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Stockholm December 15, 2008

Kuopio Innovation Ltd. transfers its consultancy company TekInno (Shanghai) Ltd to Nanjing Scandinavian Industrial Campus

Kuopio Innovation Ltd. transfers its consultancy company TekInno (Shanghai) Ltd to Nanjing Scandinavian Industrial Campus to create a fast and cost efficient way for Finnish and Scandinavian companies in their endeavor to enter the China’s market.

Picture (from left): Managing Director Hannu Janhunen from Kuopio Innovation Ltd., Chairman Anders Torstensson and Managing Director Ulf Malmerberg from Nanjing Scandinavian Industrial Campus Ltd.

TekInno was established in 2005 and focuses its work on assisting Finnish and European companies in their China business endeavor with one-stop service. TekInno supports today some tens clients including Vaisala, VTI Technologies, and Viherasema from Helsinki.

Nanjing Scandinavian Industrial Campus (NSiC) was established 2006 and is a business and industrial centre in Nanjing Science Park, focusing on assisting Small and Medium sized Enterprises (SME) to establish and run a business in China. NSiC is established and owned by a group of mainly private Scandinavian and Finnish investors.

Kuopio Innovation Ltd is part of the Technopolis Oy one of the Europe's largest technology center operators. At Kuopio Science Park 19 000 people within walking distance work and study in the fields of health, wellbeing and environment technologies.

“The combination of the two companies strengthens NSiC’s competence in health, health care, nutrition and clean tech. It also adds a presence in Shanghai with offices for rent, incubation- and consultancy services” says Ulf Malmerberg MD of NSiC. “Further, TekInno clients can easily and costs efficient expand their activities in China by setting up an operation in NSIC’s newly built 26 000 square meters facilities in Nanjing” says Ulf Malmerberg.

“With the synergy of the combined strengths we are able to offer our clients all the necessary elements for a successful business in China” says Robert Lai, MD of TekInno (Shanghai) Ltd.

“TekInno was started up as a bridge for Finnish companies to find business opportunities in China and the operation has been very successful. The scope of TekInno’s business has increased to also support companies and research units outside Finland and we now see it is the right time to sell the company into an organization that fully can capitalize on TekInno’s competence and strengthen the support for the Finnish and Scandinavian industry” says Hannu Janhunen, MD at Kuopio Innovation Ltd.

The acquisition is subject to the final approval by the competent authorities in China.

For further information please contact:

Hannu Janhunen
MD, Kuopio Innovation Oy
+358 (400) 564 917
hannu.janhunen(at)kuopioinnovation.fi

Anders Torstensson
Chairman Nanjing Scandinavian Industrial Campus
+46 70 514 0000
anders(at)mankato-investments.com

Nanjing Scandinavian Industrial Campus

Nanjing Scandinavian Industrial Campus is a Scandinavian business and industrial center in Nanjing Science Park, China, with modern offices and industrial facilities for rent. The company offers complete solutions for an easy, safe and cost efficient start-up, incubation and operation of a new business in China for Small and Medium sized Enterprises. The company is owned and managed by Swedes with long experience of doing business in China and with an influential network.

www.nsic.com.cn

Kuopio Innovation Ltd.

· Offers contacts and networks for R&D, business development and internationalization

· Focus of operations on the health, environment and well-being sectors

· Serves as a contact base between business and research

· Promotes the creation, development and location of internationally competitive business and research operations requiring high levels of expertise in the Kuopio Region

· Executes the National Centre of Expertise Programme and supporting development projects

· Owners: the City of Kuopio (76%) and Technopolis Plc (24%)

www.kuopioinnovation.fi