FOSS and Ibsen in strategic collaboration

Press Release – Copenhagen, December 15th, 2008 

Joint Press Release from FOSS A/S and Ibsen Photonics A/S December 15th 2008.

FOSS A/S and Ibsen Photonics announce today that FOSS has become shareholder in Ibsen Photonics through an increase in capital such that FOSS owns 12.5% of the shares in Ibsen.

This investment follows a close collaboration on development and manufacturing of spectrometer modules for the next generation of certain FOSS analytical solutions.

The investment reflects a growing partnership between the two companies, as both companies see potential in the combination of FOSS’ know-how concerning dedicated analytical solutions and Ibsen’s expertise in spectrometer technology.

Kim Vejlby Hansen, VP Business & Product Development at FOSS, explains: “Ibsen is a dynamic company with valuable technology and a unique resolve to collaborate with its customers. We are convinced that we together can strengthen FOSS’ leadership in dedicated analytical solutions for the food, agricultural, chemical and pharmaceutical industries.”

Torben Jacobsen, President and CEO of Ibsen Photonics remarks: “FOSS’ wish for this tighter relationship with Ibsen is a recognition of our technologies and business strategy. Furthermore, FOSS market knowledge and customer understanding is unsurpassed and valuable for us in our further development of the company and our spectrometer solutions. We expect growing sales of optical products to FOSS:”

The injected capital into Ibsen will be used to strengthen the organisation working with the FOSS business as well as contribute to the company’s development activities.

About Ibsen Photonics

Ibsen Photonics is an 18-year-old company, with own manufacturing in Denmark’s most advanced clean room. Ibsen develops and produces optical diffraction gratings and spectrometers based on these for markets within sensor, telecommunications and laser markets. The company is based in Farum, has approximately 20 employees and is privately held by management, employees and a number of external investors.

About FOSS

The family-owned FOSS company is the world’s leading supplier of dedicated analytical solutions that ensure optimal quality and production of food, agricultural, pharmaceutical and chemical products. FOSS solutions analyse and control products during production – helping to optimise both quality and profit. FOSS has manufacturing and research and development facilities in Denmark, Sweden and the USA with headquarters in Hillerød, Denmark. Solutions are sold and supported through 25 FOSS sales and service companies in Europe, North America, South America, Asia and the Pacific Region as well as through an extensive global network of distributors. Today, FOSS employs 1155 staff. Read more on www.foss.dk

Additional information:

Ibsen Photonics A/S:
Torben Jacobsen
President & CEO
Phone: +45 44347002
torben.jacobsen@ibsen.dk

FOSS A/S:
Kim Vejlby Hansen
VP Business and Product Development
Phone: +45 48208500
kvh@foss.dk

0