Quanmax AG: Large orders from industrial companies Quanmax AG achieves record sales

Quanmax AG is awarded the contract for supplying simulation terminals on 16.11.2010. The order value amounts to a sales volume of 3.3 million Euros in the first phase, which will be fully realised in the fiscal year 2011. The Quanmax Management expects a total revenue of 10 million Euros as follow-up business for the same product after completion of the project.

As part of a purchase order already placed, Quanmax is developing and manufacturing simulation terminals for industrial training for an international company. These equipment that are being used world-wide include so-called 'appliances' Quanmax hardware and software and are networked with each other, with central data management and access. Software specialists from the recently acquired funworld AG, who have successfully executed such projects in the past, are responsible for developing the software.

Quanmax has recently increased its sales forecast for the fiscal year 2010 to at least 73 million instead of the previously planned 70 million Euros. The net profit in the fourth quarter is expected to increase significantly compared to the previous quarters.

About Quanmax
Quanmax AG (ISIN AT0000A0E9W5/WKN A0X9EJ) listed in the Prime Standard of the Frankfurt Stock Exchange is one of the largest distributor of IT products in Austria with the brands of chiliGREEN, MAXDATA and SecureGUARD.The ISO 9001:2008 certified company employs over 180 employees. In addition to the core market of Austria, Quanmax AG has expanded into the target markets of Germany, Switzerland and Eastern Europe.Quanmax AG: Large orders from industrial companies Quanmax AG achieves record sales [Publication of an ad hoc announcement according to § 15 of WpHG]