TagMaster intent to acquire Balogh

Press release, Stockholm, April 27, 2016

TagMaster, the leading producer of advanced RFID products & ANPR cameras for
long range vehicle identification in Traffic Solutions and Rail Solutions, has
signed a Letter of Intent to acquire Balogh group in France.

Balogh is a well-known RFID specialist which have been a technical pioneer
within this industry since it was founded 1958. Balogh has offices for R&D and
production in Paris, Toulouse and Normandy and is working towards the three RFID
segments of rail, access/security and industrial.

Balogh S.A. and Balogh Normandie is in receivership (Redressement Judiciaire)
since May 2015 and the parties will jointly submit a “continuation plan” which
will be subject for approval by the court in Paris (Tribunal de Commerce de
Paris), the approval is expected to take place in June and the acquisition is
conditioned by the approval.

The revenue of Balogh is approx. 3,5 M€ and 35 people are employed.

 “TagMaster is excited taking this next step in our growth strategy and will
together with Balogh become a stronger player within both Rail and Traffic
Solutions and continue to build a relevant position as technology provider
towards Smart Cities. We will use this opportunity to create a center of
excellence for our Rail Solutions in France merging our French and Swedish
knowhow, enlarging our product offering towards the major players with rail
signaling and being able to take on larger projects. Within Traffic Solutions we
will merge our product ranges resulting in fewer products, with larger volumes,
and we will get access to more geographical areas and become stronger in France
and other south European countries. We will also start selling our CitySync
range of products through Baloghs sales channels“ says Jonas Svensson, CEO,
TagMaster

For more information, please contact;
Jonas Svensson, CEO
Telephone: +46 8 632 1950
E-mail: jonas.svensson@tagmaster.com

About TagMaster

TagMaster is an application driven technology company that designs and markets
advanced   identificationsystems and solutions based on radio & vision
technology (RFID & ANPR) for demanding environments. Business areas include
Traffic Solutions and Rail Solutions providing innovative mobility solutions,
sold under the brands TagMaster & CitySync, in order to increase efficiency,
security, convenience and to decrease environmental impact within Smart Cities.
TagMaster has dedicated agencies in the US and in China and exports mainly to
Europe, Middle East, Asia and North America via a global network of partners,
systems integrators and distributors. TagMaster was founded in 1994 and has its
headquarters in Stockholm. TagMaster is a public company and its shares are
traded on First North stock exchange in Stockholm, Sweden.TagMasters certified
advisor is Remium AB. For more information about TagMaster, please visit
www.tagmaster.com