KEBNI SIGNS LETTER OF INTENT WITH INDIAN PARTNER, GRINTEX, TO CAPTURE MARITIME OPPORTUNITY IN INDIA
Established and high-quality antenna manufacturer KebNi has signed a Letter of Intent with Grintex India Ltd. Grintex is a well-established MSME (Micro, Small & Medium Enterprise) company in India with a long track record of delivering high-end technology solutions to the Indian government. KebNi and Grintex have agreed to setup a business partnership with the aim of establishing KebNi's presence in India, including meeting requirements for "Make in India" policy of the Indian government. The parties are specifically targeting the requirement of delivering state of the art satellite equipment on various maritime programs in the Indian market leveraging the provisions of the new Defence Acquisition Policy 2020 (DAP 2020) launched by the Indian Defence Minister on 28th September 2020 which provides enhanced multipliers for procurement made from MSME companies.
Stockholm, Sweden, October 19h 2020 - KebNi AB, a publicly traded company on the Nasdaq First North Growth Market stock exchange in Sweden, focused on becoming a leading supplier of antenna solutions, servicing international government and commercial markets is announcing that it has today signed a Letter of Intent with Grintex India Ltd. with the objective of promoting KebNi's solutions and products under "Make in India" which will involve indigenous design, development & manufacturing in India, customized for the Indian customer requirement.
Over the past years the Prime Minister of India, Narendra Modi, has been promoting "Atmanirbhar India" translating to "Self-Reliant India", and recently, the India government has announced an embargo on certain products, including communication equipment, which will only be sourced from Indian manufacturers, or manufacturers qualifying for the "Make in India" requirements. This includes providing sophisticated satellite communication equipment for maritime platforms manufactured in India.
"There is good opportunity for KebNi products in India, but you need to understand how to operate and how to position yourself in the local market, especially with the "Make in India" requirements. I am very pleased to enter into an agreement with Grintex India Ltd, who is well qualified to position our products in India, including ensuring we meet necessary procurement requirements and the need for in-country production, including local support and maintenance services. This is following our strategy of creating a stronger global reach and brings us another step forward", says Carsten Drachmann, CEO of KebNi.
Grintex, being in line with Prime Minister Narendra Modi's "Make In India" initiative, that was launched on September 25, 2014, understands that the aim of this initiative is not only to make India a global manufacturing hub, but also to stimulate local technology development in all sectors of the government and private industry. Grintex has a strong track record in helping highly reputed international technology companies meet "Make in India" requirements, including providing manufacturing facilities and local partnerships.
"Grintex has two decades of successful delivery hi-tech programs in India and abroad. We cover all phases of the customer lifecycle, including presales with identification of opportunities, to project implementation, and post-sales support to customers. We have a long track record of working with foreign partners on introducing their products into the Indian market. I believe KebNi has strong product portfolio that fits the Indian market, and I am excited to enter into a partnership with KebNi. Short term, we see a good possibility to India's huge Maritime Domain with new satellite communication equipment in the coming years", says Commander Manoj Kumar, CEO of Grintex Naval & Maritime Systems Division.
FOR MORE INFORMATION CONTACT:
Carsten Drachmann, CEO
Phone: +45 4063 4036
About Grintex India Ltd
Grintex India Ltd is a highly reputed MSME (Micro, Small & Medium Enterprise) company registered in India. The company has been providing high-end Technology Solutions and Services for more than two decades, in the areas of Defense, Naval & Maritime Systems, Ship design & Construction supervision , Aviation, Space, Satcom Networks, Homeland Security, Software, Manufacturing etc to leading Indian and Overseas organizations. Solutions include System Design, Ship Design, Construction Management, Software & Hardware services, System Integration solutions, End User Training, Infrastructure Support, Technical Feasibility Study & Evaluation, Technical Logistics and EMS Services.
About KebNi AB
KebNi AB is a publicly traded company on the Nasdaq First North Growth Market stock exchange in Sweden, focused on becoming a leading supplier of reliable technologies, products and solutions for safety, location precision and stabilization.
