VIA optronics AG Continues to Drive Growth at its Nuremberg Headquarters
VIA optronics AG (NYSE: VIAO) ("VIA" or the "Company"), a leading provider of interactive display systems and solutions, today announced that the growth of its corporate headquarters and production site in Nuremberg, Germany now exceeds 200 employees as the Company makes progress towards finalizing the ongoing production ramp up.
In 2021, VIA added a new production building adjacent to its headquarters and started ramping up mass production in its automotive production line, which the Company expects to reach the planned capacity during the second quarter. The Company has added staff in critical areas such as engineering, quality control, supply chain management and production.
As previously announced, in the initial production phase of its automotive production line, VIA optronics will be able to produce approximately 10,000 display units per month. The initial production phase is dedicated completely to a leading U.S. based luxury electric vehicle (EV) manufacturer. The total capacity at the Nuremberg facility is approximately 60,000 product units per month, depending on the product size and type.
Jürgen Eichner, Chief Executive Officer and Founder of VIA optronics AG, commented, "I am very pleased with our progress as we finalize the ramp up of our new automotive production line at our Nuremberg headquarters. This growth exemplifies our leading brand and position as a strong high-tech employer in the region. We will continue to look for new talent to join our growing team and try to execute on our expansion plans, despite the semiconductor shortage, lockdowns in China and other supply-chain-related challenges. We believe this not only demonstrates our flexibility and diligence but also our innovative capacity as we set our sights on our potential for growth ahead."
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 temperature, 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.
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