Rovsing

M&A Activity • Sep 14, 2016

14 September 2016 Announcement no. 235

SSBV-Rovsing (Rovsing) enters a Distributor Agreement with the Chinese company Shanghai KeLiang Information Tech. & Eng. Co., Ltd (KeLiang) whereby KeLiang will undertake the distribution and sale of Rovsing's Power SCOE products for tests of satellites in the Chinese mainland market.

In Rovsing's effort to expand into main international space markets, the Company has entered a Distributor Agreement with KeLiang for the Company's Power SCOE products.

KeLiang, a well-established Chinese supplier of terrestrial and space related power testing and simulation systems, shall market, distribute and sell Rovsing's products, in particular the recently qualified Solar Array Simulator (SAS) and the associated Second Level Protection (SLP) units together with associated services like consulting, project design, commissioning, training and maintenance as appropriate and requested by KeLiang's customers in mainland China. Rovsing's SAS will compete with similar US built products, which dominate the Chinese market today.

The agreement comes at a time where the Chinese space program starts a new 5 years plan, leading to a significant number of proposals and project decisions over the next one or two years with deliveries envisaged for late 2017 ff. In past years, the PR China has invested significantly in Earth Observation, meteorological, and scientific satellites, which are the main customers for customized test equipment.

Further information

SSBV-Rovsing A/S, Christian Bank, CEO; cbk@rovsing.dk, or Dan Bång, CFO; dab@rovsing.dk

www.rovsing.dk