TC TECH receives final approval from customer in Taiwan

TC TECH Sweden AB (publ) announces that the company has received final approval of the production system for high-volume manufacturing of High Performance LGPs for LCD displays that was delivered to a customer in Taiwan in July. This is an important milestone for the company as it now has a fully approved product in Asia for mass production of ultra-thin plastic products with nanostructure patterns.

The customer that has approved the production system is an Asian company within development and production of components for major manufacturers of LCD displays.

“TC TECH now takes an important step forward, from being a development company with a strong technology platform to also being a supplier of a market leading product that is used commercially for industrial high-volume manufacturing. We awaited this final approval, that was preceded by rigorous long-term testing, and commercial manufacturing in increasing volumes at the customer’s production facility before we start offering the system to additional customers. Now that we have achieved this, we are starting up our sales activities at full speed, and we see excellent possibilities to convert ongoing discussions with existing and potential customers to new orders already in 2018,” says TC TECH’s CEO Alexander Luiga.

TC TECH’s production system for the manufacturing of ultra-thin, High Performance LGPs (Light Guide Plates) used in LCD displays makes it possible to create LCD displays that are thinner and has an improved picture quality while also consuming less energy. The competition between manufacturers of LCD displays, and from manufacturers of OLED displays, has created a very strong interest in TC TECH’s production system and technology from companies at different stages of the production chain aiming to take LCD displays to the next level.

For further information, please contact:

Alexander Luiga, C.E.O., TC TECH Sweden AB (publ)
Tel: +46 (0)8-788 08 01
Email: alexander.luiga@tctech.se
www.tctech.se

This information was submitted for publication through the agency of the contact person set out above, at 8.00 C.E.T. on October 8th 2018.

About TC TECH

TC TECH develops, manufactures and sells systems used for the replication of nano-structures in polymer products. The company’s business operations are based on an IPR-protected induction technology developed by TC TECH’s own R & D team. The technology makes it possible to heat and cool different kinds of material – in very short time, and with very high precision. The technology is well suited for polymers, and the company has chosen Light Guide Plates (LGP) as its initial focus. LGP is an acrylic panel that directs and diffuses the light emitted from the light source behind the display. TC TECH’s system makes it possible to produce displays that are thinner, refracts light more efficiently while at the same time reducing energy consumption.

The TC TECH share is listed on Nasdaq First North. Erik Penser Bank is the company’s Certified Adviser.