Serstech signs a global distribution and OEM agreement with a major European instrument manufacturer. The new partner has a global sales organization and representation in more than 100 countries, with its own sales subsidiaries in almost a third of these.
The agreement, which includes both software and hardware, gives the partner rights to sell Serstech’s products under its own brand all over the world. The agreement is non-exclusive and will not limit Serstech’s ability to enter into any other sales or distribution agreement.
“Our new partner has a long history of manufacturing precision instruments and their expertise and distribution go far beyond our current security channel. This agreement represents a major milestone in the implementation of our renewed strategy”, says Stefan Sandor, Serstech CEO.
Serstech will deliver the first products to the new partner in September 2018 and the official launch is planned for Q4 2018.
For further information please contact:
CEO, Serstech AB
phone +46 739 606067
Chair of the board Serstech AB
phone: +46 733 865660
or visit www.serstech.com
Serstech AB (Publ.) Is required to publish the information in this press release under the EU Market Abuse Regulation. The information was submitted for publication on May 30, 2018 at 08.30AM.
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, since recently also 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.