iLOQ Ltd. Evaluation of strategic options will continue into 2019

iLOQ Ltd. (“iLOQ” or “Company”), a growth company for digital locking and access management, announced via press release on 10.5.2018 that it has decided to evaluate opportunities for the listing of the company’s shares and other possible options to ensure the company’s rapid growth and internationalization.

Due to the amount of potential alternatives available and the time it will take to evaluate them, the company has now contrary to its earlier announcement decided that the evaluation process will not be completed in 2018, but will continue into 2019.

The evaluation process will be assisted by Carnegie Investment Bank AB, Finland Branch.

iLOQ Ltd.

Board of Directors

 

For more information:

Veijo Karppinen, Chairman of the Board, tel. +358 40 8371 210
Heikki Hiltunen, President and CEO, tel. +358 40 3170 260

iLOQ in brief

iLOQ is rapidly growing and internationalizing Finnish technology company that transforms mechanical locking into digital access management.

iLOQ provides self-powered digital locking and access management systems that revolutionizes the locking industry. The company’s solutions are based on its self-developed technologies and proprietary patents that enable electronic locking without batteries or cables.

In 2007, iLOQ introduced the world’s first and only electronic locking system which harvests the needed energy from key insertion. The management of access rights with the digital iLOQ S10 locking system is easier and more secure than with mechanical systems. Its maintenance and life cycle expenses are significantly lower than those of mechanical or battery-operated electromechanical locking systems. In the spring of 2018, the company launch the iLOQ S50 product family that utilizes NFC technology and smartphone.

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