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.

Mr. Anders Andreasson joins Meltron after a 15 years global level career in FLIR System, head-quartered in the US (NASDAQ-listed). FLIR System is specializing in intelligent sensing and surveillance solutions for public and industrial applications. "We are receiving so much positive feedback from our new customers and prospects that now is the right time to really boost the sales and our efforts. Anders has just the right experience and background", says Ville Sistonen, CEO of Meltron. Anders is based in Stockholm and will start 1 September.

- I'm very excited to join Meltron in this growth phase. Meltron has an impressive product portfolio with solutions for many different requirements, even explosion proof and for other harsh environments. I see high potential and several opportunities linked to my background offering safety solutions to the industry, says Anders Andreasson.

Mr. Christian Jonsson also joins Meltron. Previously Christian has been working in Aptilo Networks and Flexenclosure Company. He has very long and successful global level sales and leadership experience, recently being responsible in Middle East and Africa activities. Christian is based in Dubai and will start in June. "We are very happy to get Christian on board. The experience and the track-record he has in growing new businesses, products and technologies is just what Meltron needs now", CEO Ville Sistonen says.

- It is very exciting to join a company that has such a solid product portfolio and that is in the forefront of the market. I look forward to the many opportunities in the market and to help to grow Meltron and move into new markets, says Christian Jonsson.

"We made a very long and comprehensive recruitment process, we could not have got a better persons than Anders and Christian. I am looking forward to them joining me in the new executive team", concludes CEO Ville Sistonen.

For further information, contact:
Ville Sistonen, CEO Meltron AB, tel: +358 40 746 4781; [email protected]

Meltron AB, Embassy House, Linnégatan 89C, 115 23 Stockholm

Meltron Oy, Laivakatu 3, FI-00150 Helsinki

Read more at www.meltron.com

www.meltron.fi

This information is such information which Meltron AB (publ) is obliged to publish in accordance with regulatory requirements and the listing at NGM Nordic SME. The information was provided by contact person above for publication on 3 June 2020 at 15:30 CEST.

About Meltron - "More than Just Light"

Meltron AB designs, manufactures and sells LED lighting solutions which are based on interdisciplinary application of electronics, optics, thermodynamics and nano-structures. "More than Just Light" translates into energy savings, superior light quality, product life-time savings, increased productivity, safety and wellbeing for all. Meltron provides high quality solutions for the most demanding environments in infrastructure, industry, logistics and agriculture.

LED lighting is one of world's fastest growing industries. For this sector the annual growth is 47 % and the total market for 2020 is expected at 100 billion USD, according to Edison Research

The Meltron share is traded on NGM Nordic SME in Stockholm under short name MLTR.

Nerladdningsbara filer

Meltron AB (publ) har säkrat stor del av kommande nyemission genom garantiåtaganden och teckningsförbindelser

Meltron AB (publ) ("Meltron" eller "Bolaget") har ingått avtal avseende garantiåtaganden och teckningsförbindelser om cirka 10,3 MSEK inför kommande nyemission av aktier med företrädesrätt för befintliga aktieägare ("Företrädesemissionen") som kommunicerades i mars 2022. Företrädesemissionen planeras uppgå till cirka 16,1 MSEK och avses genomföras i september 2022.


Meltron AB (publ) has secured a major part of the forthcoming new issue through guarantee undertakings and subscription commitments

Meltron AB (publ) ("Meltron" or the "Company") has entered into agreements regarding guarantee undertakings and subscription commitments of approximately SEK 10.3 million for the forthcoming new issue of shares with preferential rights for existing shareholders (the "Rights Issue") communicated in March 2022. The Rights Issue is planned for an amount of approximately SEK 16.1 million and is expected to be conducted in September 2022.


Sammanläggning av aktier i Meltron AB (publ)

Styrelsen i Meltron AB (publ), org.nr 556988-9834 ("Bolaget") har beslutat att avstämningsdag för sammanläggning av aktier ska vara den 20 maj 2022. Genom sammanläggningen ska tio (10) befintliga aktier läggas samman till en (1) ny aktie.


Reverse share split in Meltron AB (publ)

The board of directors of Meltron AB (publ), reg.no 556988-9834 (the "Company) has resolved that the record date for the reverse share split shall be 20 May 2022. Through the reverse share split, ten (10) existing shares will be consolidated into one (1) new share.


Kommuniké från extra bolagsstämma i Meltron AB (publ) den 3 maj 2022

Vid extra bolagsstämma i Meltron AB (publ), org.nr 556988-9834, ("Bolaget") den 3 maj 2022 fattades bland annat följande beslut. För mer detaljerad information om innehållet i besluten hänvisas till kallelsen till stämman samt fullständiga förslag till beslut, som tidigare har publicerats och finns tillgängliga på Bolagets hemsida, www.meltron.com


Report from the Extraordinary General Meeting of Meltron AB (publ) on 3 May 2022

At the extraordinary general meeting (the "EGM") of Meltron AB (publ), reg. no 556988-9834, (the "Company"), on 3 May 2022 the EGM adopted, inter alia, the following resolutions. For more detailed information regarding the contents of the resolutions, please refer to the notice to the EGM and the complete proposals for resolution, which have previously been published and are available on the Company's website, www.meltron.com.


