ROODMICROTEC secures major order representing approx. EUR 25 million over 10 years
(Thomson Reuters ONE) -
Zwolle, 02 July 2015
RoodMicrotec N.V. has secured a significant multi-year supply chain order for
the automotive industry, which will run 10 years. The expected sales will be
between EUR 2.5 and 3 million per year. Preparations for this order are
currently under way, and are anticipated to take approx. 9 months. As a result,
the supply chain activities with the abovementioned volume of between EUR 2.5
and 3 million per year will start in the second quarter of 2016.
Our Stuttgart Automotive Competence Centre, based in the heartland of the
industry, which provides customers with easy access to the expertise and
knowledge required to support their product, has contributed significantly to
winning this order.
After securing this order, our quote portfolio remains at least at the level
stated in our press release of 8 January 2015, which put our quote portfolio at
over EUR 10 million. It therefore remains high and contains significant
potential for further key orders.
Strategy
RoodMicrotec's strategy focuses on growth in strongly growing markets, such as
automotive, industrial/medical and IoT, in particular of supply chain
activities, which include test engineering, failure & technology analysis,
qualification & reliability and logistics services.
'As we have indicated before, the lead times of our orders are often longer than
expected. Therefore, this order represents a milestone. Furthermore, it is an
order in one of our growth markets. Clearly, RoodMicrotec is very pleased with
the order. It has also proved the value of our Automotive Competence Centre',
said RoodMicrotec CEO Philip Nijenhuis.
Financing
For this project and other expected projects, some initial investments and
additional working capital are needed. Based on present estimates, a capital
raising by means of a new issue of RoodMicrotec shares will be desirable. For
this, an agreement has been concluded on 2 July 2015 with an investor to - as
and when RoodMicrotec feels this is necessary - issue shares in monthly tranches
of at least EUR 100,000 and at most EUR 200,000, up to a maximum of EUR
1,000,000. Up to and including 23 April 2018, RoodMicrotec has the option of
extending this agreement up to a total of EUR 2 million if the order portfolio
gives rise to this.
The share issue described above is within the margins that were approved by the
extraordinary general meeting of shareholders on 23 January 2015. In view of the
character of the share issue, no prospectus will be published.
The issue will be effected at a price determined based on the lowest five day
prices in the month preceding the issue, taking account of a 3% discount per
tranche.
This agreement will run until 23 April 2018, the period for which the
shareholders' meeting of 24 April 2013 granted the board of management authority
to issue shares. The right to make use of this scheme is exclusively
RoodMicrotec's.
Current shareholders and option holders
In addition to this issue of ordinary shares, RoodMicrotec wishes to grant its
existing shareholders and option holders as of 2 July 2015, 5:40pm, one (1)
warrant per twenty-four RoodMicrotec shares/option rights. The abovementioned
investor as of 2 July 2015 will hold equal warrant rights for each tranche
effected as the other shareholders and option holders. Further arrangements on
the granting of the warrants and their exercise are described in the warrant
scheme, which is expected to be published no later than 31 July 2015 on the
company's website (www.roodmicrotec.com), but definitely no later than on the
day on which the warrants are included in the quotation.
Warrant scheme
The warrant's exercise price is EUR 0.21 and the warrant can be exercised up to
and including 10 January 2017, being the final day of the final exercise period.
An application will be made for the warrants to be quoted on Euronext Amsterdam,
and they are expected to be quoted as of the second half of August 2015. Further
details of the warrant scheme will also be placed on the company's website.
About RoodMicrotec
With 40 years' experience as an independent value-added service provider in the
area of micro and optoelectronics, RoodMicrotec offers Fabless Companies, OEMs
and other companies a one-stop shop proposition. With its powerful solutions
RoodMicrotec has built up a strong position in Europe.
Our services comply with the industrial and quality requirements of the high
reliability/space, automotive, telecommunications, medical, IT and electronics
sectors.
Certified by RoodMicrotec concerns inter alia certification of products to the
stringent ISO/TS 16949 standard that applies to suppliers to the automotive
industry. The company also has an accredited laboratory for test activities and
calibration to the ISO/IEC 17025 standard.
Its value-added services include failure & technology analysis, qualification &
burn-in, test & product engineering, production test (including device
programming and end-of-line service), ESD/ESDFOS assessment & training, quality
& reliability consulting, supply chain management and total manufacturing
solutions with partners.
RoodMicrotec has branches in Germany (Dresden, Nördlingen, Stuttgart) and the
Netherlands (Zwolle).
Further information:
Philip Nijenhuis, CEO Telephone: +31 38 4215216
Postal address:
RoodMicrotec N.V., PO Box 1042, 8001 BA Zwolle
Email: investor-relations(at)roodmicrotec.com
Website: www.roodmicrotec.com
RoodMicrotec Major Order_English:
http://hugin.info/130789/R/1933955/696240.pdf
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: RoodMicrotec N.V. via GlobeNewswire
[HUG#1933955]
Unternehmensinformation / Kurzprofil:
Datum: 02.07.2015 - 18:20 Uhr
Sprache: Deutsch
News-ID 404562
Anzahl Zeichen: 6727
contact information:
Town:
Zwolle
Kategorie:
Business News
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