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 19-21 company exhibited at "HortiContact GO 2019 (GO)" in Gorinchem , Netherland.

During the exhibition SAF Tehnika presented Aranet product series. Visitors of stand were mainly from different regions of Netherland and other countries.

„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.

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 March 19 – 21, 2019 the company exhibited at “WISPAMERICA 2019” which took place in Cincinnati, OH.

During the exhibition „WISPAMERICA 20192018" there were announced new Integra-E radio and 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.

For Q2 of the FY 2018/2019, the Group's unaudited consolidated net turnover was 3.9 million euros, which is by 10% more than in Q2 of the FY 2017/2018. The Group closed Q2 with the loss of 149 thousand euros (unaudited). The unaudited consolidated result for 6 months of the FY 2018/2019 is the loss of 490 thousand euros.

Most of the quarterly turnover was made by sales in North/Latin Americas region – 57% or 2.2 million EUR. It was related to specific project realization in the region and is the highest quarterly turnover since the beginning of the previous FY.

Turnover in Europe and CIS region composes 37% or EUR 221 thousand EUR, which is equal to the result of the previous Q2.

The Group’s products were sold in 52 countries during the reporting quarter.

The Group’s unaudited consolidated turnover for the 6-month period of the FY 2018/2019 was EUR 6.96 million, which is a 7% decrease compared to the last fiscal year’s revenues in the same period. Turnover fluctuations are affected by the difference in the results of Q1.

During the reporting period, SAF Tehnika participated in trade fairs, including the US largest exhibition for wireless internet service providers (WISP) – WISPAPALOOZA in Las Vegas, as well as in the largest African technology event – AfricaCom, and in the largest technology exhibition of the Middle East, Gitex, held in Dubai, UAE.

The Group continues to explore market demand and problematic issues in order to be able to provide necessary product modifications, as well as continued investments in product development, increasingly focusing on the diversification of its product portfolio.

The Company’s goal is to stabilize sales levels to ensure a positive net result in the long term. The Board of SAF Tehnika retains caution and refrains from making certain predictions regarding future sales volumes and financial 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, the USA serving North American market.

Attachments:  6M FY18_19_SAF_results ENG.pdf

         Additional information:
         Zane Jozepa
         CFO, Member of the Board
         +371 67 046 833
         zane.jozepa@saftehnika.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 5-7 company exhibited at “DistribuTech 2019” in New Orleans Ernest N. Memorial Convention Center, USA.

During the exhibition SAF Tehnika presented Spectrum Compact product series, Integra series,  PhoneiX G2 and CFIP Marathon II microwave radios. Visitors of 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.

On 20 November, 2018 during shareholders` meeting of SAF Tehnika JSC a Supervisory Council of the Group was elected for 3-year term.

During the first meeting, the Supervisory Council has elected its Chairman and Vice-chairman.

Juris Ziema, a long-term vice-Chairman of the Council and Director of production at SAF Tehnika JSC, has been elected as the Chairman of the Council. Whereas Andrejs Grisans a chief of production department was elected as Vice-Chairman of the Council. Other members of the Council are Ivars Šenbergs, Aira Loite, Sanda Šalma.

More information about the members of the Council is available on the website of SAF Tehnika JSC.

         Zane Jozepa
         Chief Financial Officer, Member of the Board
         +371 67 046 840
         Zane.Jozepa@saftehnika.com
         www.saftehnika.com

Attachments: 20181120_AkcionaruSapulcesProtokols_WEB_ENG.pdf

Additional information:
Zane Jozepa
CFO, Member of the Board
+371 67 046 833
zane.jozepa@saftehnika.com
www.saftehnika.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 November 13-15 company exhibited at AfricaCom 2018 in Cape Town, South Africa.

During the exhibition SAF Tehnika presented Integra, Spectrum Compact product series and Aranet IoT solutions. Visitors of „SAF Tehnika” stand were mainly from Africa’s southern region countries.

„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.

In the first quarter of the financial year 2018/2019, the Group’s unaudited consolidated net turnover was 3 million euros, which is by 23% less compared to the first quarter of the financial year 2017/2018. Sales volumes during the period are equivalent to the results of Q4 of FY 2017/2018.

The region of North/Latin Americas had the turnover of 69%, or 2.1 million euros, being 14% lower compared with the same quarter of the previous financial year. However, it exceeds the final quarter results of the previous financial year by 20%, or 345 thousand euros.

The turnover in the AMEA (Asia, Middle East, Africa) region was 11%, or 0.3 million euros. The region’s turnover increased by 16% compared with the same quarter of the previous financial year.

A noteworthy event during the period was the involvement of SAF Tehnika to ensure the live broadcast of the visit of His Holiness the Pope Francis in Latvia, by providing a portable link solution.

The Group’s costs did not exceed the planned levels and were generally equivalent to those of the same period in the previous year. The Group continues to invest in the development of new products and product modifications.

The Group closed Q1 of the FY 2018/2019 with loss of 341 thousand euros (unaudited), contrary to the profits of the first quarter in the previous financial year.

The Group’s net cash balance at the end of the period was 3.31 million euros.

SAF Tehnika is the company with the long-term competence in development and production of microwave radios.

The Group continues to explore market demand and problematic issues in order to be able to provide necessary product modifications, as well as continues investments in product development, increasingly focusing on the diversification of its product portfolio. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term.
     

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.

Attachments: 3M FY18_19_SAF_results ENG.pdf
 
         Additional information:
         Zane Jozepa
         CFO, Member of the Board
         +371 67 046 833
         zane.jozepa@saftehnika.com
         www.saftehnika.com