SAF Tehnika is a progressive, socially responsible and financially transparent company that has implemented and strictly follows the principles of good corporate governance. We aim to optimize our corporate organization and transparency, as well as improve the quality of the information publicly shared by SAF Tehnika, thus increasing the desirability of our shares both for local and international investors, and substantiating the trustworthiness of our business. SAF Tehnika is being listed on NASDAQ Riga under the symbol SAF1R.
Normunds Bergs, born in 1963, is Chairman of the Board and Chief Executive Officer of SAF Tehnika JSC. Bergs is one of the founders of Fortech Ltd. (co-founding company of SAF Tehnika) where during the periods from 1990 to 1992 and 1999 to 2000 he acted as Managing Director and General Director, respectively. Following Fortech’s merger with Microlink in 2000, and the establishment of SAF Tehnika, Normunds Bergs became CEO of SAF Tehnika and a Member of the Management Board of Microlink JSC. From 1992 to 1999 Bergs worked at the World Trade Center Riga, where he held the position of General Director and became a Member of the Board of Directors in 1998. He is a long-term president of Latvian Electrical Engineering and Electronics Industry Association. Normunds Bergs graduated Riga Technical University in 1986 with a degree in radio engineering.
Janis Bergs
Vice President of Sales and Marketing, Member of the Board
Owns 0 shares
Janis Bergs (born in 1970) has more than 20 years’ experience in IT industry. From 2000 until 2006 he served as Board member and later as CEO of the largest Baltic’s IT company Microlink. In 2006, he with other partners started company FMS that became leader in Latvian ERP market. In 2014 FMS was sold to largest ERP software company in Nordic VISMA. After acquisition FMS was renamed to Visma Enterprise and Janis worked there until January, 2015. Janis Bergs was Member of SAF Tehnika Council from November 2006 till August 2010, long term Chairman of Board of Latvian ICT Cluster and over 10 years served as Board member of Latvian IT and telecommunication association. Janis Bergs has graduated Riga Technical University as radio engineer and holds MBA degree from Riga Business School.
Didzis Liepkalns
CTO, Member of the Board
Owns 506 460 shares (17.05%)
Didzis Liepkalns, born in 1962, is member of the Board and Technical Director of SAF Tehnika. D. Liepkalns founded a private enterprise SAF in 1995 and co-founded the company SAF Tehnika in 1999. From 1985 to 1990 he worked as an engineer at the Institute of Electronic Engineering and Computer Sciences. D. Liepkalns graduated Riga Technical University in 1985 with a degree in radio engineering.
Zane Jozepa
CFO, Member of the Board
Owns 0 shares
Prior to joining the company in May 2015, Zane worked for SIA Citrus Solutions, the company providing design, building and maintenance services for engineering and technical systems and infrastructure, and being daughter company of the leading IT and telecommunications services provider in Latvia – Lattelecom. Initially she started as financial controller and become a Head of Finance in 2008 and a Board Member in 2012. Within the company, Zane Jozepa was responsible for organization and supervision of financial management, budgeting, including goal setting and control. She has been involved in new business development and strategy setting, processes of control and analysis. Besides she has experience as credit and price setting administration got in SIA CocaCola HBC Latvia from 2004-2006. Zane Jozepa holds bachelor’s degree in finance management from Banku Augstskola (BA School of Business and Finance). Zane Jozepa does not have SAF Tehnika shares.
SAF Tehnika has successfully participated in exhibition "Milipol Paris 2017"
27.11.17.
According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on November 21-24 company exhibited at "Milipol Paris 2017" in Paris, France.
During the exhibition SAF Tehnika presented Integra and Spectrum Compact product series. Visitors of „SAF Tehnika” stand were mainly from different regions of France and other countries.
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
SAF Tehnika has successfully participated in exhibition AfricaCom 2017
13.11.17.
According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on November 7-9 company exhibited at AfricaCom 2017 in Cape Town, South Africa.
During the exhibition SAF Tehnika presented Integra and Spectrum Compact product series. Visitors of „SAF Tehnika” stand were mainly from Africa’s southern region countries.
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
SAF Tehnika consolidated interim report for Q1 of financial year 2017/18
08.11.17.
In the first quarter of the financial year 2017/2018, the Group’s unaudited consolidated net turnover was 3.92 million euros, which is up 3% or 100 thousand euros compared to the first quarter of the financial year 2016/2017.The Group closed Q1 with profit of 389 thousand euros (unaudited).