KALLELSE TILL EXTRA BOLAGSSTÄMMA I MELTRON AB (PUBL)

Aktieägarna i Meltron AB (publ), org.nr 556988-9834, ("Bolaget"), kallas härmed till extra bolagsstämma tisdagen den 3 maj 2022 klockan 10:00 i Advokatfirman Delphis lokaler på Mäster Samuelsgatan 17 i Stockholm. Inregistrering till stämman påbörjas klockan 09:30.


NOTICE OF EXTRAORDINARY GENERAL MEETING IN MELTRON AB (PUBL)

The shareholders of Meltron AB (publ), reg.no. 556988-9834, (the "Company"), are hereby given notice to attend the Extraordinary General Meeting on Tuesday, 3 May 2022 at 10:00 a.m. at the offices of Advokatfirman Delphi at Mäster Samuelsgatan 17 in Stockholm, Sweden. Registration for the meeting will commence at 09:30 a.m.


Meltron säkrar finansiering samt föreslår ny styrelseledamot

Meltron har nu avtalat om en kortsiktig lånefinansiering för cirka sex månader framåt. Styrelsen kommer efter sommaren att genomföra en nyemission för att säkra fortsatt finansiering fram till planerat positivt kassaflöde under 2023.


Meltron secures financing and nominates new Board member

Meltron has now secured a short term financing for the next six months. The Board will after the summer do a rights issue in order to repay the bridge loans and to secure further financing until planned positive cash flow in 2023.




Meltrons halvårsrapport för 2021-07-01-2021-12-31

Finansiella highlights (koncern)

  • Nettoförsäljningen sjönk till 1,4 MSEK (2,7)
  • Rörelseresultatet uppgick till -18,6 MSEK (-10,7) inkl avskrivningar och nedskrivning av IPR för Dairy Light om 5,8 MSEK
  • Nettoresultatet var -19,2 MSEK (-14,1)
  • Rörelsens kassaflöde var -11,8 MSEK (-12,3)

Väsentliga händelser under halvåret

  • God utveckling med kunder inom skogsindustrin
  • Samarbete med Huawei påbörjades för att utveckla avancerade ljussystem för "Smart Cities"
  • Samarbetet med ISAP (US) och av agri-sektorn har pausats
  • Nyemission om 26 MSEK genomfördes hösten 2021

Meltrons half year report for 2021-07-01-2021-12-31

Financial highlights (Group)

  • Net sales decreased to 1,4 MSEK (2,7)
  • Operating result was -18,6 MSEK (-10,7), incl depreciations and write-down of Dairy Lights of 5,8 MSEK
  • Net result was -19,2 MSEK (-14,1)
  • Cash flow from operations was -11,8 MSEK (-12,3)

Significant events during first half of the year

  • Good progress made with Forestry Industry customers
  • Cooperation with Huawei started to develop advanced lighting system for "Smart Cities"
  • Cooperation with ISAP (US) and the Agricultural lighting segment put on hold
  • Successful rights issue 26 MSEK carried out in Autumn 2021

Meltron utser ny VD med gedigen erfarenhet av belysning

Styrelsen för Meltron har utsett Stefan Kåla till VD. Stefan har examen från Svenska handelshögskolan i Vasa, är 50 år, uppvuxen i Österbotten och bor i Helsingfors sedan många år. Han har arbetat hela sin karriär i belysningsbranschen. Under nästan 20 år var Stefan marknadsdirektör och exportchef för Oy Lival Ab, som är en ledande leverantör av butiksbelysning, allt från livsmedelsbutiker till varuhus. Stefan byggde med hjälp av en liten grupp medarbetare upp ett nät av återförsäljare och distributörer och ledde dem till en försäljning av mer än 1350 MSEK/år. Han satt i ledningsgruppen för Lival och deltog mångsidigt i företagets processer, bland annat produktutveckling. De senaste fem åren har han arbetat för Nordic Light inom svenska ITAB-koncernen med att bygga upp verksamheten i Europa. Även Nordic Light är specialiserat inom butiksbelysning med IKEA och H&M som storkunder över hela världen.


Meltron appoints new CEO with extensive lighting experience

The Board of Meltron has appointed Stefan Kåla as CEO. Stefan has a degree from the Swedish School of Economics of Vaasa, grew up in Österbotten and lives in Helsinki since many years. His whole career is in the lighting business. For almost 20 years Stefan was marketing director and head of exports at Oy Lival Ab, a leading supplier of lighting systems for shops and retail, everything from food shops and supermarkets to department stores. Leading a small team of colleagues Stefan built a network of resellers and distributors and was responsible for sales of more than 130 M€/year. He was member of the management team at Lival and participated in many aspects of the company's processes, i.a. product development. The last five years he has been working for Nordic Light in the ITAB group of Sweden, building its European business. Nordic Light is also specialized in lighting for the retail industry with IKEA and H&M as large customers worldwide.


Meltron tecknar överenskommelse - genombrott I Oman

Meltron har nu tecknat ett Memorandum of Understanding med regeringen I Oman om leveranser av lampor till flera projekt och att senare etablera en sammansättningsfabrik i Oman för framtida leveranser.


Meltron signs break-through agreement in Oman

Meltron has now signed a Memorandum of Understanding with the Government of Oman for the deliveries of luminaries for several projects and for eventually establishing an assembly facility in Oman for future deliveries.




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