The collaboration concerns OFILM's product within biometric access control, where JonDeTech's sensor element will be implemented to save battery life through presence detection. The product is already sold on the Chinese market by OFILM itself, and in 2019 the company sold approximately 15 million units.
OFILM is a leading supplier of high-tech components, and modules found, among other things in smartphones, laptops, tablets, and other consumer electronics products in the Internet of Things (IoT) and smart homes. The company is one of the strategic partners that JonDeTech identified in its Go-To-Market Strategy.
Development work in the field of smart locks has been ongoing for seven months and is part of a broader portfolio of conceivable products intended for IoT and smart homes. OFILM's biometric access control is battery powered, and by using JonDeTech's passive sensor (which draws minimal power) to turn on the system just before use reduces power consumption and increases the life of the existing battery. The developed module can be used to wake up a wide range of existing and future products in smart homes and smart buildings.
- OFILM is the best partner for JonDeTech, and they were at the top of the wish list in our Go-To-Market strategy. I see this as the start of long-term cooperation where access control became the initial project since it is OFILM's product and it was a fantastic product-market-fit. Also, this means a good step for us to ramp up our production, says Per Lindeberg, CEO JonDeTech.
- We have had a dialogue with JonDeTech for a long time with a focus on implementing their unique sensor based on nanotechnology in many areas. During the development work, we were so impressed that as the first project, we chose to get the sensor into our product within smart locks. We look forward to long-term and mutually beneficial cooperation, says Stark Guan, CEO OFILM Bio-Identification Technology.
For further information, please contact:
Per Lindeberg, CEO JonDeTech, Phone: +46 73 870 00 00, Email: email@example.com
Stark Guan, CEO OFILM Bio-Identification Technology, tel: +86 136 0250 0575 mail: Guansaixin@ofilm.com
This information is information that JonDeTech 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 below, at 08.40 am CEST on 14 April 2020.
OFILM Group Co., Ltd (OFILM), established in 2002, was listed in Shenzhen Stock Market Exchange in 2010 with stock code 002456. The primary business areas of OFILM consist of camera modules, fingerprint modules, touch panels (including full lamination), and automotive. The products are being used in smartphones, tablets, smart vehicles, wearables, etc. in consumer electronics and smart automotive. For more information: www.ofilm.com.
About JonDeTech JonDeTech is a Swedish company that develops, and markets patented IR sensor technology based on nanotechnology. The company's IR sensors are down to one-tenth as thick as conventional sensors, built in plastic and can be manufactured in high volumes at a low cost, which opens for a variety of applications in, among other things, consumer electronics and mobile phones. The company was founded in 2008 and is listed on Nasdaq First North Growth Market. Redeye is the company's Certified Adviser, +46-8-121 576 90, firstname.lastname@example.org, https://www.redeye.se. Read more at www.jondetech.se or see how the IR sensor works at www.youtube.com/watch?v=2vEc3dRsDq8.
JonDeTech Sensors AB (publ) and Varioprint AG, Heiden, Switzerland, have today signed a so-called term sheet, meaning that negotiations regarding a long-term collaboration regarding the development, production and distribution of JonDeTech's sensor elements will begin. The goal is to have reached a consensus by 30 June 2021 on issues concerning, among other things, forms of cooperation, financing, organization, volume targets and production units related to target markets.
To enable share-based commission to the underwriters in the rights issue carried out by JonDeTech Sensors AB (publ) ("JonDeTech" or the "Company"), the Company has issued 436,144 shares by way of a set-off issue. The set-off issue was registered with the Swedish Companies Registration Office on 16 October 2020.
On 28 August 2020, JonDeTech Sensors AB (publ) ("JonDeTech" or "the Company") published a prospectus for the fully underwritten rights issue of 3,634,560 shares with preferential rights for the Company's existing shareholders, resolved by the extraordinary general meeting on 10 August 2020 (the "Rights Issue"). The Rights Issue, in which the subscription period ended on 15 September 2020, was heavily oversubscribed and no underwriter undertakings will thus need to be utilised. The Rights Issue will provide the Company with approximately MSEK 36.3 before issue costs.
The prospectus relating to the rights issue in JonDeTech Sensors AB (publ) ("JonDeTech" or the "Company") of approximately a maximum of MSEK 36.3 before issue costs has today on 28 August 2020 been approved and registered by the Swedish Financial Supervisory Authority. The prospectus is available on the Company's website www.jondetech.se as well as on Hagberg & Aneborn's website www.hagberganeborn.se.
An extraordinary general meeting of JonDeTech Sensors AB (publ), reg. no. 556951-8532 (the "Company") will be held on Monday, 10 August 2020. Due to the current circumstances the general meeting will be held by way of a postal voting procedure, meaning that no shareholders will be participating at the general meeting in person or by proxy. Instead, shareholders may participate at the general meeting by voting and asking questions in advance in accordance with the instructions below.
JonDeTech Sensors AB (publ) ("JonDeTech" or the "Company") announces today that the board of directors has resolved to carry out a 100% underwritten rights issue of MSEK 36.45 as well as to carry out a directed share issue of MSEK 18.45. Both share issues are carried out at a subscription price of SEK 10.00 per share. The rights issue requires approval by an extraordinary general meeting, which is planned to be held on 10 August 2020.
This is the third project that JonDeTech and Chinese OFILM are working on together. The collaboration has already been initiated and the development agreement concerns a module to detect presence in laptops - a cornerstone in Intel's innovation program Project Athena. Turning off power-intensive functions when no one is in front of the computer reduces energy consumption and increases battery life.
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