HansaMatrix — Capital/Financing Update 2017

Sep 15, 2017

AS Swedbank approves leasing financing for AS HansaMatrix

AS HansaMatrix has signed a leasing financing agreement with AS Swedbank for the additional financing of 703 thousand euro. ALTUM has provided credit guarantee for the leasing financing at the amount of 562 thousand EUR.

According to CEO, Ilmars Osmanis: “The additional leasing financing from Swedbank and credit guarantee from ALTIUM will allow us to further develop high tech product manufacturing by making additional investments in new technologies and increase production capacity.”

“ALTUM historically has a successful and constructive cooperation with AS HansaMatrix group. ALTUM has participated in various HansaMatrix group projects, not only with state issued credit guarantees for loans in commercial banks, but also with co-financing in form of parallel loans. HansaMatrix is an example that making large, but meanwhile reasonable investments in research and product development, it is possible to expand production with high value added in Latvia and successfully increase export volumes in global markets,” comments Inese Zīle, “ALTUM”, member of the board

‘During its years in business, the company has evolved into one of the leading producers of electronic systems in Northern Europe: Finland, Sweden and Norway. HansaMatrix is known for its ability to create high-quality knowledge-intensive products. We are happy to provide support and be a long-term cooperation partner for a company that contributes to boosting Latvia’s export capacity by producing high value-added products’’, says  Ieva Vīgante, Head of Swedbank Corporate Customer Division.

Investor and media contact:

Zanda Lapāne

Assistant to the CEO

Phone: (+371) 6780 0002

e-mail: invest@hansamatrix.com

http://www.hansamatrix.com

About AS HansaMatrix

HansaMatrix is a fast-growing, high-technology company offering product design, industrialization and complete manufacturing services in data networking, Internet of Things, industrial segments and other services to high added value business segments. In addition to complete manufacturing services of OEM products, the company offers an ODM business model to both start-up and established companies that seek product development partnerships