VIA optronics AG Achieves IATF 16949 Certification

Rhea-AI Summary

VIA optronics AG (NYSE: VIAO) has received IATF 16949 certification for automotive quality management systems at its Nuremberg, Germany site. This certification enhances their capacity to serve the automotive sector, particularly in electric vehicle markets. CEO Jürgen Eichner emphasized that this achievement reflects their commitment to high-quality manufacturing and positions them as a reliable supplier for automotive and industrial customers. IATF 16949 aims to improve quality management and reduce waste in the automotive supply chain.

Positive

• Achieved IATF 16949 certification, enhancing credibility in the automotive market.
• Positioned for growth in electric vehicle sector with advanced technology offerings.

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• None.

NUREMBERG, Germany--(BUSINESS WIRE)-- VIA optronics AG (NYSE: VIAO) (“VIA”), a leading supplier of interactive display systems and solutions, today announced that VIA optronics AG and VIA optronics GmbH have attained IATF 16949 certification for automotive quality management systems for its Nuremberg, Germany headquarters and manufacturing site.

“This certification underlines our capabilities to serve the automotive market and enables us to provide our products and solutions to an even broader number of automotive and industrial customers. With our cutting-edge optical bonding technology, sensor, and touch solutions as well as camera and display integration capabilities for cockpits and auto interiors, we see ourselves perfectly positioned to serve our increasing number of automotive and industrial customers, especially in the growing market of electric vehicles,” said Jürgen Eichner, CEO & Founder of VIA optronics. “This achievement was made possible by our talented team and their outstanding efforts. We are committed to manufacturing the highest quality products and are confident that this certification is an important step in further strengthening our position as an established supplier to the automotive industry.”

The IATF 16949 is a technical specification aimed at the development of a process-oriented quality management system that provides for continual improvement, defect prevention and reduction of variation and waste in the automotive industry supply chain and assembly process.

About VIA:

VIA is a leading provider of interactive display solutions for multiple end markets in which superior functionality or durability is a critical differentiating factor. Its customizable technology is well-suited for high-end markets with unique specifications and demanding environments that pose technical and optical challenges for displays, such as bright ambient light, vibration and shock, extreme temperatures, and condensation. VIA’s interactive display systems combine system design, interactive displays, software functionality, cameras, and other hardware components. VIA’s intellectual property portfolio, process know-how, optical bonding, metal mesh touch sensor and camera module technologies provide enhanced display solutions built to meet the specific needs of its customers.

Further information on the Company can be found in its Annual Report on Form 20-F for the year ended December 31, 2020 (the “Annual Report”), which the Company has filed with the U.S. Securities and Exchange Commission. You can access a PDF version of the Annual Report at VIA’s Investor Relations website, https://investors.via-optronics.com/investors/financial-and-filings/annual-reports/default.aspx. A hard copy of the audited consolidated financial statements can also be requested free of charge by contacting the investor relations team via the information provided below.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words, without limitation, “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words. Forward-looking statements are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, changes in circumstances that are difficult to predict and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statement, including, without limitation, the risks described under Item 3. “Key Information—D. Risk Factors,” in our Annual Report on Form 20-F as filed with the US Securities and Exchange Commission. Moreover, new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. We caution you therefore against relying on these forward-looking statements, and we qualify all of our forward-looking statements by these cautionary statements. Any forward-looking statements contained in this press release are based on the current expectations of VIA’s management team and speak only as of the date hereof, and VIA specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

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Investor Relations for VIA optronics

The Blueshirt Group

Monica Gould

Monica@blueshirtgroup.com

+1-212-871-3927

Lindsay Savarese

Lindsay@blueshirtgroup.com

+1-212-331-8417

Media:

Alexandra Müller-Plötz

AMueller-Ploetz@via-optronics.com

+49-911-597 575-302

Source: VIA optronics AG

FAQ

What is the significance of VIA optronics AG receiving IATF 16949 certification?

The IATF 16949 certification enhances VIA optronics AG's reputation and capability to serve the automotive industry, particularly in electric vehicles.

How does IATF 16949 certification benefit VIA optronics AG's investors?

The certification signals improved quality management and potential for increased sales in the automotive sector, which can positively impact stock performance.

Where is VIA optronics AG's manufacturing site located?

VIA optronics AG's manufacturing site is located in Nuremberg, Germany.

What products does VIA optronics AG offer for the automotive industry?

VIA optronics AG offers interactive display systems, optical bonding technology, sensors, and touch solutions for automotive applications.