Management succession at Uster Technologies Ltd

Richard Furter, Head of Textile Technology and member of the Executive Committee of Uster Technologies Ltd, has expressed his desire to take retirement at the end of 2011. Thomas Nasiou has been appointed as his successor. He is currently working at Uster Technologies in the dual role of Product Manager and as Head of Marketing in China and will assume his new role on June 1, 2011.

Richard Furter (67) has expressed his desire to retire after 44 years of service in Uster Technologies Ltd and the former Zellweger Uster AG. CEO Geoffrey Scott commented: “We will be sorry to see Richard leave. He is a deeply respected member of the Uster team, both inside the company and within the industry. In his time with the Uster Group, he has held management positions in various areas of the company, including Marketing, Business Development and Research & Development as well as leading our Textile Technology team for the past 13 years.

Richard has made a significant contribution to the development of the Company over the years. He has been a valued colleague and provided great friendship, counsel and advice to me in my time with the company as well as supporting me through the two MBO’s and the successful completion of the IPO. Our Board of Directors and the whole management team thank him for his invaluable service and unwavering dedication to the company.” Richard Furter will be retained by the company on a consultancy basis.

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Launch of USTER QUANTUM 3 with Smart Clearing Technology

Uster Technologies Ltd, the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry, announced today the market introduction of the ground-breaking third generation of its best-selling USTER QUANTUM clearer system.

This latest state-of-the-art quality assurance technology allows textile manufacturers optimize production efficiency and reduce costs, making the device to an indispensable quality management tool in spinning plants. The pioneering system offers significant benefits that allow textile manufacturers to work with yarn of highest quality and thereby avoid any disturbing defects that could result in lost sales and profit. The production ramp-up and training of the world-wide sales teams already commenced in September. Full production capacity will be in place by November 2010.

USTER QUANTUM 3 with Smart Clearing Technology represents the latest generation of the Group’s future-oriented quality assurance technology. The system features new powerful capacitive and optical sensor technology that makes all disturbing defects visible, thereby significantly enhancing detecting accuracy and enabling manufacturers to sort out thin and thick places, inconsistent colors or other unwanted properties. The new clearer has a robust and rugged design for less maintenance and a longer life expectancy and is smart and simple to use. Furthermore, the system includes a completely new designed control unit with a modern and ergonomic user interface.

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