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Seluxit receives a large order for the Smart Meter segment

Company Announcement No. 4-2018/2019 
Aalborg, January 9, 2019 

Seluxit has received and order for delivery of IoT technology for Smart Meters, with a value of DKK 4-5 mio..

CEO Daniel Lux, Seluxit:

“Since our IPO, we have focused on delivering the results, which we have described in our growth plan. We are now happy to announce that we have received an order from one of Seluxits existing customers for delivery of IoT technology for Smart Meters. A significant part of the order is expected to be delivered during the fiscal year 2018/2019 and the order is expected to generate a turnover between 4 and 5 DKK mio.. With this order we are continuing to build our position as a key vendor of IoT for Smart Meters, and we are one step further in securing our expected turnover for the coming year.The order does not change our expectation to the turnover and result described in the Company Description (“Virksomhedsbeskrivelse”) published the 18th of October 2018.”

Further information: CEO Daniel Lux 

Seluxit A/S
Hjulmagervej 32B
9000 Aalborg
Denmark
Tel. +45 46 922 722
E-mail: investor@seluxit.com
Web: www.seluxit.com
CVR/VAT nr. 29 388 237
Certified Adviser:
Norden CEF ApS, V/ John Norden
Kongevejen 365,
2840 Holte
Tel: +45 20 720 200
E-mail: jn@nordencef.dk
Web: www.nordencef.dk
CVR/VAT nr. 31 933 048

About Seluxit:
Seluxit is a Tech company specialized in Internet of Things technology, established in 2006 and publicly traded on Nasdaq First North Copenhagen in November 2018.

Seluxit helps companies connect their physical products to the Internet.

  • Customers include big international companies with multibillion turnovers
  • Financial results have been positive each year since the company’s founding
  • Technological advantage has been created through a focused reinvestment
  • Workforce of 20 includes 10 nationalities, speaking 19 languages

Internet of Things (IoT) is basically connecting physical products to the Internet. It could be a lawn mower, an electricity meter or an industrial robot – or any other product. The market for the Internet of Things is expected to experience a strong growth in the coming years, where more and more products will be connected to the Internet. Internet of Things technology makes it possible to more effectively utilize resources and improve security. In addition, the products can be more easily controlled from a mobile telephone or a tablet.