Meltron ready to take off 2020!

Meltron AB CEO Ville Sistonen summarizes with satisfaction the work during the half year and is looking forward.

- The acquisition in July and the following merger between the Swedish and Finnish arms of the business in forming the new Meltron have actually been very smooth, overriding all the paper work. The team works well together, we have a good structure and clear governance with a professional and very experienced Board. Finnish and Swedish business cultures have a lot in common.
- With the increased capitalization and the great interest in the issue in November we have strengthened our balance sheet considerably and can now approach key market segments with a better backing and meet customers, who are already convinced of our technology and products but want to make business with a stronger company. However, in the near term we still have a challenge since revenues from anticipated sales are always late in relation to costs of goods sold, so we will need additional financing and now work on a bridge to the warrants due in May this year.

Our focus is now on marketing and sales, primarily in Finland, Sweden and Germany/Austria. We are also very optimistic with our work in Oman and the JV in the USA. There are many key offers to be settled in the first part of next year.
- In Finland a recent installation of our ground breaking street light - nick named the 'double bird' - in the city of Lappeenranta has now been lit up just before Christmas and very well received. A taxi driver said: 'I wish we had these lights all over town'.
- We have very promising outstanding quotations in Finland, in some cases we have offered a new combination of products from both the Meltron and Unilight product lines. We already have large industrial customers and hope this will manifest itself early in the year.
- In Sweden we are now mobilizing activities for the whole product range and especially the industrial sectors. With an improved and simplified product we continue to address the agri sector for animal stables, primarily dairy farms. We can demonstrate our products both on site and in our new show room.
- In Austria we have successfully installed the 'milky way', pilot installations of our new lights at three neighboring milk farms with good local response. We actively work with a farmers' purchasing organization.
- For Germany we are now building up our approach to selected markets with a new portfolio of products, incl key certifications, and with participation in important trade shows.
- Following the recent extended certification of our gas explosive proof EX lights we have provided blue chips like Conoco Phillips and Pfizer with new samples and receiving very positive first comments and great interest. Meetings are programmed for early in the year.
- We have sent 20 units of the street lights to Oman for two pilot installations, incl Sultan Qaboo's Highway and the Royal Court. Installation will be made early in the year. A test installation of unique retrofits for traditional 'Victoria' lights was made in November. Key offers for our pylon lights will be settled early in the year, hopefully successfully. Our participation in a local trade show in October was received very positively.
- We are manufacturing 20 street lights for a first pilot installation with ISAP, our JV partner in the US, who will integrate their camera and surveillance systems into the 'Longhorn light', which will be marketed to various branches of the US government. These systems eventually have a much broader application and market in many countries.

Building our production capabilities is a key parallel activity. We have now invested in unique machinery, primarily for the production of the gas explosive proof EX series, which is highly sophisticated. We have initiated a review on outsourcing alternatives to strengthen capability and flexibility.

- We are all looking forward to 2020 with confidence and are ready to take on the challenges from a stronger platform, concludes Ville Sistonen, CEO of Meltron.

För ytterligare information kontakta:
Ville Sistonen, VD Meltron AB, tel: +358 40 746 4781

Meltron AB, Embassy House, Linnégatan 89C, 115 23 Stockholm
Meltron Oy, Laivakatu 3, FI-00150 Helsinki
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Meltron AB designar, tillverkar och säljer LED-belysning för utvalda nischmarknader. Nischerna som prioriteras representerar miljöer med krav på lång livslängd, tåliga/motståndskraftiga ljuskällor och, ur ett industriellt perspektiv, korta återbetalningstider. Prioriterade nischmarknader är djurstallar, industribelysning och vägbelysning.

LED-belysning är en av världens snabbast växande stora industrier. För den industriella sektorn är f.n. den årliga tillväxten 47 % och hela marknaden väntas 2020 omsätta 100 miljarder USD enligt Edison Research.

Nerladdningsbara filer

Meltron offentliggör Årsredovisning 2019-20

Meltron AB (publ) offentliggör sin Årsredovisning för the förlängda räkenskapsåret 2019-05-01-2020-06-30, som nu finns tillgänglig på Bolagets hemsida och tillsammans med revisionsberättelsen. Bokslutskommunikén publicerades 2020-08-26.

Meltron publishes Annual Report 2019-20

Meltron AB (publ) today publishes its Annual Report for the extended financial year 2019-05-01-2020-06-30, which is now available on the Company's web site and together with the auditor's report. English translations will soon be available. The year-end report was published 2020-08-26.