62% of the quarterly turnover (2.4 million euros) is made by sales in North/Latin Americas. The region’s result is down 7% compared to last year’s first quarter. Solutions tailored to specific customer needs still dominate sales in the region.
The turnover in the European and CIS region was 30% or 1.2 million euros, which is up 16% compared to the first quarter of the previous year, as well as equivalent to the average regional turnover.
The Group’s costs did not exceeded the planned levels but were generally higher than during the same period a year ago due to investments in sales promotion in existing and new markets.
The Group closed first quarter of the financial year 2017/2018 with profit of 389 thousand euros (unaudited), which is down 3% compared to Q1 last year. USD/EUR exchange rate has negatively affected the Group’s net results.
The Group’s net cash balance at the end of the period was 6.55 million euros
SAF Tehnika is the company with the long-term competence in development and production of microwave radios. SAF Tehnika will proceed with its work on new high-quality products for the microwave data transmission market, providing not only standardized solutions, but also product modifications in order to meet customers’ special needs, as well as searching innovative ideas for applying microwave data transmission. The Group is financially stable. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. The Board of SAF Tehnika maintains cautious optimism but cannot provide certain prognosis for sales figures and operational results.
About SAF Tehnika:
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.
Additional information: Zane Jozepa CFO, Member of the Board +371 67 046 833 zane.jozepa@saftehnika.com www.saftehnika.com
Blogletter | October
30.10.17.
This month read about: our latest addition to our product family - Spectrum Compact V-Band, why spectrum scans are being required more and more frequently, how WISPApalooza show has changed in the last couple of years and what to expect. Plus, an interesting video of why 23 million americans don't have fast internet and how we think we can help that.
Deployment in V-Band presents some unique challenges. Learn how V-Band Spectrum Analyzer is trailblazing the way for similar devices. Read more
Malaysia, with its fairly small land-area, has become one of the main markets for Spectrum Compact. We’ve also seen similar approaches being implemented by regulators in other countries as well. Here is what you should know about it. Read more
The WISPApalooza show is really gaining momentum! Here are the latest trends in the WISP industry and what to expect if you attend a show like this one.Read more
The Internet is a crucial part of our education and healthcare system. We understand the importance of having a reliable network. Here is our experience with link deployment in rural areas. Read more
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We want to hear from you! Please take this short, 3 question survey and help us improve our blog.
If you have any suggestions about what you would like to see on our blog, please let us know by writing at marketing@saftehnika.com.
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Audited statements and Corporate Governance report of „SAF Tehnika” for financial year 2016/2017
24.10.17.
Audited statements and Corporate Governance report of „SAF Tehnika” for financial year 2016/2017
Net turnover of the “SAF Tehnika” Group in the 2016/ 2017 financial year was EUR 17.04 million, which is by 3.36 million euros or 19.6% higher than the previous financial year 2015/2016. The Group closed the FY 2016/2017 with profit of 1.747 million EUR, which is 822 thousand EUR more than the previous financial year. The Board of the Parent company proposes to pay dividend of 2 million euros.
“SAF Tehnika” publishes its audited consolidated and non-consolidated financial statements for financial year 2016/2017 (from July 1, 2016- June 30, 2017) according to paragraph 5 of section 56 of „Law on the Financial Instruments Market”.
Net turnover of the “SAF Tehnika” Group which consists of AS “SAF Tehnika” (hereinafter – the Parent) operating from Riga, Latvia, wholly owned subsidiaries “SAF North America LLC” and “SAF Services LLC” both registered in USA, in the financial year 2016/2017 was EUR 17.04 million, which is by 3.36 million euros or 19.6% higher than the previous financial year 2015/2016.
In the reporting year, the Group continued to work at the research and identification of customer-specific needs by developing and improving the offer of niche products. Additional revenue was drawn from the development of specific customer required functionality of AS “SAF Tehnika” products. There remains an increased demand for radio systems that provide enhanced data transmission rate and can be enhanced and updated in order to improve data usage. This tendency increasingly determines the direction of new product development both for AS “SAF Tehnika” and across the markets.
Exports made 99.36% of the turnover and amounted to EUR 16.93 million. During the reporting year, the Group exported its products to 77 countries worldwide.
“SAF Tehnika” has remained financially stable. At the end of the year, the Group’s net cash funds balance was EUR 6.5 million. The Group’s net cash flow was EUR 598 thousand for the period of 12 months of the reporting year.
During the reporting year, the Group invested EUR 368 thousand into IT infrastructure, production and research equipment, purchase of software and licenses, as well as product certification.
