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5th
December 2007
CONTINENTAL CORPORATION CONCLUDES
PURCHASE OF SYNERJECT JV PARTNER SIEMENS VDO AUTOMOTIVE
PERTH,
AUSTRALIA: Orbital Corporation Limited notes that Continental
Corporation has officially concluded the purchase of Siemens VDO
Automotive AG earlier this week.
There is no change in the ownership structure
of the Synerject joint venture with Siemens VDO Automotive remaining
as the 50% partner in our Synerject joint venture. Orbital does
not expect significant changes to the Synerject organization or
strategy as a result of this transaction.
With sales of more than US$35 billion,
the new Continental Corporation ranks among the top five globally
in the automotive supplier industry.
Forward Looking Statements
This release includes forward-looking statements that involve risks
and uncertainties. These forward-looking statements are based upon
management's expectations and beliefs concerning future events.
Forward-looking statements are necessarily subject to risks, uncertainties
and other factors, many of which are outside the control of the
Company, that could cause actual results to differ materially from
such statements. Actual results and events may differ significantly
from those projected in the forward-looking statements as a result
of a number of factors including, but not limited to, those detailed
from time to time in the Company's Form 20-F filings with the US
Securities and Exchange Commission. Orbital makes no undertaking
to subsequently update or revise the forward-looking statements
made in this release to reflect events or circumstances after the
date of this release.
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