SERSTECH AB: Serstech signs break-through agreement with US partner

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Serstech has signed an agreement with a well-established, highly specialized US system integrator, which provides high-end system solutions to the US military and several US agencies. The agreement covers both Serstech’s software and hardware products and is the first distribution agreement for Serstech in the US market.

The partner has a significant distribution network from coast to coast and has long-standing relationships within both civil and military defense agencies. The company’s in-house expertise includes a variety of chemical analysis technologies, system solution development and complex system sales. The Serstech 100 Indicator will be the only Raman instrument in the partner’s portfolio.

Serstech today received, as part of the agreement, a 400 KSEK order for technical preparation for system integration of its products and this work will be completed during May. The partner is already participating in several large public tenders, in which Serstech’s software and hardware are parts of the offered solution.

“The US agreement is an important first step on the new path that was defined in the recent strategy update. It is hard to overestimate the significance of this agreement – first system integrator, first US partner and first US order”, says Stefan Sandor, Serstech CEO.

If you have any further questions, please contact Serstech CEO Stefan Sandor at +46 739 60 60 67.

This is information that Serstech AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14:30 CET on April 11 2018.

About Serstech AB

Serstech raises awareness of chemicals by combining measurements from a hand-held Raman spectrometer, Serstech 100 Indicator, with a secure system solution, ChemDash. The user-friendly solution identifies, manages and analyses chemicals which could affect public safety, such as explosives, narcotics and hazardous materials. Serstech has a global distribution network and main office is in Lund, Sweden and all development and manufacturing are done in Sweden.  Serstech is listed on Nasdaq First North and the company’s certified adviser is Västra Hamnen Corporate Finance AB. Read more: www.serstech.com.