TC TECH Sweden AB (publ) publishes its interimreport as of June 30th, 2019

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

Net sales amounted to 4 254 (0) TSEK in the second quarter of 2019. In the same period, net profit/loss totalled -6 838 (-7 557) TSEK. Cash flow from operating activities was -9 270 (-6 164) TSEK in the second quarter of 2019. 

Net sales amounted to 5 118 (0) TSEK in the first half of 2019, while net profit/loss totalled -15 372 (-15 222) TSEK. Cash flow from operating activities was -15 947 (-11 210) TSEK in the period from 1 January to 30 June 2019. 

• TC TECH Sweden AB (publ) announced that the company has received an order for one production system for high-performing LGPs for LCD displays from a leading LGP manufacturer based in Taiwan. The customer delivers LGPs for laptops and tablets from globally recognized brands.

Developments after June 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. 

For further information, please contact:

Alexander Luiga, C.E.O., TC TECH Sweden AB (publ)
Tel: +46 (0)8-788 08 01
Email: alexander.luiga@tctech.se
www.tctech.se

This information was submitted for publication through the agency of the contact person set out above, at 8.00 C.E.T. on August 15th 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.

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