TC TECH Sweden AB (publ) publishes its Interim Report as of September 30th, 2019

TC TECH has today published its interim report for the period January 1 to September 30, 2019

Net sales amounted to 4 717 (0) TSEK in the third quarter of 2019. In the same period, net profit/loss totalled -6 261 (-6 817) TSEK. Cash flow from operating activities was -2 243 (-1 789) TSEK in the third quarter of 2019.

Net sales amounted to 9 835 (0) TSEK in the first nine month of 2019, while net profit/loss totalled -21 633 (-22 039) TSEK. Cash flow from operating activities was -18 190 (-12 999) TSEK in the period from January 1st to September 30th 2019.

•  TC TECH Sweden AB (publ) announced that the company has received final approval of a production system for high-performing LGPs used in LCD displays from a Taiwan-based customer. The system has been delivered and installed at the customer’s facilities during the summer. 

•  TC TECH Sweden AB (publ) announced that the company has received an order for one production system used for manufacturing of high-performing LGPs for LCD displays from Nicrotek Co., Ltd, a Chinese LGP manufacturer who is a part of the SVG Optronics Tech Group, and in accordance with the letter of intent previously communicated. The order was received through their Chinese distributor QJ-TEC.  

Developments after September 30th, 2019

•  TC TECH Sweden AB (publ) has in October made a directed equity issue of 1 412 700 shares, based on the authorization granted by the AGM held on May 9th 2019. As a result of this resolution, the company’s share capital increased by SEK 113 016 and liquid funds by around SEK 19 million. 

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 9.30 C.E.T. on October 25 2019.

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 Growth Market.

Arctic Securities is the company's Certified Adviser, email: certifiedadviser@arctic.com, tel: +46 844 68 61 00.