For Q4 of the FY 2016/17, the Group's unaudited consolidated net turnover was EUR 5.12 million, which is by 38% or EUR 1.42 million more than in Q4 of the previous financial year. It is the highest sales volume over the past 10 years. The Group finished the closing quarter of the financial year with profit of EUR 583 thousand (unaudited). The unaudited consolidated result for the FY 2016/17 is the turnover of EUR 17.05 million and unaudited profit of EUR 1.73 million.

The major part of the quarter turnover was still made by sales in North/Latin Americas gaining 68% of the quarterly turnover. This region’s result is by EUR 1.38 million greater than in Q4 last year and exceeds the result in Q3 of this FY by EUR 1.2 million.

The European and CIS region gave 25% of the turnover in Q4 of FY2016/17. This turnover of the region is equal to last year`s turnover of the Q4 and exceeds the result in Q3 of this financial year by 16%.

The Group’s unaudited consolidated turnover for the financial year 2016/17 was EUR 17.05 million, which is a 24% increase compared to revenues of the previous financial year.

The unaudited consolidated result for the FY 2016/17 is the profit of EUR 1.73 million, which is by EUR 807 thousand more comparing to the Group’s result of the previous financial year when the profit was EUR 925 thousand.

The Group had a positive net cash flow during 12 months of the FY, equaling to EUR 599 thousand. As of the end of the reporting period, the Group’s net cash balance was EUR 6.5 million.

This financial year SAF Tehnika has received EUR 0.3 million as co-financing from EU funds to support product development and marketing activities. During this period EUR 270 thousand have been invested in fixed assets.

At the end of May, SAF Tehnika announced the launch of the innovative IoT (internet of things) environmental monitoring solution – Aranet. It is industrial level wireless monitoring solution that allows monitoring temperature, humidity and CO2 level in a wide range. This is SAF Tehnika` s attempt to expand its range of products in new sectors not related to its core business activities.

In period from April to June SAF Tehnika participated in 16 industry related exhibitions in North America, Europe, Asia and Latvia. Also SAF Tehnika blog was launched during this quarter. The blog is a place where company`s engineers, sales representatives, product managers and executives publish articles on industry news, etc.

SAF Tehnika is the company with the long-term competence in development and production of microwave radios. SAF Tehnika will proceed with its work on new high-quality products for the microwave data transmission market, providing not only standardized solutions, but also product modifications in order to meet customers’ special needs, as well as searching innovative ideas for applying microwave data transmission. The Group is financially stable. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. The Board of SAF Tehnika maintains cautious optimism but cannot provide certain prognosis for sales figures and operational results.

About SAF Tehnika:

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and  “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.

         Additional information:
         Zane Jozepa
         CFO, Member of the Board
         +371 67 046 833
         zane.jozepa@saftehnika.com
         www.saftehnika.com

SAF Blogletter | July

This month read the final part of antenna alignment series, written by Andrejs Bogdanovs (SC Product Manager) that will give you a great insight of aligning with a spectrum analyzer. You can also find an opinion piece from one of our newest SAFers, Adam Hostetter (North America Sales Manager for Test & Measurement) and get to know one of our clients of 10 years by watching their newest video.

Large size (6ft/1.8m and larger) antenna alignment can be tricky. Aligning them requires the right type of equipment. Andrejs Bogdanovs will provide you with the tips and tricks of antenna alignment  How changing a tiny thing can change the big picture in an unimaginable way. Not everything can be planned, especially in business. Read about it in this opinion piece from Adam Hostetter The greatest testament to our products is the positive feedback we receive. Learn more about our partner and client of 10 years, W3Z from East Midlands (UK) and how they have built their backbone infrastructure only by using SAF products.  If you have any suggestions about what you would like to see on our blog, please let us know by writing at marketing@saftehnika.com.

For Q3 of the FY 2016/2017, the Group's unaudited consolidated net turnover was 3.77 million EUR, which is by 25%, or 0.75 million EUR, more than in Q3 of the FY 2015/2016, but by 13% less than in Q2 of this year.

The Group closed Q3 of the FY 2016/2017 with the profit of 324 thousand EUR (unaudited). The unaudited consolidated result for 9 months of the FY 2016/2017 is the profit of 1.15 million EUR, which is by 797 thousand more compared to the 353 thousand EUR profit which was the Group`s result of the 9 month period of previous FY 2015/2016.

