Released on = April 25, 2006, 3:40 am

Press Release Author = For editorial queries only contact Melissa/Sonia of PRHUB
@22998141/ 3.

Industry = Chemicals

Press Release Summary = : Bangalore-based Indo-US MIM Tec Pvt. Ltd. (MIMTec), among
the few companies in the world to manufacture components using Metal Injection
Moulding (MIM) technology has announced that it has been conferred the INNOVATION
AWARD by MOEN Incorporation, USA. A world leader in bathroom fittings, Moen Inc. is
part of Fortune Brands, one of the world's largest consumer brands-driven
businesses. Dr. Jagadamba Chivukula, Director, Indo-US MIM Tec Pvt. Ltd MIMTec,
received the Innovation Award from MOEN Inc. at their suppliers meet held recently
at Cleveland, Ohio, USA. The Innovation Award recognizes the effort of MIMTec in
suggesting an innovative design which reduced significantly the manufacturing cost
for MOEN Inc. Indo-US MIMTec is now a preferred and important supplier of precision
components to MOEN Inc.

Press Release Body = Bangalore, April 25, 2006 : Bangalore-based Indo-US MIM Tec
Pvt. Ltd. (MIMTec), among the few companies in the world to manufacture components
using Metal Injection Moulding (MIM) technology has announced that it has been
conferred the INNOVATION AWARD by MOEN Incorporation, USA. A world leader in
bathroom fittings, Moen Inc. is part of Fortune Brands, one of the world's largest
consumer brands-driven businesses. Dr. Jagadamba Chivukula, Director, Indo-US MIM
Tec Pvt. Ltd MIMTec, received the Innovation Award from MOEN Inc. at their suppliers
meet held recently at Cleveland, Ohio, USA. The Innovation Award recognizes the
effort of MIMTec in suggesting an innovative design which reduced significantly the
manufacturing cost for MOEN Inc. Indo-US MIMTec is now a preferred and important
supplier of precision components to MOEN Inc.

Commenting on the award, Ajeet Khare, Managing Director, Indo-US MIMTec, said," We
are pleased and honored by the award which is a reiteration of our emerging
leadership in the high-potential and niche area of MIM-based component
manufacturing. The credit goes to our highly qualified team of engineers who made
the innovative design possible."

Bangalore-based Indo-US MIMTec with operations and presence across three continents
through customer support offices in the US, Germany, France, Singapore and Japan, is
among the world leaders in the field of MIM technology. The fledgling company
exports almost 90% of their production and has clocked 100% year on year growth
during the last four years. The company has a state-of-the-art facility in Bangalore
with a built-up area around one lakh sq. ft. and has developed and manufactured over
550 varieties of components. The Bangalore facility is ISO 9001:2000 and ISO/TS
16949:2002 certified. MIMTec's customer list includes many Fortune 500 companies
among others. Indo-US MIMTec is a part of the New York based Shiva Group founded by
a NRI serial entrepreneur.


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