SERSTECH AB: Serstech receives 1 MSEK order from OEM partner

Serstech has today received another order from its European OEM partner, which signed an agreement with Serstech in May 2018. The order will be delivered and invoiced in October.

The order contains instruments, without software and substance libraries. The software and substance libraries are delivered and invoiced at a later stage, when the partner has configured the instruments based on end-user requirements.

“Our licensing mechanism allows for an efficient production and logistics process, for both us and our partners. This is showing its value now, as we are scaling up with a more capable distribution network”, says Stefan Sandor, Serstech CEO.

For further information please contact:
Stefan Sandor,
CEO, Serstech AB
phone +46 739 60 60 67
e-mail: ss@serstech.com
or visit www.serstech.com

About Serstech AB
Serstech delivers solutions for chemical identifications and has customers across the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organisations and United Nations. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech’s solution. Serstech is traded at Nasdaq First North and you find more information about the company at: www.serstech.com. Certified advisor to Serstech is Västra Hamnen Corporate Finance AB.