TC TECH receives the company's first order in the biotechnology sector from the Israeli diagnostic company Picodya Technologies Ltd. (Picodya)

TC TECH receives the company’s first order in the biotechnology sector from the Israeli diagnostic company Picodya Technologies Ltd. (Picodya)

TC TECH Sweden AB (publ) announces that the company has received an order worth approx. 6.5 MSEK covering the manufacturing system and consumer product manufacturing equipment in the context of microfluidics / diagnostics. The customer will use TC TECH technology in its research and development activities, with the aim of integrating it into commercial solutions.

Picodya is an innovative diagnostics company, which develops solutions to enable rapid and cost-effective in vitro diagnostics directly at point of care (POC) facilities. Each diagnostic test for a patient requires the use of advanced consumables, which must be manufactured with high precision to ensure efficient and reliable diagnostics.

“I am delighted to present TC TECH’s first order in the biotech sector, and it is also very cost effective that it comes from a company based in Europe. Being selected as a technology provider for an innovative diagnostics company like Picodya is a step. interesting for TC TECH and we will look forward to further developing our technology together with Picodya for applications in this market segment “, says the CEO of TC TECH Alessandro Luigia.

The order includes an HPE RtS TCP150 Production System with delivery to the customer as early as the end of the second quarter of 2022.

The parties have also initiated discussions on a collaboration agreement to further improve TC TECH’s manufacturing technology, with a focus on applications in microfluidics. TC TECH has a positive view of this opportunity to further develop the company’s offering in this exciting market segment.

For more information, please contact:

Alessandro LuigiaCEO, TC TECH Sweden AB (to publish)
Tel: +46 (0) 8-788 08 01
Email: alexander.luiga@tctech.se
www.tctech.se

This information was sent for publication through the agency of the aforementioned contact person, at 16.20 CET onwards May 10, 2022.

Information on TC TECH

TC TECH is an innovative high-tech company that has developed its own system for the production of advanced plastic details with nano patterns. The operations are based on an IPR protected induction technique that allows the material to be heated and cooled quickly and with high precision. Initially, TC TECH chose to focus on systems for the production of diffusers for mini-LEDs and the so-called Light Guide Plates (LGP) for screens and displays. TC TECH has its registered office and registered office in Stockholm (Spanga), Swedenwhere the R&D operations are also based.

TC TECH stock is listed on the Nasdaq First North Growth Market.

Arctic titles is the Certified Consultant of the company, email: Certifiedadviser@arctic.com, tel: +46 844 68 61 00.

https://news.cision.com/tc-tech-sweden-ab–publ-/r/tc-tech-receives-the-company-s-first-order-in-the-biotechnology-sector-from- Israel-based diagnostics, c3564354

https://mb.cision.com/Main/13421/3564354/1577623.pdf

(c) Cision 2022. All rights reserved., source Press Releases – English

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