25 Oct 2005
Release of court injunction - Restructuring completed
Nextrom Holding is pleased to announce that the preliminary ex-parte court injunction initiated by Maillefer SA has been released. After intense and constructive discussions, both parties, Maillefer and Nextrom, have found an agreement on friendly terms.
The release of the said court injunction opens the way for Nextrom Holding to pursue its restructuring process as planned. As of today, the divestment of the loss-making fiber units is completed.
The http://www.nextrom.com domain has been handed over to the buyer of the Fiber Optic division, Knill Group, Austria. All the information and inquiries about the new Nextrom Holding can be seen under the following web-site: http://www.nextrom-holding.com
For further information please contact:
Mr. Lorenzo Schmid, Chairman of the Board
Phone +41 41 368 98 38
lorenzo.schmid@mindsetholding.ch
About MINDSET HOLDING AG:
MINDSET HOLDING AG is the listed entity of mindset agmindset is a new type of automobile that sets itself apart – both technically and aesthetically – from conventional automotive concepts. Mindset is the first European electric vehicle that was designed fundamentally for everyday use. It stands out for its high level of energy efficiency. The development and marketing of the zero-local-emission-vehicle mindset constitutes the core activity of the company.
The market for a reliable, zero-emission-vehicle based on proven technology has been long documented and is being supported at government level. The pent-up demand from the public for a “politically-correct car” is enormous.
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