ROODMICROTEC secures major order representing approx. EUR 25 million over 10 years
July 02 2015 - 12:20PM
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@roodmicrotec.com
Website: www.roodmicrotec.com
RoodMicrotec Major
Order_English
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: RoodMicrotec N.V. via Globenewswire
HUG#1933955
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