A German Partner invests $1,044,000 in Clemex
June 02 2012 - 2:36AM
PR Newswire (Canada)
Symbol: CXG.A-TSX-V www.clemex.com Shares Outstanding:
29,799,810 MONTREAL, June 4, 2012 /CNW Telbec/ - Clemex
Technologies Inc. announces it has received the TSX Exchange
approval and has finalized a $1,044,000 Private Placement with a
Strategic German partner Zwick/Roell AG of ULM, Germany. Clemex
issued 5,800,000 new common shares at $0.18 per share in
consideration of the investment and therefore, Zwick/Roell will
hold 19.46% of the total outstanding common shares of Clemex with
this transaction. New shares are subject to a four month and one
day hold period. Zwick/Roell Group who has been a customer of
Clemex for the past three years account for about 5% of Clemex's
total sales. These new funds will be used to finalize the
development of new instruments by Clemex and begin the commercial
launching of our products in the Life Sciences markets. Following
the conclusion of the transaction, President and CEO of Clemex
Technologies Inc. declared: "We are extremely honored that
Zwick/Roell decided to invest in the Corporation. This
investment reflects the confidence and satisfaction they have in
our products, and in our capacity to design and manufacture even
more instruments in the future. Clemex and Zwick have had a very
successful business relation in the last few years, particularly
with our MicroHardness test software through their Hardness
division, Indentec, located in the UK. We now foresee new
relationship as both companies have common interests in other
Clemex products." He continued: "Zwick Roell is not only a good
customer of Clemex, but they are the largest Physical Test
equipment manufacturer in the world, with a worldwide distribution
network. Already, some dealers have been identified as both Zwick
Roell and Clemex Dealers, more specifically in Asia. We believe
that this can only be beneficial to both companies on an
International market." Dr Stefan Roell, President and CEO of
Zwick/Roell AG pursued:" Zwick is also very satisfied with the
investment in Clemex's shareholding. We have had good business
relations with them for three years now and we have learned to
appreciate the staff and Corporation's business model to the point
that we want to be part of their future. We have sent our IT
Team to run a Software Due Diligence and the findings concluded
that Clemex software is up to its worldwide reputation, being an
excellent image analysis software for materials testing
application, and this criterion fits precisely in our philosophy of
business." About Zwick/Roell AG, (www.zwick.com) For over 150 years
the name of Zwick Roell has stood for outstanding technical
expertise, innovation, quality and reliability in materials and
component testing. Our customers' confidence in us is reflected in
our position as world-leaders in static testing and the significant
growth we are experiencing in fatigue strength testing systems. The
figures tell the same story: in the 2010 financial year the company
achieved a turnover of €130m. With innovative product
development, a comprehensive range and worldwide service, this
family concern supplies tailor-made solutions for the most
demanding research and development and quality assurance
requirements in over 20 industries. With over 900 employees, a
production facility in Ulm, Germany, additional facilities in
America and Asia plus agencies in 56 countries worldwide, the Zwick
brand name guarantees the highest product and service quality.
About Clemex Technologies, Inc. (www.clemex.com) Clemex
Technologies Inc. develops, manufactures and markets image analysis
systems and software used by quality control and research
microscopy laboratories. Clemex customer base spans over many
countries in America, Europe, Asia and encompasses major Research
and Development Centers, prestigious Universities and large
manufacturing industries in various fields including healthcare,
automotive, aerospace, raw materials manufacturing,
pharmaceuticals, mining and other sectors. The TSX Venture Exchange
has not reviewed and does not accept responsibility for the
adequacy and accuracy of this news release. CLEMEX
TECHNOLOGIES INC. CONTACT: Clemex Technologies Inc, 800
Guimond,Longueuil, QC, Canada J4G 1T5,Contact:Clement ForgetTel:
450.651.6573Email: ir@clemex.com
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