Cardo wins record order for doors in USA

11/26/2001 4:56 AM EST

Cardo's business area Door has won an order in the USA worth SEK 58
million for hangar doors for the US Air Force and Air National Guard.
This is the biggest door order so far for Cardo Door.

The building contractor Bucon Construction in collaboration with Butler
Buildings has chosen Cardo Door's Megadoor doors for a project involving
airplane hangars for the US Air Force and Air National Guard.

The doors will be manufactured at Cardo Door's American subsidiary
Megadoor Inc., which has previously supplied a large number of doors to
the US Department of Defense, including the Air National Guard.

Megadoor doors are designed for demanding industrial environments and
very large door openings, such as in airplane hangars; and they can be
made in virtually any size. Megadoor is a Swedish product that has been
developed by Cardo Door's company Megadoor AB in Skellefteå, Sweden.

Cardo Door is a business area in the Cardo group and one of the world's
largest manufacturers of industrial doors and Europe's leading supplier
of dock loading equipment. Cardo Door is also the market leader in the
service of these products and one of Europe's largest manufacturers of
residential garage doors. Door's turnover amounts to approximately SEK 5
billion.

Malmö, Sweden, November 26 2001

Cardo AB (publ)

For further information, please contact:
Kjell Svensson, President and CEO, phone +46 40 35 04 53, +46 40 35 04
00
Christer Roskvist, Head of Public Relations, phone +46 40 35 04 25, +46
40 35 04 00

Cardo is an international engineering group with a turnover of
approximately SEK 10 billion. Cardo holds a strong position in the
markets for doors, pumps and rail-vehicle brake systems. Cardo has
subsidiaries in about 30 countries with the focal point resting in
western Europe, and roughly 8,000 employees.