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

Email: carsten.drachmann@kebni.com

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 (certifiedadivser@redeye.se, +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.

Nerladdningsbara filer

TORBJÖRN SAXMO NY VD FÖR KEBNI AB

Torbjörn Saxmo ("Saxmo") har idag anställts som ny VD för KebNi AB. Torbjörn Saxmo tillträder sin anställning den 9 februari 2021.


KEBNI AB SÄGER UPP VD

Styrelsen i KebNi AB (bolaget) har idag beslutat att, med omedelbar verkan, avsluta Carsten Drachmanns VD-uppdrag i bolaget.


KEBNI AB (PUBL) OFFENTLIGGÖR UTFALL AV GENOMFÖRD FÖRETRÄDESEMISSION

KebNi AB (publ) ("KebNi" eller "Bolaget") tillförs cirka 45 MSEK före avdrag för emissionskostnader genom den företrädesemission av aktier vars teckningsperiod löpte ut 30 oktober 2020. Utfallet visar att 6 273 741 aktier, motsvarande cirka 19 % av emissionen, tecknades med stöd av företrädesrätt. Därutöver har anmälningar mottagits för teckning utan företrädesrätt om 569 674 aktier, motsvarande cirka 2 % av emissionen. I enlighet med ingångna garantiåtaganden tecknas således 23 183 254 aktier, motsvarande cirka 69 % av emissionen, av garanter.


KEBNI AB (PUBL) PUBLISHES OUTCOME OF ITS RIGHTS ISSUE

KebNi AB (publ) ("KebNi" or the "Company") raises approx. SEK 45 million before deduction of issue related costs through its rights issue, for which the subscription period ended on October 30, 2020. The outcome shows that 6 273 741 shares, corresponding to approx. 19 % of the rights issue were subscribed for with preferential rights. Additionally, 569 674 shares, corresponding to approx. 2 % of the rights issue, were subscribed for without preferential rights. In accordance with the guarantee commitments, 23 183 254 shares, corresponding to approx. 69 % of the rights issue, were subscribed by guarantors.


KEBNI TECKNAR AVSIKTSFÖRKLARING MED INDISK PARTNER, GRINTEX, FÖR ATT FÅNGA MARITIME MÖJLIGHET I INDIEN

Etablerade och högkvalitativa antenntillverkaren KebNi har tecknat en avsiktsförklaring med Grintex India Ltd. Grintex är ett väletablerat MSME-företag (Micro, Small & Medium Enterprise) i Indien med lång erfarenhet av att leverera avancerade tekniklösningar till den indiska regeringen. KebNi och Grintex har kommit överens om att inrätta ett affärspartnerskap i syfte att etablera KebNis närvaro i Indien, inklusive att uppfylla kraven för den indiska regeringens "Make in India" -politik. Parterna riktar sig specifikt mot kravet på att leverera toppmodern satellitutrustning till olika sjöprogram på den indiska marknaden som utnyttjar bestämmelserna i den nya försvarsförvärvspolitiken 2020 (DAP 2020) som lanserades av den indiska försvarsministern den 28 september 2020. Detta medför förbättrade multiplikatorer för upphandling från MSME-företag.


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.


KEBNI AB:S (PUBL) SENARELÄGGER Q3-RAPPORT FÖR ATT MÖJLIGGÖRA INSYNSPERSONERS DELTAGANDE I PÅGÅENDE FÖRETRÄDESEMISSION OM UPP TILL 50 MSEK

KebNi AB (publ) ("KebNi" eller "Bolaget") har, med anledning av den företrädesemission av aktier som nu genomför, beslutat att senarelägga offentliggörandet av Bolagets finansiella rapport till den 30 november 2020 (tidigare 19 november 2020).


KEBNI AB'S (PUBL) POSTPONES Q3 REPORT TO ENABLE PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES PARTICIPATION IN THE ONGOING RIGHTS ISSUE OF UP TO SEK 50 MILLION

KebNi AB (publ) ("KebNi" or the "Company") today announces that, due to the ongoing rights issue with pre-emptive rights for existing shareholders, the publication of the Company's Q3 report will be postponed to November 30, 2020 (previously November 19, 2020).


IDAG INLEDS TECKNINGSTIDEN I KEBNI AB:S (PUBL) FÖRETRÄDESEMISSION OM UPP TILL 50 MSEK

Idag inleds teckningstiden i KebNi AB:s (publ) ("KebNi" eller "Bolaget") företrädesemission av aktier i vilken även allmänheten har möjlighet att anmäla intresse.


THE SUBSCRIPTION PERIOD IN KEBNI AB'S (PUBL) RIGHTS ISSUE OF UP TO SEK 50 MILLION COMMENCES

Today marks the start of the subscription period in KebNi AB (publ) ("KebNi" or the "Company") rights issue of shares. The rights issue is also open for subscriptions to the public.


KEBNI FÅR BETALNING PÅ 0,69 MUSD (CIRKA 6 MSEK) FRÅN ISRAELSK KUND

KebNi har mottagit en betalning på 0,69 MUSD (cirka 6 MSEK) från sin israeliska kund relaterad till nuvarande kontrakt. Betalningen är en del av den försenade betalningen på 20 MSEK från sin israeliska kund, som meddelades i ett pressmeddelande den 22 september 2020.


KEBNI RECEIVES PAYMENT OF 0.69 MUSD (APPROX. 6 MSEK) FROM ISRAELI CUSTOMER

KebNi has received a payment of 0.69 MUSD (approx. 6 MSEK) from its Israeli customer related to current contracts. The payment is part of a delayed payment of 20 MSEK from its Israeli customer, announced in a press release on September 22nd, 2020.


KEBNI AB (PUBL) OFFENTLIGGÖR PROSPEKT AVSEENDE FÖRETRÄDESEMISSION OM UPP TILL 50 MSEK

KebNi AB (publ) ("KebNi" eller "Bolaget") publicerar prospekt med anledning av den företrädesemissionen av aktier vars teckningstid inleds den 16 oktober 2020. Prospektet har idag godkänts och registrerats av Finansinspektionen.


KEBNI PUBLISHES PROSPECTUS IN CONNECTION WITH THE RIGHTS ISSUE OF UP TO SEK 50 MILLION

KebNi AB (publ) ("KebNi" or the "Company") publishes a prospectus in connection with the rights issue of shares for which the subscription period commences on October 16, 2020. The prospectus has today been approved and registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).


KEBNI-PRODUKTTEST STARTAR I RYSSLAND

Etablerade och högkvalitativa antenntillverkaren KebNi engagerar sig i kundtestning i Ryssland med sin partner AMPLUS-SAT. Kunden testar KebNis nya 1,8 meter Drive Away-lösning från Satmissions produktportfölj.


KEBNI PRODUCT TESTING BEGINS IN RUSSIA

Established and high-quality antenna manufacturer KebNi engaging in customer product testing in Russia with its partner AMPLUS-SAT. The customer is testing KebNi's new 1.8 meter Drive Away solution from its Satmission product portfolio.


TRÄFFA KEBNI PÅ REDEYE INVESTOR FORUMS

KebNi kommer att presentera sin verksamhet, sina framtidsutsikter och varför du ska investera i KebNi i den kommande nyemissionen på Redeye Investor Forums.


MEET KEBNI AT REDEYE INVESTOR FORUMS

KebNi will present its operations, its future prospects and why you should invest in KebNi in the upcoming rights issue at the Redeye Investor Forums.


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