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Press releases

TC TECH Sweden AB (publ) publishes its interim report

TC TECH has today published its interim report for the period January 1 to September 30, 2021. 

Net sales amounted to 0 (0) TSEK in the third quarter of 2021. In the same period, net profit/loss totalled -4 318 (-4 925) TSEK. Cash flow from operating activities was  -563 (-3 125) TSEK in the period from July 1[st] to September 30[th] 2021. Net sales amounted to 0 (105) TSEK in the first nine months of 2021, while net profit/loss totalled -10 975 (-17 581) TSEK. Cash flow from operating activities was -6 082 (-13 453) TSEK in the period from January 1[st] to September[30th] 2021. 

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Regulatorisk

TC TECH Sweden AB (publ) publishes its interim report

TC TECH has today published its interim report for the period January 1 to June 30, 2021. 

Net sales amounted to 0 (0) TSEK in the second quarter of 2021. In the same period, net profit/loss totalled -2 557 (-5 249) TSEK. Cash flow from operating activities was  -1 716 (-2 986) TSEK in the period from April 1[st] to June 30[th] 2021. Net sales amounted to 0 (105) TSEK in the first half of 2021, while net profit/loss totalled -6 657 (-12 657) TSEK. Cash flow from operating activities was -5 519 (-10 328) TSEK in the period from 1 January to 30 June 2021. 

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TC TECH receives order valued at 660,000 USD from Chinese manufacturer of diffusers for mini-LED displays

TC TECH Sweden AB (publ) announces that the company has received an order covering equipment for the manufacturing of diffusers for mini-LED displays from one of the leading companies in China. The total order value for the system solution covered by the order is valued at 660,000 USD (approx. 5.6 MSEK). The company expects to deliver the order in the fourth quarter of 2021.

The customer is one of the larger Chinese companies within development and production of optical films, including diffusers for mini-LED displays. Their customers include several of the larger electronics manufacturers in China, such as BOE and AUO. This order shows that TC TECH’s technology is competitive in a segment that is expected to exhibit strong growth during the coming years as the manufacturing of LCD displays with mini-LED backlighting increases. ”This order is positive for TC TECH for a number of reasons. First and foremost, we are excited that our solution has been selected for the manufacturing of diffusers for mini-LED displays, as this is one of our prioritised focus areas where we see strong growth potential. Our assessment is that a significant part of the market for LCD displays to mobile phones and laptops will upgrade to mini-LED backlighting during the coming years, and we are working actively to be part of the discussions when the manufacturers of diffusers for these displays upgrade their equipment. This order also indicates that investments are beginning to increase again in the market segments where we are active after a period with low investment levels due to the Covid-19 pandemic,” says TC TECH’s CEO Alexander Luiga.

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Press release from TC TECH Sweden AB’s 2021 Annual General Meeting

TC TECH Sweden AB’s Annual General Meeting was held today, May 20, 2021. The AGM was conducted without the shareholders' personal presence in accordance with the notice. The shareholders have exercised their voting rights through postal voting before the meeting. Through notification and a postal vote before the meeting, 47,5% of all issued shares were represented at the AGM.

The AGM approved the income statement and the balance sheet for the company for the fiscal year 2020, furthermore, the Board of Directors' proposal for appropriation of the company's results was adopted and discharged the members of the Board and the CEO from liability for the fiscal year 2020. Further, in accordance with the proposal submitted by the Nomination Committee, the AGM resolved that the Board of Directors shall consist of five ordinary Board members without deputy members. The Board will concist of the following members up to the AGM 2022: Peter Mattisson (Chairman of the Board), Per-Anders Johansson, Cecilia Jinert Johansson, Anders Jemail and Magnus Lindvall. For the same period, the Meeting elected Niclas Nordström, at the audit firm BDO Mälardalen AB, as auditor in charge. In according with the Nominating Committee’s proposal, the AGM resolved that the total fees paid to the Board, shall be 425 000 SEK, of which 125,000 shall be paid to the Chairman and SEK 75,000 shall be paid to each of those Board members elected by the AGM who are not employed by the company. It was unanimously resolved to authorize the Board to make a resolution to issue new shares. A maximum of 1,900,000 new shares may thus be issued in the period up to the AGM in 2022. Such share issue can be made with or without deviation from the current shareholders’ preferential rights. The share price shall be based on the market price at the time of the issue, with or without consideration taken to any possible market discount.

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TC TECH Sweden AB (publ) publishes its interim report

TC TECH has today published its interim report for the period January 1 to March 31, 2021. 

Net sales amounted to 0 (105) TSEK in the first quarter of 2021. In the same period, net profit/loss totalled -4 100 (-7 407) TSEK. Cash flow from operating activities was  -3 803 (-7 342) TSEK in the period from January 1[st] to March 31[st] 2021.  Developments in the first quarter of 2021 TC TECH Sweden AB (publ) announced that the company’s board of directors has resolved that the company is to establish a subsidiary in Taiwan. This subsidiary will include market and sales resources, as well as a test and evaluation centre with a production system in a cleanroom environment. The establishment includes permanent on-site placement of personnel.

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IR contact

Tommy Nee
CFO
Tel: +46(0)706 19 57 63
E-mail: tommy.nee@tctech.se

Certified Adviser

TC TECH has appointed Arctic Securities AS as its Certified Adviser.

Arctic Securities AS, Sweden bransch
Regeringsgatan 38
SE-111 56 STOCKHOLM
Tel: +46(0)8 446 860 80
Web: arctic.com/secse/en

IR-kontakt

Tommy Nee
CFO
Tel: +46(0)706 19 57 63
E-mail: tommy.nee@tctech.se

Certified Adviser

Bolaget har utsett Arctic Securities AS, filial Sverige till Certified Adviser.

Arctic Securities AS, filial Sverige
Regeringsgatan 38
111 56 STOCKHOLM
Tel: +46(0)8 446 860 80
Web: www.arctic.com/secse/