HELLA Saturnus Slovenija is a member of the international HELLA Group and one of the largest Slovenian exporters. The company is a supplier to the global automotive industry.

For more information contact:

Torbjörn Sandberg, CEO
+46 768 43 43 76

Peter Högfeldt, VP Marketing
+46 708 87 44 34

E-mail: investors@impactcoatings.se

Impact Coatings AB (publ) is required to disclose this information in accordance with EU market abuse regulations. The information was delivered, via the contact persons named above, for publication on May 25, 2020, at 11:15 a.m. CEST.

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Among other items, the AGM decided:

To approve the income statement and balance sheet for 2019 as proposed by the board of directors.

To allocate the annual result according to the board’s proposal, in which the unrestricted capital, including the annual result, of SEK 81,504,641, is carried forward.

That the board of directors and CEO Torbjörn Sandberg were granted release from liability.

That Mark Shay, Christian Sahlén, Lars-Gunnar Skötte, Tanja Vainio, and Sukhwan Yun were re-elected to the board of directors, that Göran Malm was elected as a new member of the board, and that Mark Shay was re-elected to be chairman of the board.

That remuneration of SEK 180 000 shall be paid to the board’s ordinary members and remuneration of SEK 300 000 shall be paid to the chairman of the board, with no additional remuneration for committee work.

That Öhrlings PricewaterhouseCoopers AB (”PwC”), with lead auditor Johan Palmgren, is elected company auditor.

That the procedure for constituting the next nomination committee was approved.

That the board of directors is granted a mandate to decide on the issuance of shares and/or options and/or convertible securities.

That the board of directors is granted a mandate to make minor corrections to decisions taken at the annual general meeting as related to registration with the Swedish Companies Registra-tion Office and Euroclear Sweden AB.

For more information, contact:

Mark H. Shay, CFA
Chairman of the Board
Tel. +46 765 96 62 38 or e-mail: mark@accendofund.com

The information was delivered, via the contact person named above, for publication on May 14, 2020, at 3:00 p.m. CEST.

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The CEO presentation to the AGM and other AGM documents are now available on the company’s website, www.impactcoatings.com/arsstamma-2020/. The AGM bulletin will be sent after the close of the meeting.

CEO Torbjörn Sandberg will also be presenting at Redeye Growth Day on June 2, which this year will be a web event. The presentation will be streamed on Redeye’s website, www.redeye.se, where the program for the day will also be published.

For more information contact:

Torbjörn Sandberg, CEO
+46 768 43 43 76

Peter Högfeldt, VP Marketing
+46 708 87 44 34

E-mail: investors@impactcoatings.se

The information was delivered, via the contact persons named above, for publication on May 14, 2020, at 08:00 a.m. CEST.

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CEO’S COMMENTARY

Impact Coatings had a good first quarter. We signed two agreements for system deliveries, one with Zanini Auto Group in Spain and one with a German supplier of precision tools to the global textile industry.

The order from Zanini is the company’s first in a new, exciting area with strong expected growth: radomes – radar-transparent emblems that cover vehicle radar. The application is driven by the autonomous vehicle trend, with many components requiring cost-effective technology for metallization of plastic. A related area is plastic antennas for vehicles, IoT and 5G, where several manufacturers are developing new solutions. Radomes and antennas comprise a new business opportunity within the segment metallization on plastic, a stable pillar and complement to our unique offerings in fuel cells.

The order from the German textile industry supplier shows the breadth of our application areas, while at the same time the interest in our technology is always based on quality, flexibility and cost efficiency. 

The global outbreak of COVID-19 during the first quarter affects everything and everyone, including Impact Coatings. We are following the recommendations of the Swedish Public Health Authority and the Ministry of Foreign Affairs, which affect how we interact with customers, suppliers and other partners. We have strict rules that stipulate, among other things, that employees with symptoms may not come to the office, restrictions on internal and external travel, and are very restrictive when it comes to external visits. We encourage employees to work from home when possible. The Annual General Meeting on May 14 will take place as planned, but in a very limited form and with an expected low attendance to minimize the risk of spread of infection.

