HansaMatrix — Capital/Financing Update 2017

Apr 18, 2017

AS HansaMatrix signs an agreement with Central Finance and Contracting Agency regarding grant financing of a new pilot production set up

AS HansaMatrix has signed an agreement with Central Finance and Contracting Agency regarding Europe Union funded project No 1.2.1.4./16/A/021 “Experimental production set up for fabrication of volumetric three dimensional image display hardware and components to them” implementation.

Project total investment amount is 2.899 million EUR. EU and Latvian government grant amount is 1.015 million EUR. The rest of the project will be financed from company own and bank loan resources. Details will follow once they are available. Implementation of the project is planned for a three year period - 2017 - 2019.

As a result of project implementation AS HansaMatrix will set up pilot manufacturing process where besides electronic circuits will be available technologies for fabrication of high precision engineering and optical grade plastic parts.

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