DGAP-News: Alphaform AG / Key word(s): Insolvency Alphaform AG: Alphaform has filed for interim bankruptcy 28.07.2015 / 20:48 --------------------------------------------------------------------- Press release Alphaform has filed for interim bankruptcy Feldkirchen, 28 July 2015. Alphaform AG today applied to the responsible district court in Munich for the opening of bankruptcy proceedings on the grounds of impending insolvency. Over the course of the bankruptcy proceedings, the leading service provider for 3-D technology intends, together with the bankruptcy administrator, to continue to implement the restructuring efforts which have already been begun. The company's domestic and foreign subsidiaries are not affected by the proceedings and will continue to work as they have been doing up until now. Restructuring concept is in place Since March 2014 Alphaform has been pushing forward with putting comprehensive new structures in place across its operations. At the facilities in Eschenlohe and Stade the turnaround has already been largely achieved; sales have also been newly organised. At the facility in Feldkirchen on the other hand, the challenges, as we have already made known, were considerably more extensive as had been originally expected; in response to this, the company initiated a restructuring concept in accordance with IDW S6 in June 2015. The implementation of these measures cannot be financed from the operative business. As a consequence of this, the management decided to apply for the opening of bankruptcy proceedings on the grounds of impending insolvency. Chairman of the Board at Alphaform, Dr. Hanns-Dieter Aberle explained: "I remain convinced that Alphaform will come out at the other end of this difficult crisis even stronger than before. Our restructuring concept will bring the turnaround in the second half of 2015. Our company has comprehensive expertise at its disposal and has received innovation awards for its pioneering work in additive manufacturing. The industrial 3-D printing market will grow rapidly in the upcoming years. The challenge now is to concurrently finance both the operative growth and the restructuring." About Alphaform Founded in 1996 and headquartered in Feldkirchen near Munich, Alphaform AG is a leading European handler for the renovation of industrial development and production with innovative 3D printing and rapid technologies. As a service provider, Alphaform guides its clients from product development through to product manufacture; it assists them in introducing and utilising innovations and delivers expertise, engineering knowledge, prototypes, individual parts, small-scale series, series and project management. Among others, Alphaform today serves the premium manufacturers of the automotive industry, mechanical, plant and automotive engineering, the aerospace industry, tool making and medical technology. Its particular areas of expertise include complex assembly, lightweight construction and orthopaedic implants and instruments. It has subsidiaries in Germany, Finland, Sweden and the UK. Alphaform's shares are listed in the Prime Standard segment of the Frankfurt stock exchange (code: ATF; securities code number (WKN): 548 795). Contact: Dr. Hanns-Dieter Aberle, CEO Thomas Kresser, CFO Alphaform AG Alphaform AG KapellenstraÃe 10 KapellenstraÃe 10 85622 Feldkirchen 85622 Feldkirchen Tel.: +49 89 905002 35 Tel.: +49 89 905002 35 Fax: +49 89 905002 1035 Fax: +49 89 905002 1035 e-mail: hdaberle@alphaform.de e-mail: tkresser@alphaform.de Internet: www.alphaform.de Internet: www.alphaform.de Disclaimer This press release/ad-hoc disclosure is not an offer document and does not constitute an offer of shares of Alphaform AG ("Company") nor an invitation to an offer to buy or subscribe for shares or securities of the Company but is provided for information only. This press release/ad-hoc disclosure may contain forward-looking statements that are subject to risks and uncertainties, including those pertaining to the anticipated benefits to be realized from the proposals described herein. Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation and supply and demand. The Company has based these forward-looking statements on its views and assumptions with respect to future events and financial performance. Actual financial performance could differ materially from that projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and financial performance may be better or worse than anticipated. Given these uncertainties, persons should not put undue reliance on any forward-looking statements. The information contained in this presentation is subject to change without notice and the Company does not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, except to the extent required by applicable laws and regulations. Important notice to persons in the United States of America All information in this press release/ad-hoc disclosure is being made available in the United States of America only to persons believed by the Company to be capable of understanding and evaluating the risks of a transaction. No shares or other securities of the Company have been registered or otherwise qualify for a public sale or resale under federal or state laws in the United States of America. Each recipient of information doing business in or organized under any federal or state laws in the United States of America or in areas subject to its jurisdiction represents that it is an "accredited investor" as defined by Rule 501 or Regulation D under the Securities Act of 1993 ("the Act") and acknowledges that none of the shares in the Company will be registered under the Act and cannot be resold in the absence of such registration or the availability of an exemption there from. The shares in the Company have not been approved or disapproved by the United States Securities and Exchange Commission, any state securities commission or other regulatory authority, nor have any of these authorities passed judgment upon or endorsed the merits of an investment in the shares of the Company or the accuracy or adequacy of this presentation. Any representation to the contrary is a criminal offence. Important notice to persons in the United Kingdom All information in this press release/ad-hoc disclosure is being made available to the recipients on the basis that they are persons covered by Article 11(3) of the Financial Services Act 1986 (Investment Advertisements) (Exemptions) Order 1996. By accepting this document the recipient warrants and represents that he or it is such a person. --------------------------------------------------------------------- 28.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Alphaform AG KapellenstraÃe 10 85622 Feldkirchen Germany Phone: +49 (0)89 905002 - 0 Fax: +49 (0)89 905002 - 90 E-mail: ir@alphaform.de Internet: www.alphaform.de ISIN: DE0005487953 WKN: 548795 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 381777 28.07.2015
DGAP-News: Alphaform AG: Alphaform has filed for interim bankruptcy
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