VIA optronics AG Announces Plans for a New Production Site in the Philippines
02 Junho 2022 - 7:30AM
Business Wire
Expansion to support growth strategy with an
alternative, cost efficient production location
VIA optronics AG (NYSE: VIAO) (“VIA” or the “Company”), a
leading supplier of interactive display systems and solutions,
today announced plans for a new production site in the
Philippines.
In September 2021, the Company incorporated VIA optronics
(Philippines), Inc., for the design and development of camera
solutions. In order to circumvent the supply chain challenges posed
by trade issues and lockdowns in China, VIA is now planning to use
its entity in the Philippines to build a new, more cost-effective
production site in Asia that is expected to produce all current VIA
products. The new site will focus on international markets whereas
the existing Chinese production site in Suzhou will remain focused
on the local business in China.
Jürgen Eichner, Chief Executive Officer and Founder of VIA
optronics AG, commented, “We are looking forward to expanding our
production capabilities and capacity in Asia and expect that the
anticipated operational efficiencies created by the production site
in the Philippines will help increase margin while mitigating the
impacts of geopolitical pressures and restrictions in China. We are
in the final stages of approval for the new production facility for
a dedicated customer and expect the site to be completed by the end
of 2022. This project exemplifies the significant growth in demand
for our solutions and allows us to both diversify our production
base and improve cost efficiency.”
About VIA:
VIA is a leading provider of interactive display solutions for
multiple end markets in which superior functionality or durability
is a critical differentiating factor. Its customizable technology
is well-suited for high-end markets with unique specifications and
demanding environments that pose technical and optical challenges
for displays, such as bright ambient light, vibration and shock,
extreme temperatures, and condensation. VIA’s interactive display
systems combine system design, interactive displays, software
functionality, cameras, and other hardware components. VIA’s
intellectual property portfolio, process know-how, optical bonding,
metal mesh touch sensor and camera module technologies provide
enhanced display solutions built to meet the specific needs of its
customers.
Further information on the Company can be found in its Annual
Report on Form 20-F for the year ended December 31, 2021 (the
“Annual Report”), which the Company has filed with the U.S.
Securities and Exchange Commission. You can access a PDF version of
the Annual Report at VIA’s Investor Relations website,
https://investors.via-optronics.com/investors/financials-and-filings/sec-filings/default.aspx.
A hard copy of the audited consolidated financial statements can
also be requested free of charge by contacting the investor
relations team via the information provided below.
Forward-Looking Statements
Statements in this press release about future expectations,
plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute
“forward-looking statements.” These statements include, but are not
limited to, statements relating to the expected trading
commencement and closing dates. The words, without limitation,
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “potential,” “predict,” “project,”
“should,” “target,” “will,” “would” and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain these or similar identifying
words. Forward-looking statements are based largely on our current
expectations and projections about future events and financial
trends that we believe may affect our financial condition, results
of operations, business strategy, short-term and long-term business
operations and objectives, and financial needs. These
forward-looking statements involve known and unknown risks,
uncertainties, changes in circumstances that are difficult to
predict and other important factors that may cause our actual
results, performance or achievements to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statement, including, without
limitation, the risks described under Item 3. “Key Information—D.
Risk Factors,” in our Annual Report on Form 20-F as filed with the
US Securities and Exchange Commission. Moreover, new risks emerge
from time to time. It is not possible for our management to predict
all risks, nor can we assess the impact of all factors on our
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements we may make. In light
of these risks, uncertainties and assumptions, the forward-looking
events and circumstances discussed in this release may not occur
and actual results could differ materially and adversely from those
anticipated or implied in the forward-looking statements. We
caution you therefore against relying on these forward-looking
statements, and we qualify all of our forward-looking statements by
these cautionary statements. Any forward-looking statements
contained in this press release are based on the current
expectations of VIA’s management team and speak only as of the date
hereof, and VIA specifically disclaims any obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20220602005495/en/
Investor Relations for VIA optronics: Lisa Fortuna Sam
Cohen Alpha IR Group VIAO@alpha-ir.com Phone: +1 312-445-2870
Media: Alexandra Müller-Pl�tz
AMueller-Ploetz@via-optronics.com +49-911-597 575-302
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