60 % quarterly turnover was made by sales in North/Latin Americas and is by EUR 0.86 million higher than the result of the preceding quarter. In 9 month period the revenues in North/Latin Americas exceeded 53% of the total Group’s turnover. The turnover in the European and CIS region was 29% or EUR 1.09 million, which is a decrease compared to the increase in Q2, which was related to solutions tailored to specific customer needs. In the AMEA (Asia, Middle East, Africa) region the turnover was EUR 0.4 million and is equivalent to last year’s average volumes. In the respective period the products were sold to 44 countries.

For 9 months of the FY 2016/2017, the Group’s unaudited consolidated turnover was 11.9 million EUR, which is a 19% increase compared to revenues at the same period of the previous financial year.

As of the end of the period, the Group’s net cash balance was 5.4 million EUR.

During this quarter SAF Tehnika participated in several exhibitions in the United States that brought the largest US Internet Service Providers together. As well as to popularize the possibilities of engineering education SAF Tehnika participated in the Career days of Riga Technical University and the Institute of Transport and Communications. SAF Tehnika has implemented Net Promoters Score evaluation system to measure the satisfaction rate of the clients and to prevent the communication problems with clients and customers.

SAF Tehnika is the company with the long-term competence in development and production of microwave radios. SAF Tehnika will proceed with its work on new high-quality products for the microwave data transmission market, providing not only standardized solutions, but also product modifications in order to meet customers’ special needs, as well as searching innovative ideas for applying microwave data transmission. The Group is financially stable. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. The Board of SAF Tehnika cannot provide certain prognosis for sales figures and operational results.

About SAF Tehnika:

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and  “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.

Additional information:

Zane Jozepa
CFO, Member of the Board
+371 67 046 833
zane.jozepa@saftehnika.com

www.saftehnika.com

PRODUCT UPDATES
New firmware upgrade for CFIP Marathon II

We have released a new firmware version V2.70.20. for CFIP Marathon II. The new version includes an implemented RADIUS authentication, improved operation of 1+1 protection modes, 750kHz and 1.25MHz channel bandwidths added to Marathon II Narrow version, SNMP improvements; firmware upload/upgrade capability via SNMP added and more. The latest firmware can be found on our website (you must be logged in). Please contact our tech support team if you have any questions and/or need assistance with the upgrade.

SAF NEWS

Accelerated Media Technologies (AMT) chooses SAF 

Accelerated Media Technologies (AMT) has chosen SAF Tehnika’s point-to-point microwave radios as the Studio-To-Transmitter (STL) backhaul solution for its ENGenesis LTE ENG System. "We are excited to work with AMT as a Value Added Reseller and provide the final piece of the point-to-point communications link for their innovative ENGenesis LTE newsgathering solution,” said Janis Bergs, President, SAF North America. Read more about the project.

SHOWS & EVENTS

Globetrotting: from Critical Communications World to Mountain Connect 

During one of the busiest months of the year, we are participating in important industry events. Starting with Critical Communications World that takes place in Hong Kong, China from May 16-18. Visit us at booth #A11 and get a chance to see a unique product demo of a solution so energy efficient that it can be fully powered by clean energy sources. Few days after CCW, our North America team will be present at Mountain Connect in Dillon, Colorado. Visit them at booth#19.  Contact us at marketing@saftehnika.com if you would like to schedule a meeting with our team at either one of these events. 

UPCOMING TRAINING

SAF Integra training course at WISPAPALOOZA

Mark your calendar for October 9th, as we are offering a unique experience to learn all there is to know about the Integra series products. This course will provide an overview of these products and give you hands-on lab experience using an Integra RF link. After successful completion of the course, you will receive an official SAF certificate. Read the full course agenda here.

PHOTO OF THE MONTH

What happens in Vegas... should be posted in our newsletter 

Our team had a great time during NAB Show that took place in Las Vegas a few weeks back. We were very excited to share our latest creation for TV broadcasters. It is the ideal duplex STL/TSL solution for the TV Broadcasters migration from ATSC 1.0 to ATSC 3.0. Read a quick summary of how it went. 

