SMARTRAC N.V. / Key word(s): Miscellaneous
26.10.2011 12:43
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Amsterdam, October 26, 2011 - SMARTRAC N.V., a leading developer,
manufacturer, and supplier of RFID transponders, announced that the company
from today's perspective expects to be able to restart production in
Thailand in the course of January 2012. Based on the current planning, the
company furthermore assumes that total production capacity of the Group
will also be re-established in the course of January 2012.
Until then, the company will make use of its global production network and
relocate production capacity to other locations to serve customers.
Regarding the current situation in Thailand, the water level in the Hi-Tech
Industrial Estate and the surroundings is still at a high level. The ground
floors of the company's five production facilities are still underwater up
to approximately 2.5 meters. The production environment, equipment, and
materials upstairs are still unaffected by the high-water.
About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID
components for a broad range of applications in all current frequency
standards. The company produces both ready-made and customized transponders
for public transport, access control, RFID-based car immobilizers, animal
identification, libraries, industry, and logistics.
SMARTRAC is the global market leader in high-quality RFID inlays for
electronic passports (e-passports) and contactless credit cards (e-payment)
as well as for RFID transponders for public transportation applications.
SMARTRAC was founded in 2000, went public in July 2006, and trades as a
stock corporation under Dutch law with its registered headquarters in
Amsterdam. The company currently employs some 3,300 employees and maintains
a global research and development, production, and sales network.
Forward-looking statements:
To the extent that this ad hoc release contains forward-looking statements,
such statements are based on assumptions, planning, and forecasts at the
time of publication of this ad hoc release. Forward-looking statements
always involve uncertainties. Business and economic risks and developments,
the conduct of competitors, political decisions, and other factors may
cause the actual results to be materially different from the assumptions,
planning, and forecasts at the time of publication of this ad hoc release.
Therefore, SMARTRAC N.V. does not assume any responsibility relating to
forward-looking statements contained in this ad hoc release. Furthermore,
SMARTRAC N.V. does not assume any obligation to update the forward-looking
statements contained in this ad hoc release.
Tanja Moehler
Head of Corporate Communications
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email: tanja.moehler@smartrac-group.com
Internet: www.smartrac-group.com
26.10.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: SMARTRAC N.V.
Strawinskylaan 851
1077 XX Amsterdam
Netherlands
Phone: +31 20 30 50 157
Fax: +31 20 30 50 155
E-mail: investor.relations@smartrac-group.com
Internet: www.smartrac-group.com
ISIN: NL0000186633
WKN: A0JEHN
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Update on High-Water Situation at SMARTRAC Production Facilities in Thailand
| Source: EQS Group AG