SERSTECH AB: Serstech signs its third OEM agreement

Serstech has today signed an OEM agreement with the Swiss company RS Dynamics. The initial order value is approximately 3 MSEK, which will be invoiced in Q4 2019 and the first half of 2020.

RS Dynamics has developed the cutting edge of patented technologies in portable and handheld devices for trace detection of explosives, narcotics and radioactive materials. The devices can detect the presence of extremely small traces of explosives and narcotics but cannot identify the substances.

With the addition of Serstech’s Raman instrument and ChemDash software, RS Dynamics’ portfolio will include both trace detectors and a complete solution for identification of the detected substances.

"Serstech offers products and technical expertise that are rare in the industry and we are thrilled to include a version of their instrument in our portfolio. Our trace detection customers are asking for the ability to identify any found threats and Serstech’s Raman device will complete our portfolio”, says RS Dynamics CEO, George Blaha.

"We are happy to enter into this agreement with such an accomplished partner as RS Dynamics. RS Dynamics will now be able to offer a unique combination of instruments for the security market and we expect to see results from this cooperation already in 2020", says Serstech CEO Stefan Sandor.

For more information, please contact

Stefan Sandor, CEO Serstech AB
+46 739 60 60 67
ss@serstech.com

Thomas Pileby, Chairman of the board at Serstech AB
+46 702 07 26 43
tp@serstech.com

George Blaha, CEO RS Dynamics
+41 76 541 36 24
info@rsdynamics.com

Serstech 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 15:50 CET on May 31, 2019.

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 identifications and has customers across the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and United Nations. 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 and you find more information about the company at: www.serstech.com.