Applications Products Technology The Company Investors Svenska News CORP. GOVERNANCE INSIDERS MAJOR SHAREHOLDERS FIN. AGENDA THE TC TECH SHARE FIN. INFO NEWS PRESS RELEASES Our latest news 18 Mar, 2021 TC TECH sees strong potential in the diffusers (light spreaders) for mini-LED displays segment It is widely assumed that the display technology mini-LED will gradually replace traditional LCD-based displays which have a market share above 90 percent today. A key component in these new displays are thin and advanced light spreaders, called diffusers, and these can be manufactured in a very precise and efficient way with TC TECH’s production system. Read more Get to know TC TECH: Interview with Aykurt Yilmaz, head of the manufacturing chain All of TC TECH’s employees have a unique competence profile and background that contribute to creating a dynamic and well-functioning team. In this newsletter, Aykurt Yilmaz, head of the manufacturing chain, is interviewed on his company role and why he has chosen to work at TC TECH. Read more 2 Dec, 2020 Customer in Taiwan upgrades production system with TC TECH’s new T10 tool, which is able to manufacture optical films to 17-inch displays This enables the customer to manufacture optical films for the three most popular laptop display sizes: 13, 15 and 17 inches. The rapid upgrade to the new T10 tool, which became available to order in late September, shows that the increased functionality of the new tool has been anticipated. – Our technology will enable this customer to develop innovative solutions for displays, with possible benefits such as improved picture quality and reduced energy consumption, and offer them for integration in, for example, a wide range of laptop displays in different sizes. This will make the technology more attractive throughout the design and manufacturing chain. Over time, we thus expect that the T10 tool will generate more orders for our production systems, says TC TECH’s CEO Alexander Luiga. In addition to the above-mentioned customer in Taiwan, other TC TECH customers and potential customers have also shown interest in the new T10 tool. The tool is now included as an integral part of the production systems offered in future sales processes. TC TECH stations Sales & Product Manager in Taiwan Due to lower spreading of infection and reduced restrictions in Taiwan, TC TECH is now able to reinstate some of its efforts to develop customer relations and sales processes on site in Asia. It is Tintin Chien, Sales & Product Manager with a focus on international B2B development, who is now stationed in Taiwan to represent TC TECH. She has recently begun working after completing the obligatory two-week quarantine upon arrival. Tintin will be on site in Taiwan from time to time, initially until the Christmas holidays, to maximize her stays considering the quarantine regulations. ”It is positive that we are now able to reinstate a more normal way of doing business in one of our most important markets. We see great potential in further developing our relations with both existing and new customers. Among other things, we will stay in touch with the customer in Taiwan that recently upgraded one of their production systems with our new T10 tool,” says TC TECH’s CEO Alexander Luiga. More information on Tintin Chien can be found in the October issue of TC TECH’s newsletter, in which she is featured in a short presentation and interview. The production system delivered to Nicrotek in China has now achieved final approval by the customer Following delays due to Covid-19 related travel restrictions, technical personnel from TC TECH were finally able to be on site in China in November to complete the installation. Nicrotek is a Chinese manufacturer of advanced LGPs in the premium segment for both Chinese and international manufacturers of LCD displays. Following the final approval, the customer has started using the system for the production of LGPs. “It is exciting that this customer is now finally able to use our production system to manufacture advanced LGPs. We look forward to following how they will take advantage of the benefits that our technology brings to the table,” says TC TECH’s CEO Alexander Luiga. Due to the Covid-19 pandemic, China has put strict regulations in place to limit travelling into the country. This means that visas are only granted for specific purposes that benefits Chinese activities. In this case, Nicrotek was able to state that the trip was a necessary step in their process to start using new technology provided by TC TECH. Get to know TC TECH: Interview with Stefan Strandberg, in charge of production All of TC TECH’s employees have a unique competence profile and background that contribute to creating a dynamic and well-functioning team. In this newsletter, Stefan Strandberg, in charge of production, is interviewed on his company role. Can you tell us briefly about your professional background, and your position at TC TECH? “Most recently before I joined TC TECH, I worked with servicing and development of CD, DVD and solar energy products, including being involved in starting up a new factory