Meltron AB (publ) kallar till Årsstämma 25 Sept


Meltron AB (publ) calls Annual General Meeting on 25 September 2020


Meltron AB (publ), 556988-9834 - Bokslutskommuniké för perioden 2019-05-01 - 2020-06-30

Verksamhetsperioden i sammandrag

Augusti 2019: Dagens Meltron bildas genom samgående med Meltron Oy

Augusti 2020: Fortsatt expansion säkras genom garanterad företrädesemission om 25 MSEK

Meltron AB (publ) genomför nyemission med företrädesrätt för befintliga aktieägare -emissionen är säkrad fullt ut genom garanti

Detta pressmeddelande får inte offentliggöras, publiceras eller distribueras, vare sig direkt eller indirekt, i eller till USA, Kanada, Australien, Hongkong, Japan, Nya Zeeland, Sydkorea, Schweiz, Singapore eller Sydafrika eller i någon annan jurisdiktion där distribution av detta pressmeddelande skulle vara olaglig.

Styrelsen för Meltron AB (publ) ("Meltron" eller "Bolaget") har, med stöd av bemyndigandet som erhölls vid årsstämman den 20 augusti 2019, beslutat att genomföra en nyemission av aktier med företrädesrätt för befintliga aktieägare ("Företrädesemissionen" eller "Erbjudandet") om cirka 25 MSEK före emissionskostnader. Emissionslikviden kommer främst att användas till att genomföra planerade, ökade säljaktiviteter, inklusive därför nödvändigt rörelsekapital, till teknik- och affärsutveckling samt till övrig drift. Företrädesemissionen är säkrad till 100 procent upp till ca 25 MSEK genom garantiåtaganden och teckningsförbindelser, dock utan att Bolaget vare sig begärt eller erhållit bankmässig säkerhet för dessa åtaganden.

Meltron AB (publ) makes a new issue with priority for current shareholders - the issue is guaranteed in full

This press release may not be published or distributed, neither directly nor indirectly, in or to the USA, Canada, Australia, Hongkong, Japan, New Zealand, South Korea, Switzerland, Singapore or South Africa or in any other jurisdiction where the distribution of this press release would be illegal.

The Board of Meltron AB (publ) ("Meltron" or the "Company") has, within the mandate given to it at the Annual Shareholders' meeting 20 August 2019, decided the make an issue of new shares with priority for current shareholders (the "Priority Issue" or the "Offer") of approximately 25 MSEK before costs of the issue. The proceeds will primarily be used to carry out the planned, increased sales activities, incl necessary working capital, for technical and business development and for operations. The issue is fully secured up to approximately 25 MSEK through guarantee commitments and pre-subscriptions; the Company has, however, neither requested nor received bank securities for these commitments.

Meltron på väg in i pharma-industrin - första beställning och utvald som leverantör

Meltron har nu genom dotterbolaget Meltron Oy i Finland fått en första order från läkemedelsindustrin. Efter en mycket lång period av utvärdering, och vissa modifieringar för att möta kundspecifika krav, har Fermion Oyj nu beställt 20 st av Meltrons gasexplosionssäkra EX lampor för en pilotinstallation vid sin anläggning i Uleåborg, Finland. Fermion, som ingår i Finlands största läkemedelsföretag Orion Corp, tillverkar aktiva farmacevtiska substanser (API). Meltron EX möter Fermions alla krav. Certifieringen för EX utvidgades i början av året.

Meltron breaks into pharmaceuticals market - first order and selected supplier

Meltron, through the subsidiary Meltron Oy in Finland, has received its first order in the pharmaceutical industry. After a very long period of evaluation, and some modifications to meet the customer's specific needs, Fermion Oyj has ordered 20 pcs of Meltron's gas explosive proof EX lights for a pilot installation in Oulu, Finland. Fermion Oyj, a wholly owned subsidiary of the Finnish medical company Orion Corporation, manufactures Active Pharmaceutical Ingredients (API). The Meltron EX fulfils all requirements of Fermion. The EX certification was extended in the beginning of the year.

Meltron ökar takten i försäljningen och rekryterar två marknadsdirektörer

Efter en period av förberedelser och uppbyggnad av en aktiv portfölj av viktiga kundrelationer och projekt ökar nu Meltron takten i marknads-och försäljningsarbetet. Meltron har rekryterat två marknadsdirektörer med global erfarenhet för att stärka tillväxten i Skandinavien, Europa och Mellanöstern. Det innebär också en större uppbackning av vårt JV med ISAP I USA och, I det längre perspektivet, även i Asien.

Meltron steps up marketing & sales and hires two directors

After a period of preparations and building an active pipeline of important customer relations and key projects, Meltron is now stepping up its marketing and sales efforts. Meltron has signed up and hired two global level Vice Presidents to strengthen the growth of the company in Scandinavia, Europe and Middle East and Africa. This will support the JV with ISAP in the US and in the longer perspective also Asia.

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