English version - Hexagon Composites ASA

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COMROD COMMUNICATION <strong>ASA</strong> – LISTING ON THE OSLO STOCK EXCHANGE 5.8.1 Quality control and testing The Company is recognized for its high quality products. The Company’s subsidiary Comrod AS, is ISO 9001-2000 certified for its design, development, manufacturing and marketing processes. The Company’s French subsidiary, Lerc SA, is in the process of implementing a quality policy equivalent to ISO 9001. The Company’s insulating products have been certified in accordance with EU standards. The Company’s products have been designed to withstand extreme conditions and must withstand extensive tests to ensure that the quality standards are being met. The products go through extensive testing in the Company’s on site test laboratories in Norway and France. Testing include chemical, mechanical, electrical and climatic testing. The manufacturing and technical platform is based on substantial development and experience within composites and antenna and mast manufacturing to ensure the best possible performance of the Company’s communication masts and antennas. All vital antenna components are completely protected from the elements. The antenna conductors are encapsulated in polyurethane foam, which keeps out humidity which again prevents corrosion and ensures that the conductor lies stable in the antenna sheath. The foam prevents fractures due to vibrations from engines and also enhances mechanical stability. The Howald production method 3 using fibreglass reinforced epoxy, provides the unique strength and flexibility. To achieve the optimal quality on the antenna surface, all tubes go through a grinding process before a strong two component, elastic polyurethane coating is applied. As a result salt and dirt cannot adhere, reducing the danger of sparkover and the antenna is effectively protected against water, ice and damaging UV radiation. All products are subject to extensive testing. Comrod uses the standards listed below. - MIL-STD-810F - MIL-STD-461E - MIL-STD-464 - MIL-HDBK-454A - MIL-HDBK-217F - DEF-STAN 00-35 - IEC 60945 - IEC 60060-2 - IEC 60068-2 - ANSI TIA/EIA-222-F These are all well known international standards for defence and shipbourne equipment. 5.9 Property, plant and equipment In Norway the Company owns a manufacturing plant at Tau, 45 minutes’ travel with ferry outside Stavanger. The plant covers about 2,771 square meters (m 2 ) and have today an approximate book value of about MNOK 11, and the insurance value is MNOK 39. The plant has been built and upgraded in the following seven steps: - 1970: New factory existing of 700m 2 production site and a 230m 2 office building. - 1972: Extension of the production site with 800m 2 included shelter. - 1982: New warehouse 201m 2 - 1989: Second level on the office building 230m 2 . - 1996: Rebuilding the production plant and a new 360m 2 mechanical production compartment. - 2002: New paint compartment 300m 2 . 3 The Howald production method involves winding/spinning glass fibre onto a mandrill. 43
COMROD COMMUNICATION <strong>ASA</strong> – LISTING ON THE OSLO STOCK EXCHANGE - 2004: New warehouse 180m 2 . The book value for machinery at the Company’s plant at Tau, was MNOK 10.7 per 30 September 2006. In France the Company’s main asset is its plant in St. Amand lex Eaux in Northern France, about ½ hour drive from Lille and 1 ½ hour drive from Paris. The plant was built in 1990 and was upgraded in 2004 and 2005. The plant covers about 10,000 square metres, and the property covers some 120,000 square metres. The book value of the plant was approximately EUR 2.1 million in 2005. The original cost of the plant was EUR 16 million, and the insurance value is EUR 13 million. Lerc has been in this site since 1962. The old buildings are more than 100 years old. Another part of the plant is 30 years old, and the modern one is 10 years old. Other than the two production plants and machinery, the Company has no other material fixed assets, and the Company leases no assets or properties other than one minor lease contract for machinery, which will expire in 1Q 2007. 5.10 The environment The Company does not release any substances into the surrounding environment which require any kind of permit, and no health hazards are associated with its products. Remains from production are sent to an approved disposal centre. This also applies to special waste, such as oil emulsions. Other waste is separated at source and deposited at the inter-authority waste disposal site. The Company complies with the current environmental regulations in France and Norway. 44
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