TC TECH Sweden AB (publ) - Interim Report September 30 2017
Net sales amounted to 0 (0) TSEK in the third quarter of 2017. Net profit/loss totalled -5 406 (-5 498) TSEK in the third quarter of the year. Cash flow from operating activities was -2 222 (-3 847) TSEK in the period from July 1st to September 30th 2017.
Net sales amounted to 3 141 (0) TSEK in the first nine month of 2017, While net profit/loss totalled -15 668 (-17 769) TSEK in the period from January 1st to September 30th 2017. Cash flow from operating activities was -9 974 (-15 135) TSEK in the period from January 1st to September 30th 2017.
TC TECH’s patent regarding active intermediate is now approved in China and Japan. The patent concerns the basic electromagnetism in TC TECH´s technology and expand the existing patent families. The patent is regarding TC TECH´s unique technology to manufacture for example ultra-thin light guide plates. With TC TECH´s technology it is possible to manufacture light guide plates with a thickness down to 0.1 mm. The technology enables fabrication of double-sided nano pattern even in the thinnest light guide plates. Together with high productivity, this makes TC TECH´s system unique.
For further information, contact:
Alexander Luiga, C.E.O. of TC TECH
Tel: 46 (0)8 - 788 08 01
This information is information that TC TECH Sweden AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 8.00 C.E.T. on November 23 2017.
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.