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TC TECH receives order for one production system from leading Asian LGP manufacturer for laptops and tablets

TC TECH Sweden AB (publ) announces that the company has received an order for one production system for high-performing LGPs for LCD displays from a leading LGP manufacturer based in Taiwan. The customer delivers LGPs for laptops and tablets from globally recognized brands.

The order is TC TECH’s first from a customer with a strong focus on LGPs for LCD displays in larger sizes than mobile phone displays. The customer conducts significant research and development in LCD display solutions, and has well-established relations with premium manufacturers of laptops and tablets. “With this order, we are able to initiate a commercial relation with a leading customer in a key segment for our technology platform. It will be really exciting to see how they will utilize the advantages of our LGPs,” says TC TECH’s CEO Alexander Luiga. LGPs manufactured with the use of TC TECH’s technology platform are ideally suited to integrate into LCD displays for laptops and tablets in the premium segment. End customers who purchase these products want the advantages that the technology offers, such as thinner products, lower energy consumption and improved image quality.

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TC TECH Sweden AB (publ) - Summarized Financial Statements December 31 2018

Net sales amounted to 48 (0) TSEK in the fourth quarter of 2018.  Net profit/loss totalled -10 326 (-8 116) TSEK in the fourth quarter of the year.   Cash flow from operating activities was -12 047 (-5 208) TSEK in the period from October 1st to December 31 2018.   Net sales amounted to 48 (3 141) TSEK in the full year 2018, While net profit/loss totalled -32 365 (-23 784) TSEK in the full year 2018.  Cash flow from operating activities was -25 046 (-15 182) TSEK in the full year 2018.  

·  TC TECH Sweden AB (publ) announces that the company has received final approval of the production system for high-volume manufacturing of High Performance LGPs for LCD displays that was delivered to a customer in Taiwan in July. ·  TC TECH Sweden AB (publ) announces that the company has signed an agreement with a customer in Taiwan to deliver a second TCP-150 system, including Roll-to-Sheet (RtS) functionality, for production of High Performance LGPs used in LCD displays. The delivery is expected to begin in December 2018 and will be visible in the interim report for Q1 2019, at the latest. ·  TC TECH Sweden AB (publ) announces that the company has received a letter of intent (LOI) from a Chinese manufacturer of premium quality LGPs for LCD displays to order a TCP 150 system with roll-to-sheet feeding (RtS) before the end of the year. ·   TC TECH Sweden AB (publ) announces that the company has changed Capital Adviser to Arctic Securities. ·  TC TECH Sweden AB (publ) held an Extraordinary General Meeting today, November 16 2018, adjacent to the company’s own premises at Domnarvsgatan 4 in Spånga, Sweden. Approximately 57 % of all issued shares were represented at the EGM.    Developments after year-end 2018   ·  TC TECH Sweden AB (publ) has received an order for three production systems for volume manufacturing of high-performing LGPs to an existing customer in Taiwan. The customer is an LGP manufacturer in the premium segment and delivers components to LCD displays in sizes suitable for mobile phones, tablets and laptops.

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TC TECH receives order for three additional production systems to existing customer in Taiwan

TC TECH Sweden AB (publ) has received an order for three production systems for volume manufacturing of high-performing LGPs to an existing customer in Taiwan. The customer is an LGP manufacturer in the premium segment and delivers components to LCD displays in sizes suitable for mobile phones, tablets and laptops.

The three systems will be delivered in 2019. They are all of TC TECH’s TCP-150 model with roll-to-sheet feeding (RtS). “This is our largest order to date, adding further proof that our technology will be included in upcoming generations of mobile phones, tablets and laptops,” says TC TECH’s CEO Alexander Luiga. Luiga also highlights the fierce competition between companies in the production chain for LCD displays, as well as between companies creating mobile phones and laptops. This makes the industry open to technological advancements in areas where TC TECH is well positioned. TC TECH is also anticipating an order from a customer in China that has signed a letter of intent to order one production system no later than the end of 2018, as announced in a previous press release. This letter of intent has now been extended to the end of Q1 2019 following a request from the customer.

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Extraordinary General Meeting held by TC TECH Sweden AB (publ)

TC TECH Sweden AB (publ) held an Extraordinary General Meeting today, November 16 2018, adjacent to the company’s own premises at Domnarvsgatan 4 in Spånga, Sweden. Approximately 57 % of all issued shares were represented at the EGM. 

It was decided to authorize the Board to make a resolution to issue new shares. The EGM approved the board of directors decision regarding a rights issue of maximum 2,142,680 new shares, increasing the share capital with 171,414,40 SEK. The EGM also approved the board of directors decision regarding an allotment issue of maximum 715,000 new shares, increasing the share capital with 57,200 SEK.

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TC TECH Sweden AB (publ) publishes its Interim Report as of September 30th, 2018

Net sales amounted to 0 (0) TSEK in the third quarter of 2018. In the same period, net profit/loss totalled -6 817 (-5 406) TSEK. Cash flow from operating activities was -1 789 (-2 222) TSEK in the third quarter of 2018. Net sales amounted to 0 (3 141) TSEK in the first nine month of 2018, while net profit/loss totalled -22 039 (-15 668) TSEK. Cash flow from operating activities was -12 999 (-9 974) TSEK in the period from January 1st to September 30th 2018.

TC TECH Sweden AB (publ) has received a patent approval in Sweden for the patent application ”Method and arrangement for metal processing”. The approval in Sweden is the first one regarding partial hardening and extends the patent protection for the company’s general technology platform. The patent will be valid until the 3rd of July 2038. TC TECH Sweden AB (publ) announces that the company is delivering an upgraded production system for volume production of LGPs for displays to a Taiwanese customer after successfully completed tests in the company’s facilities in Stockholm. Delivery and installation in Taiwan occurred during July. Production tests are in progress for final approval.   TC TECH has received funding of 9 MSEK from the company's main shareholder  Developments after September 30th 2018 TC TECH Sweden AB (publ) announces that the company has received final approval of the production system for high-volume manufacturing of High Performance LGPs for LCD displays that was delivered to a customer in Taiwan in July. TC TECH Sweden AB (publ) announces that the company has signed an agreement with a customer in Taiwan to deliver a second TCP-150 system, including Roll-to-Sheet (RtS) functionality, for production of High Performance LGPs used in LCD displays. The delivery is expected to begin in December 2018 and will be visible in the interim report for Q1 2019, at the latest. TC TECH Sweden AB (publ) announces that the company has received a letter of intent (LOI) from a Chinese manufacturer of premium quality LGPs for LCD displays to order a TCP 150 system with roll-to-sheet feeding (RtS) before the end of the year.

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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
Biblioteksgatan 8
SE-111 46 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
Biblioteksgatan 8
111 46 STOCKHOLM
Tel: +46(0)8 446 860 80
Web: www.arctic.com/secse/