TC TECH Sweden AB (publ) publishes its Interim Report as of 31 March 2016
Net sales amounted to 0 (0) TSEK in the first quarter of 2016, while net profit/loss totalled -6 343 (-1 168) TSEK in the same period. Cash flow from operating activities was -6 966 (-128) TSEK in the period from 1 January to 31 March 2016.
Since year-end, TC TECH has hired additional key employees in the areas of installation, service and process technology in view of the planned expansion on the Asian market.
The company has signed agreement for the delivery of a production system to a customer in Taiwan, for production evaluation. The agreement provides valuable opportunities for TC TECH to build further knowhow about customer demands and technical specifications, at the same time as its validates the market’s interest in TC TECH’s technology.
For further information, contact:
Peter Mattisson, C.E.O. TC TECH
Tel: +46 (0)708–55 34 34
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.