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TC TECH has published its interim report

TC TECH has today published its interim report for the period to March 31, 2018.

In the first quarter of 2018, net sales amounted to 0 (3 141) TSEK, net profit/loss to  -2 648 (-4 472) TSEK and cash flow from operating activities to -5 045 (-4 095) TSEK. TC TECH Sweden AB (publ) has received a patent approval in Taiwan for the patent application ”Device and method for heating a Mould or Tool”. The approval in Taiwan follows earlier approvals in Japan and China for the same patent family within electromagnetism, that strengthens and extends the patent protection for the company’s general technology platform. TC TECH Sweden AB (publ) has completed the specification and initiated the manufacturing of an upgraded version of the company’s production system for light guide plates (LGPs) that are used in LCD displays. The company has formally agreed to upgrade two delivered systems in Taiwan to the new version, the first in Q2 2018 and the second in H2 2018. TC TECH Sweden AB (publ) announces that Björn Hallare has been appointed as the company’s chief operating officer (COO) after having served as interim COO since the autumn of 2017. Björn’s 25 years of experience from managing development and industrialization projects at companies such as Ericsson, Huawei and Telia add important knowledge to the company’s development of production systems for light guide plates (LGPs) used in LCD displays.

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TC TECH Sweden AB (publ) - Summarized Financial Statements December 31 2017

Net sales amounted to 0 (0) TSEK in the fourth quarter of 2017.  Net profit/loss totalled -8 116 (-5 046) TSEK in the fourth quarter of the year.   Cash flow from operating activities was -5 208 (-3 591) TSEK in the period from October 1st to December 31 2017.   Net sales amounted to 3 141 (0) TSEK in the full year 2017, While net profit/loss totalled -23 784 (-22 816) TSEK in the full year 2017.  Cash flow from operating activities was -15 182 (-17 945) TSEK in the full year 2017.  

TC TECH Sweden AB (publ) has received a patent approval in Taiwan for the patent application ”Device and method for heating a Mould or Tool”. The approval in Taiwan follows earlier approvals in Japan and China for the same patent family within electromagnetism, that strengthens and extends the patent protection for the company’s general technology platform. TC TECH Sweden AB (publ) has completed the specification and initiated the manufacturing of an upgraded version of the company’s production system for light guide plates (LGPs) that are used in LCD displays. The company has formally agreed to upgrade two delivered systems in Taiwan to the new version, the first in Q2 2018 and the second in H2 2018.  TC TECH Sweden AB (publ) announces that Björn Hallare has been appointed as the company’s chief operating officer (COO) after having served as interim COO since the autumn of 2017. Björn’s 25 years of experience from managing development and industrialization projects at companies such as Ericsson, Huawei and Telia add important knowledge to the company’s development of production systems for light guide plates (LGPs) used in LCD displays.

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TC TECH recruits Björn Hallare as COO with focus on product development, quality assurance and manufacturing

TC TECH Sweden AB (publ) announces that Björn Hallare has been appointed as the company’s chief operating officer (COO) after having served as interim COO since the autumn of 2017. Björn’s 25 years of experience from managing development and industrialization projects at companies such as Ericsson, Huawei and Telia add important knowledge to the company’s development of production systems for light guide plates (LGPs) used in LCD displays.

During his time as interim COO, Björn Hallare was highly instrumental in the development of the company’s new version of the production system for high-volume manufacturing of highly efficient LGPs for edge-lit LCD displays that are used in products such as mobile phones and laptops. "Björn has had an important role during the testing and optimisation phase of the two production systems of the earlier version in Taiwan, as well as in the process of upgrading to the new version that we will start to deliver during the second quarter of this year. We are therefore pleased to be able to announce the recruitment of Björn as our permanent COO," says TC TECH’s CEO Alexander Luiga. As COO, Björn Hallare will focus on continued product development and manufacturing of future products as well as quality assurance and logistics. "This recruitment is another important step forward in our work towards being able to secure additional orders for our production system, while at the same time preparing for the two initial deliveries in Taiwan. When these deliveries are completed, Björn will become a valuable resource in our development of additional applications for our patented technology", says Alexander Luiga.

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TC TECH is finalising a new version of its production system for light guide plates in LCD displays, first delivery to customer in Q2 2018

TC TECH Sweden AB (publ) has completed the specification and initiated the manufacturing of an upgraded version of the company’s production system for light guide plates (LGPs) that are used in LCD displays. The company has formally agreed to upgrade two delivered systems in Taiwan to the new version, the first in Q2 2018 and the second in H2 2018. Upon approved installation, the company will receive the remaining approx. 40% of the payment.

"After a completed testing and optimisation phase with the two units of the earlier version that were delivered in Taiwan, vi are now finalising a new version that we deem to be ready for high-volume manufacturing in industrial settings. This is an important milestone for us as the development of the industrial process has been more demanding than expected," says TC TECHs CEO Alexander Luiga. The upgrades in new version of the production system, that retains the model number TCP 150 HPE, include a more robust power supply and a more stable construction to minimize the disturbance from external sources of vibration. Additionally, the actual pressing process has been optimised with an upgraded press piston as well as improved adaptation to roll-to-sheet feeding. "We can now increase our sales efforts towards additional customers with improved credibility, and when the first unit is installed in Taiwan we will be able to use it as a reference case that is installed and running. In the light of this, we now have better possibilities than ever to drive the transition to thinner, more energy-efficient LCD displays with better picture quality in mobile phones, tablets and laptops", says TC TECHs CEO Alexander Luiga. The delivery of the two systems in Taiwan, the first in the end of the second quarter and the second during the second half of 2018, is defined as upgrades of previously delivered systems. Upon installation and final customer approval (SAT-test, site acceptance test) TC TECH will receive the remaining approx. 40% of the payment. These deliveries are expected to generate additional orders and ongoing revenue from service and standard maintenance going forward.

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TC TECH receives patent approval in Taiwan that strengthens the protection of the company’s technology platform

TC TECH Sweden AB (publ) has received a patent approval in Taiwan for the patent application ”Device and method for heating a Mould or Tool”. The approval in Taiwan follows earlier approvals in Japan and China for the same patent family within electromagnetism, that strengthens and extends the patent protection for the company’s general technology platform. The patent will be valid until the 13th of June 2032.

TC TECH’s technology platform makes it to possible to use induction (electromagnetism) to heat up, emboss and cool down detailed objects made of plastic, or other materials, with nanometer precision. The approved patent will protect the basic use of electromagnetism in the technology platform. “This patent approval is encouraging as it extends the patent protection for our technology platform on an important Asian market. Corresponding patent applications have been filed in several other important markets in Asia, Europe and North America,” says TC TECH CEO Alexander Luiga. Initially, TC TECH has developed a production system for the manufacturing of a new generation of light guide plates (LGPs) that can substantially reduce the energy consumption in edge-lit LCD displays, while at the same time improving the picture quality. Edge-lit LCD displays are used in the majority of all mobile phones, tablets, laptops, computer displays and TVs on the market today. TC TECHs technology platform also has the potential to be used within several additional application areas. Two production systems for the manufacturing of LGPs have been delivered in Taiwan, and they are now being used in demanding industrial conditions. This makes it possible to continuously improve the production system for optimal performance during high-volume manufacturing.

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

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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/