SERSTECH AB: Serstech receives important reference order of 2 MSEK

Serstech has today received an order from a Southeast-Asian narcotics police organization. The order will be invoiced and delivered in March 2020.

Buyers in the security industry typically want to remain anonymous, since they do not want to disclose their technical capability. The narcotics police community however communicate openly between departments and organizations and the order represents an important door opener for Serstech in the region.

This is the first of several tenders that were previously postponed from Q4 2019.

"Serstech has for the last nine months prioritized the development of our capabilities in narcotics and the feedback we have received has been very positive. We are happy that the postponed 2019 tenders now begin to close”, says Stefan Sandor, Serstech CEO.

For further information, please contact:
Stefan Sandor,
CEO, Serstech AB
Phone: +46 739 606067
Email: ss@serstech.com

Thomas Pileby,
Chairman of the Board, Serstech AB
Phone: +46 702 072643
Email: tp@serstech.com 
Company website: www.serstech.com

This is information that Serstech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above at 13:45 CET on March 6, 2020.

Certified advisor to Serstech is Västra Hamnen Corporate Finance AB, phone: 040-20 02 50, e-mail: ca@vhcorp.se

About Serstech
Serstech delivers solutions for chemical identification and has customers across the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and first responders. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech’s solution. 

Serstech is traded at Nasdaq First North Growth Market and more information about the company can be found at www.serstech.com