SWATS- Private Placement of 6 MUSD Completed.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 2, 2001 Affarsstrategerna's portfolio company Swedish Advanced Technology Systems (SWATS SWATS Soldier Wearable Acoustic Targeting System SWATS Southwest Atlanta SWATS Satellite, Wideband, and Telemetry Systems SWATS Satellite/Wideband and Telemetry Systems SWATS Sea-Based Weapons and Advanced Tactics School ) has closed a Private Placement round of 6 MUSD managed by the investment bank CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction Cheuvreux Nordic AB. A Swedish institution has subscribed for the whole issue. The capital raised will be used for industrial and commercial development of the SWATS Display Card. SWATS AB (Swedish Advanced Technology Systems) develops and markets a unique, patent-protected card which combines an LCD display with an ordinary microchip plastic card, called a smart card. SWATS' objective is to become a leading provider of Display Cards, with a global business based on licence sales. The cards can be used for many different purposes, such as payments, ticketless travel and loyalty programmes, as well as in health care. The increasing number of credit card frauds, with magnetic stripes being copied, drives the roll-out of an infrastructure based on smart cards. The embedded microchip in the smart card is impossible to copy. A number of banks and credit card companies have already started to switch to smart cards. Negotiations with some of the largest companies on the smart card market have been initiated and several end-customers are interested in the technology. In early February 2001 SWATS was elected "Best Business Proposition" in The Late Stage and IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. Forum in Munich, Germany. Affarsstrategerna is a leading seed investment venture capital company listed on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. O-list. Affarsstrategerna invests value-added capital in innovative start-ups, operating in IT/Internet, Wireless and Life Science/Medical Technology, and has the potential to become market leader in its niche. Some of the companies in the portfolio are A Brand New World, Alpha Helix alpha helix n. The helical form, turned in a right-handed direction, of many proteins. , Arcticon BioPharm Production, Artema, A3TL, Chemel, European Institute of Science, Fingerprint Cards, FreeHand See Macromedia FreeHand. Communication, InfiniCom, Mainbox, Mocat, Musicbrigade, Naty, Netbaby World, Picron Microarrays, RaySearch Laboratories, RSC RSC Royal Society of Chemistry (UK) RSC Royal Shakespeare Company RSC Responsabilidad Social Corporativa (Spanish: corporate social responsibility) RSC Royal Society of Canada Technology, Samba samba Ballroom dance of Brazilian origin, popularized in the U.S. and Europe in the 1940s. Danced to music in ⁴⁄₄ time with a syncopated rhythm, the dance is characterized by simple forward and backward steps and tilting, rocking body movements. Sensors, SWATS, Webupdate Scandinavia, Widermind, Wireless Assets, Inc. and Yesitworks Sweden. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/02/20010502BIT00810/bit0001.doc http://www.bit.se/bitonline/2001/05/02/20010502BIT00810/bit0002.pdf |
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