HansaMatrix group has signed agreements with Swedbank Līzings to prolong the maturity for one year of the existing factoring financing limits in the aggregate amount of 2,760,000 EUR to be used for working capital financing, including export transactions.

Ilmārs Osmanis, HansaMatrix CEO: “HansaMatrix has long and successful cooperation history with Swedbank group. The concluded factoring agreements will allow the Company to speed up the working capital turnover and potentially to increase the manufacturing volumes.”

Ieva Vīgante, Swedbank Head of Corporate Banking Division: “HansaMatrix well thought-out and targeted investment in research, development and production of innovative products ensures the Company the opportunity to dynamically grow and successfully export to the global market.”

Investor and media contact:

Māris Macijevskis, CFA
Member of Management Board, Finance director
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.