DGAP-News: Alphaform AG: Alphaform has filed for interim bankruptcy


DGAP-News: Alphaform AG / Key word(s): Insolvency
Alphaform AG: Alphaform has filed for interim bankruptcy

28.07.2015 / 20:48

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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
Kapellenstraße 10 Kapellenstraße 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.



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28.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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Language:    English                                                    
Company:     Alphaform AG                                               
             Kapellenstraße 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  
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