TC TECH receives order for three additional production systems to existing customer in Taiwan

TC TECH Sweden AB (publ) has received an order for three production systems for volume manufacturing of high-performing LGPs to an existing customer in Taiwan. The customer is an LGP manufacturer in the premium segment and delivers components to LCD displays in sizes suitable for mobile phones, tablets and laptops.

The three systems will be delivered in 2019. They are all of TC TECH’s TCP-150 model with roll-to-sheet feeding (RtS).

“This is our largest order to date, adding further proof that our technology will be included in upcoming generations of mobile phones, tablets and laptops,” says TC TECH’s CEO Alexander Luiga.

Luiga also highlights the fierce competition between companies in the production chain for LCD displays, as well as between companies creating mobile phones and laptops. This makes the industry open to technological advancements in areas where TC TECH is well positioned.

TC TECH is also anticipating an order from a customer in China that has signed a letter of intent to order one production system no later than the end of 2018, as announced in a previous press release. This letter of intent has now been extended to the end of Q1 2019 following a request from the customer.

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 January 2nd 2019.

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. Arctic Securities is the company’s Certified Adviser.