AS HansaMatrix has signed new financing agreements with AS SEB Banka for the long term credit financing of 4.9 million EUR and 0.6 million EUR credit line to refinance existing company loans. Additionally to that AS SEB has approved 1.5 million EUR new funding for industrial leasing and 1.275 million EUR new funding for construction works to expand Parogre manufacturing facility. Funds to be issued during year 2018.

Ilmars Osmanis, HansaMatrix CEO: “The new financing package which includes additional funding from SEB Latvia will allow us to further develop high tech product manufacturing by making additional investments in new technologies and increase production capacity.”

Ints Krasts, board member of SEB Latvia: “We are glad for the opportunity to become a long-term financial partner of high-technology company HansaMatrix. We aim to support company’s growth and development ambitions: expand production capacities, boost export volumes and create new products. Latvia’s high-technology industry undoubtedly has a great potential for growth. HansaMatrix is one of the leading companies in this area, and we are certain that its far-sighted strategy will enable the company to reach its goals.”

Investor and media contact:

Maris Macijevskis
 

HansaMatrix CFO
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.