This establishment of a subsidiary is conducted in accordance with TC TECH’s clearly stated ambition to scale up the company’s market and sales operations in its most important market. The financing is secured, as TC TECH recently conducted a directed share issue from which the company received approx. 10.6 MSEK in cash.

”This establishment of a permanent presence and testing capacity will enable us to come much closer to our existing and potential customers in Asia. It will also significantly reduce our lead times within testing and evaluation, while also enabling potential customers direct access to our system on a whole new level. This is expected to contribute to more efficient sales processes, including in innovative areas where development is progressing rapidly, such as the segment for diffusers (light-spreaders) to mini-LED based displays,” says TC TECH’s CEO Alexander Luiga.