SIMTRONICS ASA ANNOUNCES FUNDING AGREEMENT WITH AUTRONICA FIRE AND SECURITY AS
Simtronics ASA announced today that it has signed an agreement for bridge funding of NOK 18 million with Autronica Fire and Security AS. On July 12th, 2010 Simtronics announced that Autronica Fire and Security AS (“Autronica”) had informed it on 11 July 2010 of a non-binding intention to launch a potential offer for all shares in Simtronics. Due to the holiday season in Norway, completion of legal conditions and approval from Oslo Børs a formal offer was not expected until mid August. Simtronics also announced that subject to a satisfactory first phase due diligence, Autronica intended