Our overall view is that Impact Coatings’ business continues relatively unhindered. The two mentioned system orders give us a satisfactory utilization in system manufacturing. We also do not see any current disruption in material flows from our suppliers. On the other hand, aftermarket sales to system customers and the coating services operation are somewhat affected by closed factories in some European countries.

Sales and development work with customers continues with some delay. East Asian companies, both in China and our development partner Hyundai in South Korea, have opened their operations after several weeks of closure. As we await travel restrictions to be lifted, the collaboration with Hyundai continues at a distance. Many companies in Europe are still completely closed and sales focus is on those that are still running. We are now seeing signs towards the end of April that some European companies are slowly resuming production and commercial activity, which is positive, but we expect travel restrictions within Europe for a while still.

The situation with COVID-19 is a challenge for our world and all industrial companies. I am proud of how Impact Coatings continues to deliver for our customers and shareholders during this difficult time, while also protecting our employees and business partners.

Torbjörn Sandberg
 

The full report is attached, and can be retrieved on the company’s website at www.impactcoatings.com/finansiella-rapporter-arkiv/.
 

For more information contact:

Torbjörn Sandberg, CEO
Tel: +46 (0)768-43 43 76

Marie Dhayer Teikmans, CFO
Tel: +46 (0)70-812 71 96

E-mail: investors@impactcoatings.se

The information was delivered, via the contact persons named above, for publication on April 24, 2020, at 08:00 a.m. CEST.

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IMPACT COATINGS AB - INTERIM REPORT JANUARY-MARCH 2020

Impact Coatings’ annual report for 2019 (in Swedish) is attached, and is available for download from the company’s website at www.impactcoatings.com/finansiella-rapporter-arkiv/.

For more information contact: 

Torbjörn Sandberg, CEO
Tel: +46 768 43 43 76 

Marie Dhayer Teikmans, CFO
Tel: +46 70 812 71 96

E-mail: investors@impactcoatings.se

The information was delivered, via the contact persons named above, for publication on April 16, 2020, at 10:00 a.m. CEST.

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Impact Coatings AB Årsredovisning för 2019

The German customer is a globally present provider of precision tools for the textile industry. The company has a total turnover of EUR 671 million.

For more information contact:

Torbjörn Sandberg, CEO
+46 768 43 43 76

Peter Högfeldt, VP Marketing
+46 708 87 44 34

E-mail: investors@impactcoatings.se
 

Impact Coatings AB (publ) is required to disclose this information in accordance with EU market abuse regulations. The information was delivered, via the contact persons named above, for publication on March 18, 2020, at 3:00 p.m. CET.

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In the Balance sheet (page 7), Machines and technical equipment (2019-12-31) should be 11 018 TSEK, Total Long term assets (2019-12-31) should be 20 574 TSEK, and Total assets (2019-12-31) should be 114 213 TSEK.

Machines and technical equipment (2018-12-31) should be 13 103 TSEK, Total Long term assets (2018-12-31) should be 23 904 TSEK, and Total assets (2018-12-31) should be 97 111 TSEK. 

The corrected year-end report 2019 is included as an appendix to this press release and can be retrieved on the company’s website at www.impactcoatings.com/finansiella-rapporter-arkiv/.

For more information contact:

Torbjörn Sandberg, CEO
Tel: +46 (0)768-43 43 76

Marie Dhayer Teikmans, CFO
Tel: +46 (0)70-812 71 96

E-mail: investors@impactcoatings.se

The information was delivered, via the contact persons named above, for publication on March 13, 2020, at 2:00 p.m. CET.

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IMPACT COATINGS AB - YEAR-END REPORT 2019

CEO’S COMMENTARY

The company entered 2019 with the strategy to establish a position among leading companies in the fuel cell (FC) segment and to re-focus our efforts on the decorative, metallization and reflector (DMR) segments. We have executed well on this strategy and enter 2020 well-positioned for further success.

As the year progressed, partnering with Hyundai became our primary objective, requiring extraordinary efforts from the organization that were ultimately successful. One of the world’s largest auto manufacturers investing in and partnering with Impact Coatings is a testament to our expertise and professionalism in the field of fuel cell coatings, but it also has relevance for other automotive industry applications. The relationship gives us immediate access to industrial competence and credibility vis á vis other automotive customers.

