Atlas Copco rewards new marketing concepts and product innovations

April 28, 2000

Stockholm, April 28, 2000 - At Atlas Copco’s Annual General Meeting held Thursday, the prestigious "Peter Wallenberg Marketing and Sales Award" and "John Munck Award" were presented, to reward new marketing and sales concepts and new innovative products.

The “Peter Wallenberg Marketing and Sales Award” was presented for the fourth time. Its purpose is to reward extraordinary sales efforts and the introduction of new marketing and sales methods. This year the award was shared between Mr. Yngve Revander, General Manager for Atlas Copco Tools, Germany, and Mr. Tom Tysl, Regional Manager, Prime Service Inc., USA. Mr. Revander received his award for his consistent work to provide a solid platform for the industrial tool business in Germany, and Mr. Tysl for his foresighted method on how to serve small short-term rental customers. 
The “John Munck Award,” which was established in 1990 to reward the best innovative technical development contribution during the year, was presented for the tenth time. This year the award was presented to the three innovators behind the Coprod system: Karl-Axel Stjernström, Uniroc, and Kurt Andersson and Jörgen Rodert, both Atlas Copco Rock Drilling Equipment. The Coprod system is a patented innovation, which will provide an important increase in drilling productivity for large hole sizes. 
Dr. Peter Wallenberg, honorary chairman of Atlas Copco AB, worked 20 years for the Group, before he became Chairman of the Board (1974-1996). John Munck worked for Atlas Copco for 40 years, and was the Group’s technical director at the time of his retirement in 1970. 
Atlas Copco is an international industrial Group with its head office in Stockholm, Sweden. In 1999, the Group had revenues of SEK 36 billion, with 97 percent of revenues outside Sweden, and over 26,000 employees. Atlas Copco companies develop, manufacture, and market electric and pneumatic tools, compressed air equipment and generators, construction and mining equipment, assembly systems, and offer related service and equipment rental. More information is available on www.atlascopco.com. For further information please contact: 
Atlas Copco AB 
Annika Berglund, Group Communications 
Tel: + 46 8 743 8070, Mobil: + 46 70 322 8070, annika.berglund@atlascopco.com