TC TECH Sweden AB (publ) - Summarized Financial Statements December 31 2017
Net sales amounted to 0 (0) TSEK in the fourth quarter of 2017. Net profit/loss totalled -8 116 (-5 046) TSEK in the fourth quarter of the year. Cash flow from operating activities was -5 208 (-3 591) TSEK in the period from October 1st to December 31 2017.
Net sales amounted to 3 141 (0) TSEK in the full year 2017, While net profit/loss totalled -23 784 (-22 816) TSEK in the full year 2017. Cash flow from operating activities was -15 182 (-17 945) TSEK in the full year 2017.
TC TECH Sweden AB (publ) has received a patent approval in Taiwan for the patent application ”Device and method for heating a Mould or Tool”. The approval in Taiwan follows earlier approvals in Japan and China for the same patent family within electromagnetism, that strengthens and extends the patent protection for the company’s general technology platform.
TC TECH Sweden AB (publ) has completed the specification and initiated the manufacturing of an upgraded version of the company’s production system for light guide plates (LGPs) that are used in LCD displays. The company has formally agreed to upgrade two delivered systems in Taiwan to the new version, the first in Q2 2018 and the second in H2 2018.
TC TECH Sweden AB (publ) announces that Björn Hallare has been appointed as the company’s chief operating officer (COO) after having served as interim COO since the autumn of 2017. Björn’s 25 years of experience from managing development and industrialization projects at companies such as Ericsson, Huawei and Telia add important knowledge to the company’s development of production systems for light guide plates (LGPs) used in LCD displays.
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 February 22 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.