EANS-News: AT & S Austria Technologie & Systemtechnik Aktiengesellschaft / AT&S starts partnership with design company IMST GmbH CNE

7/10/2020, 10:00 AM (Source: euro adhoc)

AT&S+2.22%

36.800
Chart for: AT&S AUSTRIA TECH.&SYSTEMTECH.

ATX+0.47%

3,514.08
Chart for: ATX
--------------------------------------------------------------------------------
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is responsible for the content of this announcement.
--------------------------------------------------------------------------------

Cooperation adds design and simulation capabilities to the AT&S portfolio and
marks the next step in the "More than AT&S” strategy to provide solutions for
high-frequency technology and modules.

Joint Ventures/Cooperation/Collaboration

Leoben - With the aim of jointly developing high-frequency technology solutions,
AT&S has concluded a strategic cooperation agreement with IMST GmbH in Kamp
Lintfort, Germany. IMST is a leading design and development center for radar,
radio modules, communication systems, chip design, antennas and regulatory
certification and has its own accredited test center. IMST offers standard
products such as radio modules with hardware / software as well as complete
system and product developments.

"With this partnership, we are extending our service offering and will be able
to provide technical solutions for the interconnect challenges of our
customers," says AT&S CEO Andreas Gerstenmayer. "With a competent partner like
IMST, we can use synergies to build up specific know-how in the field of
electronics development and, consequently, fuel our development projects and
significantly reduce the time to market for our innovations." The aim is to
offer jointly developed solutions to external partners, thus creating additional
benefits for the customers. "Going forward, our customers have the advantage
that we are able to not only provide PCBs to them. AT&S will be a sparring
partner who evaluates the design and architecture of the solution and helps to
reduce the development time and time to market significantly. This fits
perfectly into our "More than AT&S" strategy, as we now see ourselves as a
solution provider," said Gerstenmayer.

"As a global technology leader in the high-tech printed circuit board sector,
AT&S is a perfect partner for us," says IMST founder and CEO Peter Waldow.
"Since we use each other's strengths and work closely together, we can offer the
market an even better solution in the future. At IMST, we benefit from the AT&S-
know-how in the field of high-tech printed circuit boards and substrates; AT&S
can fall back on our design competence in the field of high-frequency."

One of the first projects of the new cooperation is a simulation to evaluate the
differences in radiation between a standard solution and an embedded version.
"The effect of the magnetic radiation from the electronics should be evaluated
using simulation as well as real measurements," says Christian Vockenberger,
Senior Manager Product Development at AT&S. AT&S already has specific know-how
in this area, but aims to expand these resources with the help of IMST. "With
IMST, we intend to expand our system and design expertise in the area of RF
modules and proactively offer our skills in the area of system development,"
says Vockenberger. This knowledge exchange would make it possible to create
sustainable value and IP by implementing new ideas. "We will expand our range of
services and open up to new future business opportunities."

Further inquiry note:
Gerald Reischl, Director Communications & Public Relations 
Mobile: +43 664 8859-2452
Email: g.reischl@ats.net

Gerda Königstorfer, Director Investor Relations 
Mobile: +43 676 89555925
Email: g.koenigstorfer@ats.net

end of announcement                         euro adhoc
--------------------------------------------------------------------------------

issuer:       AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
              Fabriksgasse  13
              A-8700 Leoben
phone:        03842 200-0
FAX:          
mail:         ir@ats.net
WWW:          www.ats.net
ISIN:         AT0000969985
indexes:      VÖNIX, ATX GP, ATX, WBI
stockmarkets: Wien
language:     English

EAX0001    2020-07-10/10:00

Ad-hoc-Mitteilung übermittelt durch euro adhoc.
Für den Inhalt ist der Emittent verantwortlich.