Obducat Signs Letter of Intent Concerning a Joint Venture With Asian LED Player

STOCKHOLM, Sweden, Dec 16, 2016 /PRNewswire/ --

OBDUCAT AB (publ) subsidiary Obducat Technologies AB, a leading supplier of lithography solutions based on nanoimprint lithography (NIL), has signed an LOI with an Asian company in the LED industry. The LOI concerns the formation of a joint venture and thereto connected order for five Sindre 400 NIL systems at a preliminary value of 1 MEUR each.

The LOI, which is non-legally binding, confirms the mutual interest of continuing the already initiated work related to the formation of a joint venture. The preliminary activities to be conducted in this joint venture are development and production of new products and applications based on NIL technology, as well as manufacturing of lithography equipment for the Asian market. If the joint venture is successfully established the counterparty's intention is to place an order for five Sindre 400 NIL systems at a preliminary value of 1 MEUR each. The negotiations are expected to be finalized during the first quarter 2017.

This is information that Obducat AB (publ.) is required to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, on December 16th 2016 at 08.30 CET.

CONTACT:

For further information contact:

Patrik Lundström,
CEO,
Tel: +46 46 10 16 00 or +46 703 27 37 38

Ursula Hultkvist Bengtsson,
Chairman,
Tel: +46 46 10 16 00 or +46 709 13 12 36

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