Chinafloors Partners up with Valinge

Shanghai, China, October 6, 2006--Välinge Innovation AB has recently signed a license agreement in China with Chinafloors Timber Shanghai Ltd. The agreement covers glue free laminate flooring as well as wood flooring. "We see the agreement with Chinafloors as a new important step in order to build up a strong licensee-base with the leading manufacturers in China. It also gives a good recognition to the technology and Intellectual Property Rights of Välinge" says Mr Darko Pervan, President and CEO of Välinge. Mr. Thomas Baert, President of Chinafloors states: "As a very fast growing export flooring company based in China we are very pleased to be associated with the powerful R&D center of Välinge and we are convinced that our customers worldwide will benefit from the new innovations Mr. Darko Pervan and his great team are offering, We are very excited about being one of the very few able to offer a licensed click from China on both laminate and wood flooring.”