DGAP-News: SMARTRAC Establishes Fund for Flood-Struck Fellow Employees
(firmenpresse) - DGAP-News: SMARTRAC N.V. / Key word(s): Miscellaneous
SMARTRAC Establishes Fund for Flood-Struck Fellow Employees
28.10.2011 / 16:50
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Amsterdam, October 28, 2011 - SMARTRAC N.V., a leading developer,
manufacturer, and supplier of RFID transponders, announced that the company
will establish a fund for fellow employees who have lost their homes due to
the flood disaster in Thailand.
Thailand is currently facing the worst flood disaster since decades. The
high-water situation not only affects the SMARTRAC production facilities in
Ayutthaya but also numerous employees who live in the flood-hit regions.
To support the local team, the SMARTRAC Management Board has decided to
implement several measures such as wage continuation and the establishment
of a relief fund.
'We want to fulfill our corporate social responsibility and we want to take
care of the colleagues and friends who are now in need', said Dr. Christian
Fischer, CEO of SMARTRAC. 'We owe our local team and the production
location in Thailand a lot. Therefore, we will not only take short-term
measures but also fully re-establish production as soon as the region is
waterless.'
According to local authorities, the flood currently affects some 14.500
companies and some hundreds of thousands of workers. There is also the fact
that it is still unpredictable when and how fast the water level in the
industry parks will fall.
SMARTRAC also announced that the company's 100 percent subsidiary SMARTRAC
Investment B.V. sells its remaining shares in RFID Technologie B.V. to OEP
Technologie Holding B.V.
About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID
components for a broad range of applications in all current frequency
standards. The company produces both ready-made and customized transponders
for public transport, access control, RFID-based car immobilizers, animal
identification, libraries, industry, and logistics.
SMARTRAC is the global market leader in high-quality RFID inlays for
electronic passports (e-passports) and contactless credit cards (e-payment)
as well as for RFID transponders for public transportation applications.
SMARTRAC was founded in 2000, went public in July 2006, and trades as a
stock corporation under Dutch law with its registered headquarters in
Amsterdam. The company currently employs some 3,300 employees and maintains
a global research and development, production, and sales network.
If you have any questions, please contact:
Tanja Moehler
Head of Corporate Communications
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: tanja.moehler(at)smartrac-group.com
Internet: www.smartrac-group.com
Twitter: http://twitter.com/SMARTRAC_NV
Forward-looking statements:
To the extent that this press release contains forward-looking statements,
such statements are based on assumptions, planning, and forecasts at the
time of publication of this press release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions, and other factors may
cause the actual results to be materially different from the assumptions,
planning, and forecasts at the time of publication of this press release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this press release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this press release.
End of Corporate News
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28.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Netherlands
Phone: +31 20 30 50 157
Fax: +31 20 30 50 155
E-mail: investor.relations(at)smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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