AS HansaMatrix has signed a factoring agreement with AS Swedbank that increases factoring financing to 2.5 million euro in order to support further growth of its sales volume.

According to shareholder and CEO, Ilmars Osmanis: “The increased factoring financing will allow us to fullfill larger orders and increase sales volumes for customers with a good credit rating”

“We are very pleased that we can support and be a long term financing parter for a company that fosters greater export competetiveness in Latvia by producing high added value products” says Reinis Rubenis, Swedbank Board member, Corporate financing Head.

Investor and media contact:

Zanda Lapāne
Assistant to the CEO
Phone: (+371) 6780 0002
e-mail: invest@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