Interest among most potential customers in the DMR segments remains, despite system orders not reaching our expectations in 2019, which will have a negative effect on revenue during the first half of 2020. Our focus on DMR has resulted in a strategic order at the beginning of the new year: Zanini Auto Group ordered a coating system for radar-transparent automotive emblems, also called radomes. Radomes are one of several plastic components in new safety functions for vehicles, “Internet of Things” (IoT) and 5G that require cost-effective coating solutions. We are following these developments carefully and are working with customers in their development of effective production solutions.

The company has developed well financially, even if there is much left to do. Sales for the full year 2019 reached almost SEK 50 million, the highest in the company’s history, while the operating profit is still negative – an indication that we have work yet to be done with sales and additional efficiency in production before we reach profitability. We have during the latter part of 2019 reduced our running costs and have clearly tightened working capital management. The whole team has a more financial mindset now in every work task.

We built and shipped four coating systems during 2019, of which one system was installed at the customer site during the first days of the new year. Among the four delivered systems are the first delivery in the fuel cell segment. The Coating Services business grew and achieved good margins. With respect to both Coating Services and system sales, structuring and industrialization of the operations have created capacity for increased future production. The company was awarded ISO 9001 certification during the year and is working continuously with quality, efficiency, and reducing lead times.

Beyond the capital inflow of ca SEK 65 million, the directed share issue carried through in the fourth quarter gives Impact Coatings two stable owners: a global industrial owner in Hyundai Motor Company with just over 10% of shares and an active financial owner in Accendo Capital with 12%. The attention connected with the transaction has also contributed to the addition of approximately 1000 new shareholders. I would like to offer you all a warm welcome to Impact Coatings.

Finally, if 2018 was characterized by restructuring, cleaning up the business and a changed strategy, then our progress in 2019 is illustrated by implementing the strategy, strengthened commercial processes, and strict financial management and internal controls. Impact Coatings enters 2020 well-prepared for growth and for the next phase in our industrialization process together with our partner Hyundai.

Torbjörn Sandberg 
 

The full year-end report is attached, and can be retrieved on the company’s website at www.impactcoatings.com/finansiella-rapporter-arkiv/.
 

For more information contact:

Torbjörn Sandberg, CEO
Tel: +46 (0)768-43 43 76

Marie Dhayer Teikmans, CFO
Tel: +46 (0)70-812 71 96

E-mail: investors@impactcoatings.se

The information was delivered, via the contact persons named above, for publication on February 14, 2020, at 08:00 a.m. CET.

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IMPACT COATINGS AB - YEAR-END REPORT 2019

 The term “radome” refers to radar-transparent antenna covers. Today’s new cars use radar in safety systems that support the driver (advanced driver-assistance systems ‒ ADAS). An automotive radar is often placed behind the front brand emblem, in bumpers, or integrated into side view mirrors or other plastic parts. A radome in the form of a radar-transparent emblem allows signal to pass through the emblem with low attenuation.

For more information contact:

Torbjörn Sandberg, CEO
+46 768 43 43 76

Peter Högfeldt, VP Marketing
+46 708 87 44 34

E-mail: investors@impactcoatings.se

Impact Coatings AB (publ) is required to disclose this information in accordance with EU mar-ket abuse regulations. The information was delivered, via the contact persons named above, for publication on January 17, 2020, at 4:00 p.m. CET.

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The new shares subscribed by Hyundai Motor Company and Accendo Capital SICAV SIF are now registered with the Swedish Companies Registration Office. As a result, the number of outstanding shares and votes in Impact Coatings AB has increased by 9,257,143.

As of December 30, 2019, the total number of shares in Impact Coatings AB amounts to 51,809,051 with an equal number of votes.

During December, 800,000 warrants held by Accendo Capital SICAV SIF expired.

Publication of information regarding changes in number of outstanding shares and votes is voluntary for issuers listed on the Nasdaq First North Growth Market.
 

For more information contact:

Torbjörn Sandberg, CEO
+46 768 43 43 76

Peter Högfeldt, VP Marketing
+46 708 87 44 34

E-mail: investors@impactcoatings.se

The information was delivered, via the contact persons named above, for publication on December 30, 2019, at 5:30 p.m. CET.

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