CTT Systems rights issue fully subscribed.
CTT Systems rights issue fully subscribed. The new rights issue in CTT Systems AB was fully subscribed and generated funds of SEK 51 million. The rights issue was directed to already existing shareholders, with the condition one new share per four existing shares, to the price of 50 SEK. The rights issue increases the number of outstanding shares with 1,021,000 shares. After the rights issue the share capital amounts to 5,106,000 SEK and the number of shares amounts to 5,106,000 shares. The new shares will be subjected to trading on the OM Stockholm Exchange AB O-list as of mid October. TM The CTT Zonal Drying System is designed to combat problems related to water condensation in the thermal and acoustic insulation of modern passenger aircraft. Airlines encountering "rain-in-the-plane" syndrome and other difficulties related to moisture accumulation in their TM insulation blankets can use the Zonal Drying System to mitigate these problems, reduce maintenance costs by increasing the service life of the insulation and realize significant fuel savings by eliminating the non-revenue weight of the accumulated water condensate. By keeping dry the area between the interior trim panels and the aircraft skin, the Zonal TM Drying System also reduces corrosion and the risk of failure of electronic systems and wiring. CTT Systems have recently launched the TM Zonal Comfort System in order to offer an increased humidity level in the cabin at the same time as condensation is prevented using the Zonal TM Drying System. TM To date, CTT have the following customers for their Zonal Drying system: Martinair for B767-300 and MD11 Jet Aviation for Excecutive aircrafts B767-200, B757-200 and Boeing Business Jet KLM Royal Dutch Airlines for MD11 and B767 Austrian Airlines for MD80 LTU for Airbus A330 Raytheon Systems Company regarding NASA/DLR SOFIA-project (Stratospheric Observatory For Infrared Astronomy) Canadair Regional Jet (undisclosed operator) Swissair for MD11 SAS regarding Moisture Management System for Boeing B767 STERLING EUROPEAN AIRLINES for Boeing B737-800 (Next Generation) CTT Systems AB is located in Nyköping, Sweden and listed on the OM Stockholm Exchange AB O-list in Stockholm. For further information please contact: Torbjörn Johansson President CTT Systems AB Phone: +46-155-284410 Fax: +46-155-290884 E-mail: firstname.lastname@example.org Web site: www.ctt.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/09/19/20000919BIT00840/bit0001.doc http://www.bit.se/bitonline/2000/09/19/20000919BIT00840/bit0002.pdf