Volvo Technology Transfer AB Investment Sparks Global Expansion Program at Coherix

ANN ARBOR, Mich. October 15, 2008: Volvo Technology Transfer AB of Göteborg, Sweden, has finalized an investment in Coherix, Inc. (an Ann Arbor-based company) to accelerate the launch of Coherix’s European operations. Coherix develops high-tech systems to improve engine-manufacturing quality.

The investment is part of a comprehensive, global expansion program launched by Coherix earlier this year, according to Dwight Carlson, the company’s chairman and CEO. Financial terms of the investment were not disclosed.

“We believe that Coherix will be a very good investment for us,” said Anders Brännström, CEO of Volvo Technology Transfer AB. “The requirement for increased precision in engine manufacturing, as an example, will require in-line process control, and Coherix technology makes this possible.”

Volvo Technology Transfer AB is a Volvo Group corporate venture capital company. Volvo Group is a heavy-duty truck and diesel-engine manufacturer with its largest markets in Europe and North America and a strong global network. For more than 80 years, Volvo Group has provided transportation-related products and services with a focus on quality, safety and environmental care.

“Coherix technology is in use at automotive manufacturing facilities throughout North America and also is well-known within the semiconductor industry, especially in China and the Asia Pacific region,” Carlson noted. “Our new, strategic relationship with Volvo Technology Transfer AB will enable us to further expand in Europe.”