TC TECH Sweden AB (publ) announced that the company has received an order valued at approx. SEK 6.5 million covering production system and equipment for manufacturing of consumable products within microfluidics/diagnostics. The customer will be using TC TECH's technology in its research and development activities, with the aim to integrate it in commercial solutions.

Picodya is an innovative diagnostics company, which develops solutions to enable rapid and cost effectiveness in vitro diagnostics directly at point of care facilities (POC). Each diagnostic testing for a patient requires the use of advanced consumable products, which needs to be manufactured with high precision to secure efficient and reliable diagnostics. The order includes a TCP150 HPE RtS production system with expected delivery to the customer already during the end of the second quarter of 2022.

The parties have also initiated discussions on a collaboration agreement to further enhance TC TECH's production technology, with a focus on applications within microfluidics. TC TECH has a positive view on this opportunity to potentially further develop the company's offering in this exciting market segment.