Impact Coatings Delivers Two Coating Systems During the Fourth Quarter

Impact Coatings announces that the company has successfully completed deliveries of two coating systems during December 2023. One is a radome coating system for a European customer. The second is the company’s first delivery of an INLINECOATER IC2000, a coating system to be used for coating fuel cell plates in China. The company expects to report fourth quarter 2023 revenues of approximately SEK 29 million for the deliveries described above.

The radome system order was received at the end of the first quarter 2023 and was reported in the interim report for the first quarter. The delivery of the INLINECOATER IC2000 system is to SEKSUN Technology (Suzhou) Co., Ltd., an order that was announced via press release on June 7, 2023. The coating system to SEKSUN constitutes a significant part of the overall order delivery, to be followed in 2024 by an upgrade that will provide additional coating capabilities for the customer.
 
With these deliveries, all system orders in the reported order backlog as of the end of the third quarter 2023 have now been delivered or partially delivered.

For more information contact:

Peter Högfeldt, Director IR
+46 708 87 44 34

E-mail: investors@impactcoatings.com

About Impact Coatings

Impact Coatings offers customer-focused coating services, clean coating technologies, and flexible coating systems with focus on hydrogen solutions, autonomous safety functions, and tailored coating solutions for high-end applications.

The company utilizes vacuum deposition methods – sustainable processes to apply thin layers of metal or ceramic coatings that improve performance and durability. Impact Coatings markets coating equipment under the trademark INLINECOATER™ and coating materials under the trademark MAXPHASE™. The company’s service models and systems are flexible and scalable to fit the fast-paced markets the company operates within.

The Impact Coatings share is listed on Nasdaq First North Growth Market (Nasdaq Nordic). The company’s Certified Adviser is Redeye AB.

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Impact Coatings Delivers Two Coating Systems During the Fourth Quarter

Impact Coatings Delivers Two Coating Systems During the Fourth Quarter