NYHETER

2019 16 jan 14:40 First North
Serstech AB : SERSTECH AB: Serstech repossesses products from Indonesia

In July 2018, Serstech cancelled the agreement with International Outsourcing
Services (IOS) in Indonesia and wrote off the remaining payment due for
delivered products. After a legal process, Serstech now has repossessed products
with a sales value of more than 2 MSEK. The value of the repossessed products is
higher than the amount owed by IOS and covers all costs Serstech has had related
to the matter. The products will be included as an asset, valued at production
cost, in Q4 2018.

"I am content that we can close the chapter related to the IOS order. We
continue to expand our distribution partner network and having these units ready
for quick delivery will be an advantage", says Stefan Sandor, Serstech CEO.

For further information please contact:
Stefan Sandor,
CEO, Serstech AB
phone +46 739 60 60 67
e-mail: ss@serstech.com
or visit www.serstech.com

Serstech AB (Publ.) Is required to publish the information in this press release
under the EU Market Abuse Regulation. The information was submitted for
publication on January 16, 2019 at 14.40.

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


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