The Group's financial result for the reporting year 2016/2017 was a profit of 1.747 million EUR.
The Parent company’s financial result for FY 2016/2017 was a profit 1.675 million EUR.
The Board of the Parent company proposes to pay dividend of 2 million euros.
SAF Tehnika has successfully participated at GITEX 2017
16.10.17.
According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on October 08-12 company exhibited at "GITEX Technology Week 2017" in Dubai World Trade Centre, UAE.
During the exhibition SAF Tehnika presented Integra and Spectrum Compact product series. Visitors of „SAF Tehnika” stand were mainly from different regions of UAE and other countries.
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
Blogletter | September
22.09.17.
This month read about our low latency solutions, how Spectrum Compact can be used in civil and military aviation, and how a simple thing like a name badge can tell you a lot about our company's cornerstones.
By the time you finish reading this sentence, you could earn a few million dollars. If you were a stock market trading company, that is. For stock market traders any second counts that's why they choose our solutions for their low latency projects. Read more
Spectrum Compact is a master of many things, including the troubleshooting of telemetry systems in civil and military aviation. Read more
The badge you see in the image above represents our company philosophy. Here is why we think simplicity is the way to go regardless of the topic. Read more
HOW ARE WE DOING?
We want to hear from you on our 3 month anniversary!
Please take this short, 3 question survey and help us improve our blog.
If you have any suggestions about what you would like to see on our blog, please let us know by writing at marketing@saftehnika.com.
We hope to see you there!
SAF Tehnika Consolidated Interim Report for Q3 and 9 months of financial year 2016/2017
17.05.17.
For Q3 of the FY 2016/2017, the Group's unaudited consolidated net turnover was 3.77 million EUR, which is by 25%, or 0.75 million EUR, more than in Q3 of the FY 2015/2016, but by 13% less than in Q2 of this year.
The Group closed Q3 of the FY 2016/2017 with the profit of 324 thousand EUR (unaudited). The unaudited consolidated result for 9 months of the FY 2016/2017 is the profit of 1.15 million EUR, which is by 797 thousand more compared to the 353 thousand EUR profit which was the Group`s result of the 9 month period of previous FY 2015/2016.
60 % quarterly turnover was made by sales in North/Latin Americas and is by EUR 0.86 million higher than the result of the preceding quarter. In 9 month period the revenues in North/Latin Americas exceeded 53% of the total Group’s turnover. The turnover in the European and CIS region was 29% or EUR 1.09 million, which is a decrease compared to the increase in Q2, which was related to solutions tailored to specific customer needs. In the AMEA (Asia, Middle East, Africa) region the turnover was EUR 0.4 million and is equivalent to last year’s average volumes. In the respective period the products were sold to 44 countries.
For 9 months of the FY 2016/2017, the Group’s unaudited consolidated turnover was 11.9 million EUR, which is a 19% increase compared to revenues at the same period of the previous financial year.
As of the end of the period, the Group’s net cash balance was 5.4 million EUR.
During this quarter SAF Tehnika participated in several exhibitions in the United States that brought the largest US Internet Service Providers together. As well as to popularize the possibilities of engineering education SAF Tehnika participated in the Career days of Riga Technical University and the Institute of Transport and Communications. SAF Tehnika has implemented Net Promoters Score evaluation system to measure the satisfaction rate of the clients and to prevent the communication problems with clients and customers.
SAF Tehnika is the company with the long-term competence in development and production of microwave radios. SAF Tehnika will proceed with its work on new high-quality products for the microwave data transmission market, providing not only standardized solutions, but also product modifications in order to meet customers’ special needs, as well as searching innovative ideas for applying microwave data transmission. The Group is financially stable. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. The Board of SAF Tehnika cannot provide certain prognosis for sales figures and operational results.
About SAF Tehnika:
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.
SAF Tehnika has successfully participated in “WWL Conference Cruise
28.04.17.
According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”, on February 6 – 11, 2017 the company participated at “WWL Conference Cruise” which took place in the Caribbean on the cruise ship Independence of the Seas.
During the eventthere were presented Integra and Spectrum Compact product series. Visitors of „SAF Tehnika” stand were mainly from different regions of USA and the main interest was about our Integra product serie.
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
AMT Selects SAF Tehnika PhoeniX Studio-To-Transmitter Solution for Innovative ENGenesis™ LTE ENG System
21.04.17.
