TC TECH recruits Björn Hallare as COO with focus on product development, quality assurance and manufacturing

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.

During his time as interim COO, Björn Hallare was highly instrumental in the development of the company’s new version of the production system for high-volume manufacturing of highly efficient LGPs for edge-lit LCD displays that are used in products such as mobile phones and laptops.

"Björn has had an important role during the testing and optimisation phase of the two production systems of the earlier version in Taiwan, as well as in the process of upgrading to the new version that we will start to deliver during the second quarter of this year. We are therefore pleased to be able to announce the recruitment of Björn as our permanent COO," says TC TECH’s CEO Alexander Luiga.

As COO, Björn Hallare will focus on continued product development and manufacturing of future products as well as quality assurance and logistics.

"This recruitment is another important step forward in our work towards being able to secure additional orders for our production system, while at the same time preparing for the two initial deliveries in Taiwan. When these deliveries are completed, Björn will become a valuable resource in our development of additional applications for our patented technology", says Alexander Luiga.

For further information, contact:

Alexander Luiga, C.E.O. of TC TECH
Tel: 46 (0)8 - 788 08 01
E-mail: alexander.luiga@tctech.se
www.tctech.se

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 15 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.