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TC TECH Sweden AB (publ) Summarized Financial Statements 31 December 2015

· Net sales amounted to 0 (0) TSEK in 2015, of which 0 (0) TSEK in the fourth quarter of the year. · Net profit/loss totalled -9 166 (-2 967) TSEK in 2015, of which -5 759 (-1 029) TSEK in the fourth quarter of the year.   · In October 2015, TC TECH secured its first order from a customer in Taiwan. Shipment was commenced in December, and the system is expected to be put into operation in the first quarter of 2016. · In October – November 2015, TC TECH made a new share issue whereby the company’s share capital increased by 280 TSEK. The net cash infusion amounted to 27 593 TSEK. The issue was over-subscribed by some 300 per cent. · On 30 November 2015, the company’s share was listed on Nasdaq First North (Stockholm).        Developments after year-end   · There are discussions and tests going on with a growing number of potential customers, several of whom are evaluating the possibility of exploiting TC TECH’s technology for a new generation LGP with advanced optical structures.    · Additional key employees have been recruited, such as an incoming head of technical support/customer installations who is currently employed by Mycronic Japan. · On 1 March, deputy C.E.O. Alexander Luiga joins the TC TECH team. Alexander has extensive experience from business development and sales in Asia, and is currently employed by the Efore Group. · On 1 March, TC TECH expands its premises in Spånga by some 200 m2  office space, adjacent to its current R&D facilities.  

Comments from Peter Mattisson, C.E.O. TC TECH is a technological innovator that has developed a leading-edge production technology for LGP (Light Guide Plates) used in the global display industry. A number of our production systems are now ready for launch, and have met with strong interest among potential customers. We have thus taken our first steps towards commercialization. Smartphones, tablets and laptops are becoming more and more complex and advanced – with improved functionality, and higher performance. Manufacturers are constantly striving for higher-quality displays.  At the same time, however, these displays should also be as thin and energy saving as possible. The energy factor is an important one, as battery capacity for mobile units remains a bottleneck. Concurrently, the world’s total energy consumption for television sets, monitors and displays remains a global problem. With TC TECH’s systems it is possible to produce thinner and optically more advanced LGP. Which, in turn, makes it possible to produce thinner and less energy-consuming screens. This might very well entail a shift of paradigm in the production of LGP. In my opinion, TC TECH might very well position its production systems as a new standard for the manufacture of next generation’s LGP for the display industry. TC TECH is now entering a new phase, launching its systems on the market. We have a strong network among the leading producers of screens, displays and components in Asia, who have shown a great interest in our technology. There are currently a number of discussions and tests going on with several potential customers. We have noted a growing demand for LGP based on optically more advanced matrixes, but it is difficult to estimate when such advanced matrixes will actually gain the upper hand. TC TECH’s progress is also closely linked to the rate at which our potential customers develop their own, more advanced matrixes. The response we are getting, however, is confirming our belief in TC TECH’s unique technology. We know that TC TECH has what it takes to develop next generation’s more sophisticated LGP. In the third quarter of 2015 TC TECH landed its first order,…

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TC TECH’s new share issue over-subscribed – the company has been approved for listing on Nasdaq First North from 30 November 2015

TC TECH Sweden AB (publ) (”TC TECH” or ”the Company”) has now closed its public offer for subscription of new shares in the Company (the ”Offer”), which was over-subscribed. The Company’s application for listing on Nasdaq First North has been approved, and the first day for TC TECH’s share to be traded on the market will be 30 November 2015.

TC TECH’s new share issue in view of the Company’s listing on Nasdaq First North resulted in subscriptions totalling SEK 110 million, or a subscription rate surpassing 300 per cent. The issue provides the Company with a capital contribution of SEK 29.8 million before transaction costs, and around 800 new shareholders. TC TECH’s application for listing on Nasdaq First North has been approved, and the first day for the TC TECH share to be traded on the market will be Monday 30 November 2015. The subscription period for TC TECH’s new share issue ended on 19 November 2015.  A number of institutional and private investors, some of them members of TC TECH’s Board of Directors and Management, guaranteed SEK 21.1 million (or 67.7 per cent) of the issue before the subscription period started. Upon registration of the new issue, the Company’s total number of shares will increase by 3,500,000, to a total of 10,071,550 issued shares. This corresponds to an increase of share capital and votes by 53.3 per cent. ”TC TECH is now entering an exciting phase: the commercialization of our innovative technology in the screen industry. We are pleased and honoured by the strong interest from the stock market, and are of course encouraged by the over-subscription in view of our pending listing on Nasdaq First North. Now we look forward to the next few years, when we will secure a foothold on the screen market, enhance the economic potential of TC TECH and make our shareholders satisfied” says Peter Mattisson, TC TECH’s C.E.O. Advisers TC TECH has appointed Erik Penser Bankaktiebolag its financial adviser. As legal adviser has been appointed the commercial law firm Delphi in Malmö.

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New share issue in TC TECH in connection with the planned listing on Nasdaq First North

TC TECH Sweden AB (publ) develops production technology for the screen industry – advanced systems that make it possible to produce screens that are thinner, better and energy-saving. TC TECH is now entering its commercialization phase, having recently secured its first order from a client in Taiwan. To finance its continued expansion TC TECH is now offering a new share issue amounting to SEK 29.8 million, and has applied for a listing on Nasdaq First North.

TC TECH has developed systems for the production of advanced plastic component. The company’s technology is based on an IPR-protected induction technique that makes it possible to heat and cool material, rapidly and with great exactitude. To begin with, TC TECH has chosen to focus on systems for the production of so-called Light Guide Plates (LGP) for screens and displays. An LGP is a plastic plate or film that directs and scatters light out the front.   TC TECH is now entering the commercialization phase, having recently received its first order for a production system from a customer in Taiwan. The company’s ambition is to secure orders for 10 additional systems in 2016, from the Asian screen industry. Background and purpose TC TECH’s technology is based on ten years of dedicated R&D. In the past few years, the company has developed production systems that have met with strong interest in the screen industry. TC TECH has well-established contacts with the leading manufacturers of screens and screen components, and the company recently landed its first order from a customer in Taiwan. To pursue the planned commercialization and expansion, and to secure the operating capital needed when sales volumes grow in 2016, TC TECH now needs to strengthen its financial position. The planned new issue will result in a capital contribution of SEK 29.8 million before transaction costs, which will secure the financial strength needed for TC TECH to establish itself on the international market. Cornerstone investors (including the company’s Board of Directors and Management) have already guaranteed SEK 21.1 million of the issue. In combination with the pending listing on Nasdaq First North, the new share issue will provide market depth for the TC TECH share. The listing ensures access to the stock market, thus paving the way for future capital contributions that might be prompted by rapid growth and expansion. The listing further provides TC TECH with new shareholders who may, over time, contribute to the company’s growth and diversification. The pending listing is also expected to benefit TC TECH’s relations with partners, employees, suppliers, and – in particular –…

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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/