News : Simtronics

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Negative third quarter for Simtronics

10/29/2010 2:23 AM EST  -   Simtronics ASA
Simtronics ASA, the Norwegian fire and gas safety company, today posted its third quarter 2010 results. The Company saw a drop in sales and had negative earnings, however the order intake exceed sales in the quarter.
Postponed sales for Simtronics products and financial challenges marked the third quarter for the Company. Simtronics posted sales of NOK 64.6 million in the third quarter. This is a 17 per cent...

SIMTRONICS ASA ANNOUNCES FUNDING AGREEMENT WITH AUTRONICA FIRE AND SECURITY AS

8/3/2010 2:36 AM EST  -   Simtronics ASA
Simtronics ASA announced today that it has signed an agreement for bridge funding of NOK 18 million with Autronica Fire and Security AS. 

On July 12th, 2010 Simtronics announced that Autronica Fire and Security AS (“Autronica”) had informed it on 11 July 2010 of a non-binding intention to launch a potential offer for all shares in Simtronics. Due to the holiday season in Norway, completion of legal conditions and...

FRAME AGREEMENT AND ORDER IN HAND – SIMTRONICS TO DELIVER INERGEN FIRE FIGHTING ...

6/3/2010 2:42 AM EST  -   Simtronics ASA
Simtronics ASA has through its subsidiary Fire Eater A/S (NUF Stavanger) entered a frame agreement with Tine AS. The frame agreement covers the supply of INERGEN systems for the protection of Tine production and warehouse facilities. The frame agreement covers Tine facilities in Norway and the initial duration is from this date and through 2011.
Within the frame agreement the first specific order for INERGEN...

ANNUAL GENERAL MEETING HELD

5/20/2010 10:57 AM EST  -   Simtronics ASA
Simtronics ASA held its Annual General Meeting 20 May 2010. All proposals to the AGM were approved.

The minutes from the meeting are attached.


For further information, please contact:

Mr Rune Martini, CEO, Simtronics ASA
Phone +47 48 07 80 80


Homepage: www.simtronics.no


Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and...

ORDER IN HAND – SIMTRONICS TO DELIVER INERGEN FIRE FIGHTING SYSTEM IN THE UAE

5/10/2010 6:14 AM EST  -   Simtronics ASA
Simtronics ASA has through its subsidiary Fire Eater A/S, received an order from ADT Italy for INERGEN fire fighting system components to be delivered in the UAE for the Habshan project.

The value of the order is in excess of NOK 2.6 mill. Delivery will take place in June and July 2010.


For further information please contact:

Mr Rune Martini, CEO, Simtronics ASA
Phone +47 48 07 80 80

Mr Torbjørn Laursen,...

ORDER IN HAND – SIMTRONICS TO DELIVER NITROGEN SYSTEMS IN SINGAPORE AND TURKEY

5/10/2010 2:41 AM EST  -   Simtronics ASA
Simtronics ASA has through its subsidiary, Water Mist Engineering AS, received orders for delivery of a Nitrogen System to one FPSO project in Singapore and one Nitrogen Generator to a Chemical Tanker project in Turkey. The order to Turkey includes an option of one more system.

The total value of these orders are in excess of NOK 6,0 million and deliveries will take place during Q3 and Q4 2010.

Water Mist...

SIGNS OF RECOVERY FOR SIMTRONICS

5/6/2010 2:00 AM EST  -   Simtronics ASA
Simtronics ASA, the Norwegian fire and gas safety company, today posted its first quarter 2010 results. The company has started to recover from the difficulties in the second half of last year, but is still facing a challenging market.

“In the first quarter we saw what we believe is the beginning of better times. Our order flow is picking up again and cost reductions are beginning to take effect,” said Simtronics...

NOTICE OF ANNUAL GENERAL MEETING

4/30/2010 10:46 AM EST  -   Simtronics ASA
Please find enclosed the Notice of Annual General Meeting in Simtronics ASA on 20 May 2010, including the Annual Report for 2009.

Please note that the company’s lenders; DnB NOR Bank ASA and Autronica Fire and Security AS has granted a waiver from the company’s breach of the covenants under the loan agreements and new terms have been agreed for 2010. Further information in this respect is provided in the annual...

INVITATION – PRESENTATION Q1 FINANCIAL RESULT

4/30/2010 6:57 AM EST  -   Simtronics ASA
Simtronics’ first quarter 2010 result will be released on Thursday 6 May at 8:00 a.m.

The quarterly financial report and the presentation document (English) will be sent to Oslo Stock Exchange and also published on Simtronics’ homepage www.simtronics.eu and on http://www.cisionwire.com/simtronics-asa

Presentation of the results:
Date: Thursday, 6 May 2010
Time: 08:00
Location: Felix Konferansesenter/”Arendal”,...

EXTRAORDINARY GENERAL MEETING HELD

4/16/2010 9:57 AM EST  -   Simtronics ASA
Simtronics ASA held an Extraordinary General Meeting 16 April 2010.
All proposals to the EGM were approved.
The minutes from the meeting are attached.

For further information, please contact:

Mr. Frode Arnesen, CFO, Simtronics group
Phone + 47 92 01 53 21

Homepage: www.simtronics.no

Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international...