Automation, tel. +358 40 738 8295
 
Pekka Hurskainen, Vice President, R&D, UPM R&D Center, tel. +358 400 645 969
 
Jouni Tornberg, D.Sc. (Tech.), University of Oulu, tel. +358 40 555 0756,
 
Kauko Leiviskä, Dean, University of Oulu, tel. +358 40 554 7572