10 may, 2017
PiezoMotor Uppsala AB (publ) (“PiezoMotor” or the “company”), a world-leading supplier of cutting-edge mikromotorer, publishes today interim report for the first quarter of 2017.
During the first quarter of 2017 grew the company’s sales by 28 per cent compared with the corresponding period of the previous year. After the end of the quarter PiezoMotor signed a patent cooperation agreement with the German company Physik Instrumente (PI). PiezoMotor makes the assessment that the value of the only the licensing and utvecklingsersättningsdelarna in the settlement add up to about 30 MILLION, of which at least 12 MILLION to be paid to the PiezoMotor already in 2017. In addition, through the agreement of future revenues from the sale of PiezoMotors Piezo LEGS®motors to the PI.
“This year’s first quarter and beyond has been a very successful period for the PiezoMotor. Sales growth has continued to be good, we have carried out several important supplies and we have landed a big deal with the world leader in precision rotary axis systems for, among others, the semiconductor and medicinteknikindustri. The collaboration involves integrating our existing engines in the PI’s system – does not engage in research and development of new engines – and I do not exclude that our first supply to the PI might be already in 2018”, says Johan Westermark, CEO.
This press release contains only parts of the full interim report which will be published separately.
For more information, please contact:
Johan Westermark, CEO Olof Stranding, CFO
+46 (0)708-18 24 00 +46 (0)70-10 10 824
Erik Penser Bank AB, Apelbergsgatan 27, Stockholm, sweden. Telephone: +46 (0)8-463 80 00. E-mail: firstname.lastname@example.org.
If The PiezoMotor
PiezoMotor is a world-leading developer and manufacturer of cutting-edge mikromotorer based on piezoelectric materials. Effective, extremely precise and very small replacement engines are the traditional technology and allows for the motorization where this has previously not been possible. Engine performance includes nanometerprecis movement (1 nanometer = 1 millionth of a millimeter) and very high force in a miniatyriserat format. The engines work in a vacuum and can be made completely non-magnetic, which also opens up completely new opportunities. In Uppsala, PiezoMotor its own facility for högvolymtillverkning, research and development and corporate headquarters. All of the major geographic markets covered by an established global distribution network and many of the leading companies in medical technology, halvledarindustri, space and defence technology and optics is today the customers to the PiezoMotor. PiezoMotors shares are traded on Nasdaq First North in Stockholm. www.piezomotor.com
The information in this press release is such information that the PiezoMotor Uppsala AB (publ) is obliged to publish under the EU marknadsmissbruksförordning (EU) no 596/2014. The information was submitted according to the above contacts in the government, for publication on 10 may 2017 there 08:35 CEST.
PiezoMotor, interim report January – march 2017