According to the agreement No.  SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”, on February 6 – 11, 2017 the company participated at “WWL Conference Cruise” which took place in the Caribbean on the cruise ship Independence of the
Seas.

During the eventthere were presented Integra and Spectrum Compact product series. Visitors of „SAF Tehnika” stand were mainly from different regions of USA and the main interest was about our Integra product serie.

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.

Las Vegas, NY (April 24, 2017)

Accelerated Media Technologies (AMT) has chosen SAF Tehnika’s point to point microwave radios as the Studio-To-Transmitter (STL) backhaul solution for its ENGenesis LTE ENG System. 

Las Vegas, NY (April 24, 2017)

Accelerated Media Technologies (AMT) has chosen SAF Tehnika’s point-to-point microwave radios as the Studio-To-Transmitter (STL) backhaul solution for its ENGenesis LTE ENG System.

ENGenesis 2/7GHz BAS band communications solution utilizes a single high-capacity radio channel to support simultaneous bi-directional IP based video/audio/data communications providing broadcasters with high capacity private networks. The unique bi-directional communications solution enables full remote control of IP devices in the field from a centralized studio. AMT selected SAF Tehnika’s STL solution for its ability to transmit bi-directional video, Livewire™ audio and data 100% of the time without interruption.

“SAF Tehnika offers the ideal backhaul solution to provide live ENGenesis bi-directional communications between field production units and their base studios,” said John Wood, Director of Engineering for ENGenesis, AMT.

“The SAF Tehnika PhoeniX STL platform also provides TV broadcasters with an easy and cost-efficient migration path from ATSC 1.0 to ATSC 3.0.” “We are excited to work with AMT as a Value Added Reseller and provide the final piece of the point-to-point communications link for their innovative ENGenesis LTE newsgathering solution,” said Janis Bergs, President, SAF North America.

About Accelerated Media Technologies, Inc.

Accelerated Media Technologies Inc. (AMT) is the premier manufacturer of custom broadcast, command, and specialty vehicles and communications technologies such as the company’s revolutionary ENGenesis bi-directional 2/7GHz BAS band communications solution. AMT, the undisputed leader in mobile solutions worldwide, continues to refine the role and form factor of conventional news vehicles and has consistently introduced patented and exclusive technologies to evolve news acquisition to a new level. AMT is headquartered in Auburn, MA with facilities Haverhill, MA, Long Island City, NY, Upland, CA and Tampa, FL. Learn more at www.acceleratedmt.com.

About SAF

SAF Tehnika JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, European Union and sold in over 130 countries worldwide. North America sales and support is served by SAF North America, a subsidiary of SAF Tehnika with its headquarters and warehouse in Aurora, Colorado. SAF Tehnika has been listed on NASDAQ Riga stock exchange since 2004. Learn more at www.saftehnika.com

Editorial Contact

Vicki Hoffman / MediaMax

phone: 845-358-1801

e-mail: vhoffman@mediamaxservices.com

website: mediamaxservices.com

According to the agreement No.  SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on February 7 company exhibited at The Trading Show West Coast 2017 in San Francisco, USA.

During the exhibition SAF Tehnika presented Low Latency solutions for high-frequency trading. Visitors of „SAF Tehnika” stand were mainly from different regions of USA.

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.

SHOWS & EVENTS
From Las Vegas to Paris

We are heading to NAB Show, one of the biggest broadcasting events of the year. Our main focus will be on our STL link solutions and different microwave radio applications for broadcasting. We have created something that we are very proud of - the ideal duplex STL/TSL solution for the TV Broadcasters migration from ATSC 1.0. to ATSC 3.0., so stop by our booth to see a unique link demonstration in real time. Get a sneak preview here. SAF's booth no. is#N7509.

But if you happen to be on the other side of the pond the same week, we are excited to be going to Paris for Trade Tech event that is focused solely on low latency solutions for trading. Our booth number at Trade Tech is #16

SAF NEWS

Licensed and Unlicensed Wireless

During SAF's 20+ years of industry experience, we have gathered many stories that you might find valuable. Here is a good read on licensed and unlicensed wireless that will help you better evaluate the pros and cons of both options. You can also find other interesting stories on our LinkedIn page e.g. take a tour around our HQ, read about SAFs project in the North Sea and give us a follow, if you haven't already. 