in Thailand. I am a bit of an all-rounder in my field. Among other things, I have worked with sales and servicing in engineering as well as marine industries.” “I have worked for seven years at TC TECH with various tasks over the years. Currently, I am in charge of the production of our production systems and tools.” My position includes: Provide our subcontractors and contract manufacturers with the appropriate documentation and knowledge needed for manufacturing components and assembling our TCP 150 production system Educate/train subcontractors and contract manufacturers Assemble our tools T6 and T10 Participate in the work of developing the production system, the tools used and accessories Prototype production Testing of prototypes and different production solutions Responsibility for manufacturing documentation Responsible for the pneumatics and hydraulics field What do you like best about your work at TC TECH? “I have always worked with product development and was attracted by the fact that TC TECH is a company that works with new technology. It is a company where you are given the opportunity to participate in several different areas, such as development and production management, which suits me well considering my broad background and interest in finding new effective solutions to complex problems.” Do you have any special interests that you pursue when not working? “I enjoy boating and working on my house in the countryside. There is always something that needs to be done!” 13 Oct, 2020 TC TECH launches upgraded tool for its production system that enables manufacturing of optical films to 17-inch displays Following requests from customers who manufacture optical films, including Light Guide Plates (LGP’s) to laptops, TC TECH has successfully extended the maximal pressure surface of the system to 370×235 mm so that it can handle surfaces up to 17-inch displays. The new T10 tool has been evaluated at TC TECH’s facilities with excellent results and became available to order in late September. With the new tool upgrade, TC TECH’s production system can manufacture optical films for the three most popular laptop display sizes: 13, 15 and 17 inches. This can be compared to the previous T6 tool that can handle optical films for display sizes up to 15 inches. The new tool is compatible with all of TC TECH’s production systems and can be easily installed at the customer’s facilities. TC TECH is now also offering its production system with the new tool in its ongoing sales processes, which makes the company’s offer even more attractive than before. “I am very pleased that our team has been able to upgrade one of the most important parameters of our production system so that it covers all of the leading display formats for laptops. This upgrade is a testament to the versatility and flexibility of our system, which is an argument that we often highlight in our sales processes,” says TC TECH’s CEO Alexander Luiga. TC TECH has developed a new material for high-resolution matrices in collaboration with the Taiwanese electroforming company Hui Fong By using extremely detailed matrices manufactured in the new material, customers will be able to utilise the capabilities of TC TECH’s production system to a maximum. Matrices are thin plates that contain the structures to be embossed into thin plastic details, and they are usually manufactured in pure nickel. For simpler and slightly more advanced matrices this has been fully adequate, but to be able to fully utilise the capabilities of TC TECH’s production system, matrices with a corresponding quality and resolution are needed. The new material is a nickel alloy with a high concentration of cobalt that is suitable for making matrices with even finer patterning compared to what was previously possible. Huifong, a Taiwan-based company focusing on nickel-cobalt electroforming, was TC TECH’s collaboration partner during the development of the new material. “Our production system can be compared to the latest 8K TV sets, while traditional nickel matrices that constitute the moulds for what the system prints (or play in this analogy) cannot handle more than 4K resolution, and even that is a stretch, without introducing noise in the picture. We have basically been a little ahead of our time. By creating this new material, we have been able to upgrade another important part of the production chain for the manufacturing of very thin and detailed plastic details to the same high standard as our system,” says TC TECH’s CTO Jan Jäderberg. Every step in the manufacturing of matrices in the new material has been chemically validated and mechanically validated in electron microscope at TC TECH’s facilities and at a Taiwan-based customer’s facilities. The customer has then approved the new material. “It will be exciting to see what can be achieved now that we unlock more of the potential in our production system. There is a demand for matrices with extremely high resolution in several application areas, not least when it comes to light diffusers for mini and micro LED displays,” says TC TECH’s CEO Alexander Luiga. Get to know TC TECH: Interview with Tintin Chien, Sales & Product Manager focusing on international B2B development Every TC TECH employee has a unique skill set and background that contributes to the creation of a dynamic and well-functioning team. In this newsletter Tintin Chien, Sales & Product Manager focusing on international B2B development, talks about her view on the company’s sales process and possibilities for the future. Can you tell us briefly about your educational and professional background, and your position at TC TECH? “I have a master’s degree in Material Science and Engineering from NTHU, Taiwan. Previously, I worked with development and project management in the solar energy sector for eight years in Asia and Europe. Then I started working for TC TECH, and I have been with the company the last four years. At first, I worked as a system engineer, but today I am Head of Sales for Asia where China and Taiwan are our main markets. My position includes: Head of customer communication Business development and building customer relations Meeting potential customers on location for technical discussions Finding new potential applications in various industry segments Managing and training our local distributors What do you like the most about your work at TC TECH? ”The new technologies and interesting products that TC TECH offers have very high potential in many different industry applications. Among other things, they enable the production of higher quality LPG’s and other optical films that go beyond the current industry standard.” ”The biggest and most exciting challenge is to enter into an already established market with a new production method that sets a new industry standard. By working closely with every customer, we are able to set a new standard in precision and quality together, creating a win-win situation.” Which application areas and geographic markets are you focusing on when it comes to marketing and sales activities? ”Our systems are well suited for ambitious customers that create products with high-performance specifications. We are focusing on customers aiming to reach leading performance in LGP’s, diffusers for mini LED and other optical films with very detailed patterning. “Providers that manufacture optical LPG products of the highest quality are based in China and Taiwan, and we have therefore decided to focus on these countries. To broaden our application areas, we are now evaluating other potential markets and applications where TC TECH’s unique technology can be utilised.” Can you briefly describe the interest you are receiving from potential customers in these new application areas? “The traditional production methods used today are not good enough for next-generation products in several areas where very high precision and quality is required. TC TECH’s technologies enable manufacturing of future products in areas such as: – Micro and mini LED – Optical films for AR and VR applications – Films for lightings – Microfluid applications in the biotechnology sector About Tintin Chien Education – Master’s degree in Material Science and Engineering Background – Born and raised in Taiwan, lives in Sweden since 2010 Languages – Mandarin, Taiwanese, English and Swedish Personal interests: Triathlon (swimming, cycling, and running), hiking and enjoys most endurance sports. Completed a Swedish Classic in 2017 (completion of four classic Swedish endurance events in one year) and Ironman Kalmar in 2018. Trains regularly with the Stockholm City Triathlon Club. 24 Feb, 2020 TC TECH launches a new website to show the wide application range of the company’s technology platform TC TECH Sweden AB (publ) launches a new website to clarify that the company is now expanding its focus to several exciting segments in addition to LGPs for edge-lit LCD displays. They include optical applications such as mini and micro LED displays, optical film, VR equipment and front-lit displays, as well as microfluid applications in the biotechnology industry. On TC TECH’s new website, www.tctech.se, there is information on how the company’s technology for exact replication of micro and nano structures can be used in various application areas. “As mentioned in our recently published year-end report for 2019, we are experiencing a growing and broader interest in our technology. We are now clarifying our offer so that it will become easier for all potential customers to understand the advantages that comes with using our technology,” says TC TECH’s CEO Alexander Luiga. An example of the company’s inroads into new segments is the recently received evaluation order from a German sub-provider in the automotive industry that was communicated on February 17, 2020. 21 Feb, 2020 TC TECH Sweden AB (publ) publishes its Summarized Financial Statements TC TECH has today published its summarized financial statement report for the period January 1 to December 30, 2019 Net sales amounted to 4 358 (48) TSEK in the fourth quarter of 2019. Net profit/loss totalled -6 007 (-10 326) TSEK in the fourth quarter of the year. Cash flow from operating activities was -3 991 (-13 500) TSEK in the period from October 1st to December 31st 2019. Net sales amounted to 14 193 (48) TSEK in the full year of 2019, while Net profit/loss totalled -27 640 (-32 365) TSEK in the full year 2019. Cash flow from operating activities was -22 181 (-26 498) TSEK in the full year 2019. Developments in the fourth quarter of 2019 TC TECH Sweden AB (publ) has in October made a directed equity issue of 1 412 700 shares, based on the authorization granted by the AGM held on May 9th 2019. As a result of this resolution, the company’s share capital increased by SEK 113 016 and liquid funds by around SEK 19 million. Developments after year-end 2019 TC TECH Sweden AB (publ) announced that the company has received an order for an evaluation project of LGPs from a German sub-supplier in the automotive industry. This is TC TECH’s first inroad into the automotive industry. 17 Feb, 2020 TC TECH receives evaluation project from a German company in the automotive industry TC TECH Sweden AB (publ) announces that the company has received an order for an evaluation project of LGPs from a German sub-supplier in the automotive industry. This is TC TECH’s first inroad into the automotive industry. The order clearly shows that the interest in TC TECH’s technology is now starting to increase in other segments in addition to manufacturing of LCD displays for mobile phones, tablets and laptops. “This is our first project for a customer in the automotive industry, for which we will receive a payment of 105 TSEK. If these tests turn out well, they could lead to equipment orders in this segment. This shows that our offering has an exciting potential in a global sector where advanced technology is becoming increasingly important,” says TC TECH’s CEO Alexander Luiga. The test series of LGPs for the customer’s evaluation project will be conducted in TC TECH’s cleanroom in the company’s facilities in Stockholm. 25 Oct, 2019 TC TECH Sweden AB (publ) publishes its Interim Report as of September 30th, 2019 TC TECH has today published its interim report for the period January 1 to September 30, 2019 Net sales amounted to 4 717 (0) TSEK in the third quarter of 2019. In the same period, net profit/loss totalled -6 261 (-6 817) TSEK. Cash flow from operating activities was -2 243 (-1 789) TSEK in the third quarter of 2019. Net sales amounted to 9 835 (0) TSEK in the first nine month of 2019, while net profit/loss totalled -21 633 (-22 039) TSEK. Cash flow from operating activities was -18 190 (-12 999) TSEK in the period from January 1st to September 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. TC TECH Sweden AB (publ) announced that the company has received an order for one production system used for manufacturing of high-performing LGPs for LCD displays from Nicrotek Co., Ltd, a Chinese LGP manufacturer who is a part of the SVG Optronics Tech Group, and in accordance with the letter of intent previously communicated. The order was received through their Chinese distributor QJ-TEC. Developments after September 30th, 2019 TC TECH Sweden AB (publ) has in October made a directed equity issue of 1 412 700 shares, based on the authorization granted by the AGM held on May 9th 2019. As a result of this resolution, the company’s share capital increased by SEK 113 016 and liquid funds by around SEK 19 million. 25 Oct, 2019 TC TECH receives 19 MSEK from directed share issue The board of directors of TC TECH Sweden AB (publ) has decided to conduct a directed share issue of 1 412 700 shares in accordance with the authorization granted from the company’s annual general meeting on May 9, 2019. The share issue will increase the company’s share capital with 113 016 SEK, while the company receives approx. 19 MSEK in cash. The largest subscribers of shares in the directed share issue are three companies in the Swedish insurance company group Länsförsäkringar, known for their strong focus on commitment and long-term ownership. The remaining shares were subscribed by legal and physical persons who are expected to become long-term partners of the company. The subscription price has been set to 13.45 SEK per share based on the closing share price on October 23, 2019. The share issue constitutes a deviation from the shareholders’ preferential rights. The purpose is to secure additional working and development capital for the company, at the same time as several new and financially strong owners joins the company. “The fact that renown owners such as companies in the Länsförsäkringar group has chosen to invest in TC TECH is another important validation of our technology and TC TECH’s potential,” says Peter Mattisson, chairman of the board, in a comment. Subscribe to the Newsletter * Required field Email Address * Name GDPR Marketing Permissions TC TECH will use the information you provide in this form to send out newsletters with information on the company’s progression and relevant news items from the industry. To subscribe, you need to accept our general terms for GDPR. Please select the way you would like to hear from TC TECH: GDPR permission via Email We will handle your information with respect. 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