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Published: 2023-03-28 13:05:38 CEST
Other information disclosed according to the rules of the Exchange

Restructuring operations of SIA EUROLCDS, a subsidiary of HansaMatrix's associate company SIA Lightspace Technologies

Riga, 2023-03-28 13:05 CEST -- Considering the additional challenges created by the overall macroeconomic situation, the management board of subsidiary company SIA EUROLCDS (reg. no. 41203040030) (hereinafter - EUROLCDS), which has been producing liquid crystal display products in Ventspils since 2013, submitted a request to the court to initiate a legal protection process (hereinafter - LPP).

EUROLCDS LPP was initiated in the Kurzeme district court on March 16, 2023 and its main goal is to restructure the operation of EUROLCDS by attracting additional funding to stabilize the company's business operations.

SIA Lightspace Technologies (reg. no. 40103758550) owns 83.81% of the capital of EUROLCDS. AS HansaMatrix owns 100% of AS Lightspace Holding, which owns 53.39% of Lightspace Group Inc, which is the sole owner of 100% of the capital shares of SIA Lightspace Technologies.

Investor and media contact:
Māris Macijevskis, CFA
Member of Management Board, Finance director
Phone: (+371) 6780 0002
E-mail: invest@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 and other high added value business sectors.

About LLC “Lightspace Technologies”

Lightspace Technologies is a Deep Tech company with its own R&D laboratories, industrialization and fabrication facilities developing key technologies for the next generation of augmented reality. A global leader in volumetric, multi-focal and holographic technologies that add true sense of reality.