TC TECH Sweden AB (publ) has completed the specification and initiated the manufacturing of an upgraded version of the companyâ€™s production system for light guide plates (LGPs) that are used in LCD displays. The company has formally agreed to upgrade two delivered systems in Taiwan to the new version, the first in Q2 2018 and the second in H2 2018. Upon approved installation, the company will receive the remaining approx. 40% of the payment.
“After a completed testing and optimisation phase with the two units of the earlier version that were delivered in Taiwan, vi are now finalising a new version that we deem to be ready for high-volume manufacturing in industrial settings. This is an important milestone for us as the development of the industrial process has been more demanding than expected,” says TC TECHs CEO Alexander Luiga.
The upgrades in new version of the production system, that retains the model number TCP 150 HPE, include a more robust power supply and a more stable construction to minimize the disturbance from external sources of vibration. Additionally, the actual pressing process has been optimised with an upgraded press piston as well as improved adaptation to roll-to-sheet feeding.
“We can now increase our sales efforts towards additional customers with improved credibility, and when the first unit is installed in Taiwan we will be able to use it as a reference case that is installed and running. In the light of this, we now have better possibilities than ever to drive the transition to thinner, more energy-efficient LCD displays with better picture quality in mobile phones, tablets and laptops”, says TC TECHs CEO Alexander Luiga.
The delivery of the two systems in Taiwan, the first in the end of the second quarter and the second during the second half of 2018, is defined as upgrades of previously delivered systems. Upon installation and final customer approval (SAT-test, site acceptance test) TC TECH will receive the remaining approx. 40% of the payment. These deliveries are expected to generate additional orders and ongoing revenue from service and standard maintenance going forward.
For further information, contact:
Alexander Luiga, C.E.O. of TC TECH
Tel: 46 (0)8 – 788 08 01
E-mail: [email protected]
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 8.00 C.E.T. on February 7 2018.
About TC TECH
TC TECH develops, manufactures and sells systems used for the replication of nano-structures in polymer products. The companyâ€™s business operations are based on an IPR-protected induction technology developed by TC TECHâ€™s own R & D team. The technology makes it possible to heat and cool different kinds of material â€“ 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 TECHâ€™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 companyâ€™s Certified Adviser.
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