Meltron has now made an agreement with one of its larger shareholders, who participated significantly in the issue end of last year and who also is holding a significant number of warrants. Per the agreement, the shareholder makes a bridge loan of 700 k€ available for two drawdowns in the period February to May. At the end of the maturity of the warrants of the latest issue (TO3), the loan will be off-set for shares at a price which is the lower of the warrants price (0,85 SEK/share) and the average share price during the period.
- This financing now ensures that Meltron will be able to build up the sales and develop the company according to plan, says Ville Sistonen, CEO of Meltron. We see a lot of progress on a number of fronts and hope to achieve tangible results in the near future. We also see the financing as a vote of confidence from this larger shareholder.
Meltron AB, Embassy House, Linnégatan 89C, 115 23 Stockholm
Meltron Oy, Laivakatu 3, FI-00150 Helsinki
Read more at www.meltron.com
This information is such information which Meltron AB (publ) is obliged to publish under the EU Market Abuse Regulation. The information was provided by contact persons above for publication on 31 January 2020 at 09:30 CET
Meltron AB designs, manufactures and sells LED lighting for select niche markets. Prioritized niches represent applications demanding long life cycles, robust and durable light sources and, from an industrial perspective, short payback periods. Prioritized niche markets are animal stables, industrial lighting and street lighting.
LED lighting is one of world's fastest growing industries. For this sector the annual growth is 47 % and the total market for 2020 is expected at 100 billion USD, according to Edison Research.
The Meltron share is traded on NGM Nordic MTF (NGM Nordic SMR from 3 Feb) under short name MLTR.
Meltron har nu genom dotterbolaget Meltron Oy i Finland fått en första order från läkemedelsindustrin. Efter en mycket lång period av utvärdering, och vissa modifieringar för att möta kundspecifika krav, har Fermion Oyj nu beställt 20 st av Meltrons gasexplosionssäkra EX lampor för en pilotinstallation vid sin anläggning i Uleåborg, Finland. Fermion, som ingår i Finlands största läkemedelsföretag Orion Corp, tillverkar aktiva farmacevtiska substanser (API). Meltron EX möter Fermions alla krav. Certifieringen för EX utvidgades i början av året.
Meltron, through the subsidiary Meltron Oy in Finland, has received its first order in the pharmaceutical industry. After a very long period of evaluation, and some modifications to meet the customer's specific needs, Fermion Oyj has ordered 20 pcs of Meltron's gas explosive proof EX lights for a pilot installation in Oulu, Finland. Fermion Oyj, a wholly owned subsidiary of the Finnish medical company Orion Corporation, manufactures Active Pharmaceutical Ingredients (API). The Meltron EX fulfils all requirements of Fermion. The EX certification was extended in the beginning of the year.
Efter en period av förberedelser och uppbyggnad av en aktiv portfölj av viktiga kundrelationer och projekt ökar nu Meltron takten i marknads-och försäljningsarbetet. Meltron har rekryterat två marknadsdirektörer med global erfarenhet för att stärka tillväxten i Skandinavien, Europa och Mellanöstern. Det innebär också en större uppbackning av vårt JV med ISAP I USA och, I det längre perspektivet, även i Asien.
After a period of preparations and building an active pipeline of important customer relations and key projects, Meltron is now stepping up its marketing and sales efforts. Meltron has signed up and hired two global level Vice Presidents to strengthen the growth of the company in Scandinavia, Europe and Middle East and Africa. This will support the JV with ISAP in the US and in the longer perspective also Asia.
Meltron has received a pilot order for the EX gas explosion proof lights, a first important order from Gasum Oy, a Finnish state owned gas company with sales of 1.1 bill euro. Gasum distributes biogas and LNG and runs a network of gas filling stations in Finland, Sweden and Norway, primarily for heavy traffic and transportation.
Meltron has now successfully installed 28 units so called pylon lights in the Halban Horse Stadium in Oman. The lights are installed in 8 masts of 12m height. The Meltron pylon lights have sophisticated cooling and superior optical features with specific lens technology. The lights can also be made significantly lighter than conventional lights.
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