InTiCa Systems SE / DE0005874846
18.07.2024 - 16:50:29InTiCa Systems SE: Strategic expansion of the product portfolio and repositioning of the segments
| InTiCa Systems SE / Key word(s): Miscellaneous 18.07.2024 / 16:50 CET/CEST The issuer is solely responsible for the content of this announcement. Automotive segment renamed Mobility Commercial and special vehicles, two-wheelers, rail vehicles and aircraft as additional target markets Industry & Infrastructure segment to be expanded as well Passau, July 18, 2024 – InTiCa Systems SE (Prime Standard, ISIN DE0005874846, ticker IS7), a leading provider of electronic components and systems, hereby announces that it is changing the name of its Automotive segment to Mobility. This strategic decision highlights the company’s future-oriented vision and paves the way to access new markets. In the Annual Report 2023, the Board of Directors announced plans to extend its expertise as a solution provider to further market areas to reduce dependence on individual products and sectors of industry. Alongside the present automotive business, which comprises advanced solutions for the automotive industry, including e-mobility and autonomous driving, the renamed segment will in future include innovative electronic components for commercial vehicles, buses, motorcycles and e-bikes. Innovative solutions from InTiCa could also be used in special vehicles for the construction and agricultural sectors and in various types of trailer. In addition, the company plans to address railways and aviation as new target markets. The introduction of the name Mobility more accurately reflects the segment’s range of activities. The previous Automotive business has been integrated fully into the renamed Mobility segment, preserving the comparability and continuity of the segment data. The second segment, Industry & Infrastructure, is also undergoing a strategic expansion. This segment focuses on technology for frequency inverters, converters and EMC filters. Its product offering is to be extended selectively to enable it to serve new sectors and areas of application. Drawing on its specific expertise in inductivity, the development of initial speciality products for industrial plant and medical technology started in 2023. InTiCa Systems SE is convinced that this refocusing will strengthen competitiveness and position the company optimally for future growth. InTiCa Systems SE The Board of Directors CONTACT Dr. Gregor Wasle | CEO TEL +49 (0) 851 – 966 92 – 0 FAX +49 (0) 851 – 966 92 – 15 EMAIL investor.relations@intica-systems.com About InTiCa Systems InTiCa Systems SE is an international provider of electronic components and systems. Its innovative solutions for the automotive industry, renewable energy, industrial applications and other sectors make a contribution to a more sustainable, networked future. You can find further information at www.intica-systems.com. Forward-looking statements and predictions This press release contains statements and forecasts referring to the future development of InTiCa Systems SE which are based on current assumptions and estimates by the management that are made using information currently available to them. If the underlying assumptions do not materialize, the actual figures may differ substantially from such estimates. Future developments and results are in fact dependent on a large number of factors; they contain different risks and imponderables and are based on assumptions that may not be accurate. We neither intend nor assume any obligation to update forward-looking statements on an ongoing basis as these are based exclusively on the circumstances prevailing on the date of publication. 18.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | InTiCa Systems SE |
| Spitalhofstraße 94 | |
| 94032 Passau | |
| Germany | |
| Phone: | 0851 / 96692 0 |
| Fax: | 0851 / 96692 15 |
| E-mail: | investor.relations@intica-systems.com |
| Internet: | www.intica-systems.com |
| ISIN: | DE0005874846 |
| WKN: | 587484 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1949491 |
| End of News | EQS News Service |
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