TC TECH Sweden AB (publ) publishes its interimreport as of 30 June 2018
Net sales amounted to 0 (0) TSEK in the second quarter of 2018. In the same period, net profit/loss totalled -7 557 (-5 869) TSEK. Cash flow from operating activities was -6 164 (-3 657) TSEK in the second quarter of 2018.
Net sales amounted to 0 (3 141) TSEK in the first half of 2018, while net profit/loss totalled -15 222 (-10 262) TSEK. Cash flow from operating activities was -11 210 (-7 752) TSEK in the period from 1 January to 30 June 2017.
TC TECH has in June made a directed equity issue of 1 217 800 shares, based on the authorization granted by the AGM held on May 16th 2018. As a result of this resolution, the company’s share capital increased by SEK 97.4 thousand and liquid funds by around SEK 14 million.
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
For further information, contact:
Alexander Luiga, C.E.O. of TC TECH
Tel: 46 (0)8 - 788 08 01
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 16.00 C.E.T. on August 28 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.