PHOTO OF THE MONTH

SAF in The Land of the Long White Cloud 

Our team was in Wellington, New Zealand this week to take part in Comms Connect in Wellington. We were happy to be there with our official partner SAF Australia. 

 

EASTER GREETINGS

Happy holidays!

Whether you celebrate Easter or not, we hope you have a great weekend.

For Q2 of the FY 2016/2017, the Group's unaudited consolidated net turnover was 4.43 million euros, which is by 25%, or 0.89 million euros more than in Q2 of the FY 2015/2016, and by 13% more than in Q1 this year.

The Group closed Q2 with the profit of 425 thousand euros (unaudited), which is by 112 thousand euros more comparing to revenues generated in Q2 of the previous financial year. The unaudited consolidated result for 6 months of the FY 2016/2017 is the profit of 826 thousand euros, which is by 221 thousand euros more, comparing to the Group's result of 6 months of the previous FY 2015/2016 (the profit of 605 thousand euros).

More than half of the quarterly turnover (51% or EUR 2.2 million) was made by sales in the European and CIS region. It was related to the development of data transmission solutions and products tailored to specific customer needs. This region’s result is by EUR 1.3 million greater than in Q2 last year and is two times higher than the results of the preceding quarter.

Despite the slight decline in Q2, the revenues in North/Latin Americas during the 6-month period exceeded 50% of the total Group’s turnover and amounted to EUR 4.07 million, thus demonstrating a 12% increase against the results of the first half of the previous financial year.

 The Group’s products were sold in 51 countries during the reporting quarter.

The Group’s unaudited consolidated turnover for the 6-month period of the FY 2016/2017 was EUR 8.2 million, which is a 17% increase compared to the last fiscal year’s revenues in the same period.

During the 6-month period of the financial year, the Group had a negative net cash flow equaling to EUR 490 thousand. In December 2016, dividends were paid in the amount of EUR 0.34 (thirty-four cents) per share, or a total of EUR 1.009 million. As of the end of the reporting period, the net cash balance of the Group was EUR 5.4 million

SAF Tehnika is the company with the long-term competence in development and production of microwave radios. SAF Tehnika will proceed with its work on new high-quality products for the microwave data transmission market, providing not only standardized solutions, but also product modifications in order to meet customers’ special needs. The Group is financially stable. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. Although the result of the reporting period is positive, the Board of SAF Tehnika cannot provide a certain prognosis for sales figures and operational results.

About SAF Tehnika:

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq  Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and  “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.

Additional information:
Zane Jozepa
CFO, Member of the Board
+371 67 046 833
zane.jozepa@saftehnika.com

FIRMWARE UPDATES 
Updates for SAF Integra series radios

Two major firmware updates V3.5.17 are now available for our Integra-S/-G/-GS and Integra-W/-WS(out-of-band) radios.  The firmware updates include an improved system stability and robustness, new performance sensors, RMON support, SFP information, enable/disable of a guest user, various SNMP, troubleshooting file, performance log and Web GUI improvements and bug fixes. To learn more about the updates and what they include, please visit the downloads section on our website.
Please note that you have to log in, in order to access the firmware. 

SHOWS & EVENTS
We'll be here in 2017! 

The upcoming year is looking out to be very productive - product releases and new trade shows that are yet to be discovered. We are excited because very soon we will be packing our bags and heading to one of the most prominent financial trading events The Trading Show that will take place in San Francisco on 7th of February. A day before that our team will be embarking on the WWL cruise as Elite sponsors. There is still a chance to register for the cruise and take part in the amazing opportunity to win a brand new Spectrum Compact. Learn more about it: www.saf.marketing

INFOGRAPHIC
Microwave vs. Fiber

Manning or Brady? Coke or Pepsi? Microwave or fiber? These are some of the most popular unresolved questions of the past few decades. While it is clear that one of these things is not like the other, all of them have their pros and cons. Take a look at our view on the subject matter. Note! All the information that can be found in this graph is based on our own experience and knowledge of working in this industry for more than 20 years. This should not be considered as a scientific research paper.

NEWS
You help us improve | Customer Satisfaction Survey

Every year we ask you, our customers, to give us your opinion about our products and services. Here is a brief overview of some of the statistics from this year's Customer Satisfaction Survey: