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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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TC TECH Sweden AB (publ) - Interim Report September 30 2017

Net sales amounted to 0 (0) TSEK in the third quarter of 2017.  Net profit/loss totalled -5 406 (-5 498) TSEK in the third quarter of the year.   Cash flow from operating activities was -2 222 (-3 847) TSEK in the period from July 1st to September 30th 2017. Net sales amounted to 3 141 (0) TSEK in the first nine month of 2017, While net profit/loss totalled -15 668 (-17 769) TSEK in the period from January 1st to September 30th 2017.  Cash flow from operating activities was -9 974 (-15 135) TSEK in the period from January 1st to September 30th 2017.

TC TECH’s patent regarding active intermediate is now approved in China and Japan. The patent concerns the basic electromagnetism in TC TECH´s technology and expand the existing patent families. The patent is regarding TC TECH´s unique technology to manufacture for example ultra-thin light guide plates. With TC TECH´s technology it is possible to manufacture light guide plates with a thickness down to 0.1 mm. The technology enables fabrication of double-sided nano pattern even in the thinnest light guide plates. Together with high productivity, this makes TC TECH´s system unique.

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TC TECH patent approved in China and Japan

TC TECH’s patent regarding active intermediate is now approved in China and Japan.

The patent concerns the basic electromagnetism in TC TECH´s technology and expand the existing patent families. The patent is regarding TC TECH´s unique technology to manufacture for example ultra-thin light guide plates. With TC TECH´s technology it is possible to manufacture light guide plates with a thickness down to 0.1 mm. TC TECH´s technology enables fabrication of double-sided nano pattern even in the thinnest light guide plates. Together with high productivity, this makes TC TECH´s system unique.

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TC TECH Sweden AB (publ) publishes its interim report as of 30 June 2017

Net sales amounted to 0 (0) TSEK in the second quarter of 2017. In the same period, net profit/loss totalled -5 869 (-5 928) TSEK. Cash flow from operating activities was -3 657 (-4 323) TSEK in the period from 1 April to 30 June 2017. In the first half of 2017, net sales amounted to 3 141 (0) TSEK, while net profit/loss totalled -10 262 (-12 272) TSEK. Cash flow from operating activities was -7 752 (-11 289) TSEK in the period from 1 January to 30 June 2017.

In April, TC TECH’s Roll to Sheet system (RtS) was cleared for shipment to Taiwan. This new handling equipment has been developed in close cooperation with the customer, and was cleared at TC TECH’s premises in Spånga under conditions similar to full-scale production. The RtS equipment will now be available to the customer for three months of evaluation, part of the time in full-scale production. TC TECH has in June made a directed equity issue of 833 333 shares, based on the authorization granted by the AGM held on May 18th 2017. As a result of this resolution, the company’s share capital increased by SEK 66.7 thousand and liquid funds by around SEK 20 million.

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IR contact

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

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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/