TC TECH Sweden AB (publ) publishes its Interim Report as of September 30th, 2018
Net sales amounted to 0 (0) TSEK in the third quarter of 2018. In the same period, net profit/loss totalled -6 817 (-5 406) TSEK. Cash flow from operating activities was -1 789 (-2 222) TSEK in the third quarter of 2018.
Net sales amounted to 0 (3 141) TSEK in the first nine month of 2018, while net profit/loss totalled -22 039 (-15 668) TSEK. Cash flow from operating activities was -12 999 (-9 974) TSEK in the period from January 1st to September 30th 2018.
TC TECH Sweden AB (publ) has received a patent approval in Sweden for the patent application ”Method and arrangement for metal processing”. The approval in Sweden is the first one regarding partial hardening and extends the patent protection for the company’s general technology platform. The patent will be valid until the 3rd of July 2038.
TC TECH Sweden AB (publ) announces that the company is delivering an upgraded production system for volume production of LGPs for displays to a Taiwanese customer after successfully completed tests in the company’s facilities in Stockholm. Delivery and installation in Taiwan occurred during July. Production tests are in progress for final approval.
TC TECH has received funding of 9 MSEK from the company's main shareholder
Developments after September 30th 2018
TC TECH Sweden AB (publ) announces that the company has received final approval of the production system for high-volume manufacturing of High Performance LGPs for LCD displays that was delivered to a customer in Taiwan in July.
TC TECH Sweden AB (publ) announces that the company has signed an agreement with a customer in Taiwan to deliver a second TCP-150 system, including Roll-to-Sheet (RtS) functionality, for production of High Performance LGPs used in LCD displays. The delivery is expected to begin in December 2018 and will be visible in the interim report for Q1 2019, at the latest.
TC TECH Sweden AB (publ) announces that the company has received a letter of intent (LOI) from a Chinese manufacturer of premium quality LGPs for LCD displays to order a TCP 150 system with roll-to-sheet feeding (RtS) before the end of the year.
For further information, please contact:
Alexander Luiga, C.E.O., TC TECH Sweden AB (publ)
Tel: +46 (0)8-788 08 01
This information was submitted for publication through the agency of the contact person set out above, at 08.00 C.E.T. on November 7th 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.