The value KebNi bring to its customers is offering customized high-tech solutions that are reliable and stable. KebNi "brings stability to a world in motion".
The company is headquartered in Stockholm, Sweden and has a long history and experience in maritime satellite antenna solutions and solutions for inertial movement sensing.
KebNi markets its products through three business areas. KebNi Maritime for Maritime Satellite Antennas, KebNi Inertial Sensing for Inertial Measurement Units and KebNi Land Mobile for Communication on the Move (COTM) as well as Communication on the Pause (COTP) antennas.
The company operates in global markets and reaches customers both directly and through a network of resellers.
KebNi's products and solutions are addressing government & military customers, as well as commercial customers in industries for robotics and self-driving vehicles.
The company is listed on NASDAQ First North Growth Market [KEBNI B] and the company's Certified Adviser is Redeye AB (email@example.com, +46 8 121 576 90)
For accuracy, please exclusively rely on the Swedish version. Should there be unintentional translation differences between the English and the Swedish press release, the Swedish version will take precedence.
KebNi AB (publ) har levererat två IMU-prototyper till SAAB Dynamics.
Styrelsen i KebNi AB genomför tidigare aviserad riktad emission om ca 26 Mkr efter den extra bolagstämmans godkännande av ändring av bolagsordningen. Tillsammans med emissionen som genomfördes den 17 februari 2021 tillförs KebNi drygt cirka 38 Mkr.
KebNi har idag den 10 mars 2021 hållit extra bolagsstämma
KebNi AB (publ) förstärker sin konkurrenskraft inom affärsområdet Inertial Sensing genom att starta utvecklingen av nästa generations högprestanda - tröghetssensor (IMU)
KebNi AB (publ) har mottagit en beställning från SAAB Dynamics i enlighet med nuvarande ramavtal. Ordervärde 2 590 000 kronor.
KEBNI HAR SLÄPPT SIN BOKSLUTSKOMMUNIKÉ FÖR 2020 OCH VISAR ETT ÅR SOM PRÄGLATS AV ETT FLERTAL HÄNDELSER SOM BEDÖMS BIDRA TILL FORTSATT TILLVÄXT INOM KEBNI FRAMÖVER.
KEBNI GENOMFÖR NYEMISSION OM DRYGT 12 MKR OCH ERHÅLLER ÅTAGANDEN OM YTTERLIGARE DRYGT 26 MKR, TILLSAMMANS DRYGT 38 MKR - FÅR KAPITAL FÖR UPPVÄXLING INOM OMRÅDET TRÖGHETSSENSORER
Styrelsen i KebNi AB (publ) förstärker ägarbasen genom en riktad nyemission om drygt 12 Mkr och åtaganden från investerare att teckna för ytterligare drygt 26 Mkr i eventuell framtida riktad emission. Med detta erhåller KebNi nödvändigt kapital för uppväxling inom affärsområdet Inertial Sensing for Inertial Measuring Units (IMU:er)
KEBNI ÖKAR TAKTEN OCH SATSAR PÅ UTVECKLING AV TRÖGHETSSENSORER (IMU:er) OCH UTREDER FÖRUTSÄTTNINGAR FÖR ATT GENOMFÖRA EN RIKTAD NYEMISSION
Styrelsen i KebNi AB (publ) har idag beslutat att öka takten i utvecklingen av bolagets affärsområden med särskild tonvikt på potentialen inom affärsområdet Inertial Sensing for Inertial Measuring Units (IMU:er). Vidare har styrelsen uppdragit åt G&W Fondkommission att utreda förutsättningarna för att genomföra en riktad kontant nyemission motsvarande ett värde om cirka 38 Mkr på basis av ett accelererat "book-building"-förfarande.
KebNi AB (publ) meddelar byte av Certified Adviser till G&W Fondkommission 10 februari 2021.
Aktieägarna i KebNi AB (publ), org. nr. 556943-8442 ("Bolaget"), kallas härmed till extra bolagsstämma onsdagen den 10 mars 2021 kl. 10.00 på Scandic Victoria Tower Hotel, Aren Beurlings Torg 3, 164 40 Kista.