IMPACT COATINGS RECEIVES SYSTEM ORDER FROM LISTED COMPANY SHOUHANG
Impact Coatings has received an order for a coating system for the development and production of PVD coatings. The buyer is the publicly listed company Beijing Shouhang Resources Saving Co., Ltd (China). The order value is approximately SEK 11.2 million.
Impact Coatings has received pre-payment and an Irrevocable Letter of Credit that together amount to 90% of the order value. The remaining 10% payment will be received upon installation and final customer acceptance. Delivery is planned for Q3 2019.
A license for export outside the EU is required from the Swedish Inspectorate of Strategic Products (ISP), if a product is classified as a dual-use item. As the assessment of Impact Coatings is that the order may require an export license, the company will submit an application to ISP. The system order is therefore valid under the condition that the export license is granted, if required.
For more information, contact:
Torbjörn Sandberg, CEO
+46 768 43 43 76
Peter Högfeldt, VP Marketing
+46 708 87 44 34
E-mail: investors@impactcoatings.se
Impact Coatings AB (publ) is required to disclose this information in accordance with EU market abuse regulations. The information was delivered, via the contact persons named above, for publication on February 4, 2019, at 2:45 p.m. CET.
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About Impact Coatings AB
Impact Coatings develops and delivers world-leading technology for industrial PVD-coatings with a focus on fuel cell, decorative, metallization, and reflector applications. PVD is a method of, under vacuum, producing thin layers of metals and ceramics – surface coatings that maximize performance and durability. Impact Coatings markets coating equipment under the trade name INLINECOATER™ and coatings under MAXPHASE™.
The company’s shares trade on the Nasdaq First North exchange (Nasdaq OMX Nordic). The company’s Certified Adviser is Redeye AB, reachable via Certifiedadviser@redeye.se or
+46 (0)8 121 576 90.