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VIA optronics AG Achieves Record Shipments of over 31,000 Units at Nuremberg Production Site
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VIA optronics AG (NYSE: VIAO) reported record shipments exceeding 31,000 units as of May 31, 2022, surpassing the 2021 total of 22,173 units. In May 2022, 16,000 display units were produced, showcasing the company's resilience amid challenges like semiconductor shortages and geopolitical issues. CEO Jürgen Eichner highlighted the facility's adaptability in ramping production for automotive displays, reinforcing demand for their solutions. This achievement underlines VIA's commitment to expansion and innovation.
Positive
Achieved record shipments of over 31,000 units year-to-date as of May 31, 2022.
Surpassed previous year's total shipments of 22,173 units by a significant margin.
Produced 16,000 display units in May 2022, demonstrating robust production capabilities.
Successfully adjusted production amidst semiconductor shortages and geopolitical challenges.
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Year-to-date shipments as of May 31, 2022, exceeded total shipments in full year 2021
NUREMBERG, Germany--(BUSINESS WIRE)--
VIA optronics AG (NYSE: VIAO) (“VIA” or the “Company”), a leading supplier of interactive display systems and solutions, today announced record shipments of over 31,000 units as of May 31, 2022, at its Nuremberg production site.
In May 2022, VIA shipped and produced 16,000 display units in total at its Nuremberg production site, bringing the Company’s year-to-date shipments to 31,010 units and breaking the Company’s 2021 full year record of 22,173 units.
Jürgen Eichner, Chief Executive Officer and Founder of VIA optronics AG, commented, “We are thrilled to announce this milestone given the fact that VIA’s Nuremberg facility was initially set up for small volumes and key technology development. The shipments record demonstrates VIA’s ability to adjust quickly to geopolitical developments by establishing the factory and ramping up the complete automotive line in a very short period. This seamless pivot exemplifies VIA’s consistent execution against our stated initiatives and production ramp up objectives. Achieving this record number of shipments after only five months further proves how we continue to deliver on our expansion plans, despite the semiconductor shortage, lockdowns in China, and other supply-chain-related challenges. This increase in shipments demonstrates not only our innovative capabilities, but also the growing demand for our display solutions.”
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, 2021 (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/financials-and-filings/sec-filings/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.