Las Vegas, NY (April 24, 2017)
Accelerated Media Technologies (AMT) has chosen SAF Tehnika’s point to point microwave radios as the Studio-To-Transmitter (STL) backhaul solution for its ENGenesis LTE ENG System.
Las Vegas, NY (April 24, 2017)
Accelerated Media Technologies (AMT) has chosen SAF Tehnika’s point-to-point microwave radios as the Studio-To-Transmitter (STL) backhaul solution for its ENGenesis LTE ENG System.
ENGenesis 2/7GHz BAS band communications solution utilizes a single high-capacity radio channel to support simultaneous bi-directional IP based video/audio/data communications providing broadcasters with high capacity private networks. The unique bi-directional communications solution enables full remote control of IP devices in the field from a centralized studio. AMT selected SAF Tehnika’s STL solution for its ability to transmit bi-directional video, Livewire™ audio and data 100% of the time without interruption.
“SAF Tehnika offers the ideal backhaul solution to provide live ENGenesis bi-directional communications between field production units and their base studios,” said John Wood, Director of Engineering for ENGenesis, AMT.
“The SAF Tehnika PhoeniX STL platform also provides TV broadcasters with an easy and cost-efficient migration path from ATSC 1.0 to ATSC 3.0.” “We are excited to work with AMT as a Value Added Reseller and provide the final piece of the point-to-point communications link for their innovative ENGenesis LTE newsgathering solution,” said Janis Bergs, President, SAF North America.
About Accelerated Media Technologies, Inc.
Accelerated Media Technologies Inc. (AMT) is the premier manufacturer of custom broadcast, command, and specialty vehicles and communications technologies such as the company’s revolutionary ENGenesis bi-directional 2/7GHz BAS band communications solution. AMT, the undisputed leader in mobile solutions worldwide, continues to refine the role and form factor of conventional news vehicles and has consistently introduced patented and exclusive technologies to evolve news acquisition to a new level. AMT is headquartered in Auburn, MA with facilities Haverhill, MA, Long Island City, NY, Upland, CA and Tampa, FL. Learn more at www.acceleratedmt.com.
About SAF
SAF Tehnika JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, European Union and sold in over 130 countries worldwide. North America sales and support is served by SAF North America, a subsidiary of SAF Tehnika with its headquarters and warehouse in Aurora, Colorado. SAF Tehnika has been listed on NASDAQ Riga stock exchange since 2004. Learn more at www.saftehnika.com
SAF Tehnika has successfully participated in “Trade show West Coast 2017”
19.04.17.
According to the agreement No. SKV-L-2016/152 concluded between „SAF Tehnika” JSC and government institution „The Investment and Development Agency of Latvia” of a project „Participation of „SAF Tehnika” JSC in international exhibitions”,on February 7 company exhibited at The Trading Show West Coast 2017 in San Francisco, USA.
During the exhibition SAF Tehnika presented Low Latency solutions for high-frequency trading. Visitors of „SAF Tehnika” stand were mainly from different regions of USA.
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on NASDAQ Riga stock exchange since 2004.
SAF Tehnika Consolidated Interim Report for Q2 and 6 months of financial year 2016/17
08.02.17.
For Q2 of the FY 2016/2017, the Group's unaudited consolidated net turnover was 4.43 million euros, which is by 25%, or 0.89 million euros more than in Q2 of the FY 2015/2016, and by 13% more than in Q1 this year.
The Group closed Q2 with the profit of 425 thousand euros (unaudited), which is by 112 thousand euros more comparing to revenues generated in Q2 of the previous financial year. The unaudited consolidated result for 6 months of the FY 2016/2017 is the profit of 826 thousand euros, which is by 221 thousand euros more, comparing to the Group's result of 6 months of the previous FY 2015/2016 (the profit of 605 thousand euros).
More than half of the quarterly turnover (51% or EUR 2.2 million) was made by sales in the European and CIS region. It was related to the development of data transmission solutions and products tailored to specific customer needs. This region’s result is by EUR 1.3 million greater than in Q2 last year and is two times higher than the results of the preceding quarter.
Despite the slight decline in Q2, the revenues in North/Latin Americas during the 6-month period exceeded 50% of the total Group’s turnover and amounted to EUR 4.07 million, thus demonstrating a 12% increase against the results of the first half of the previous financial year.
The Group’s products were sold in 51 countries during the reporting quarter.
The Group’s unaudited consolidated turnover for the 6-month period of the FY 2016/2017 was EUR 8.2 million, which is a 17% increase compared to the last fiscal year’s revenues in the same period.
During the 6-month period of the financial year, the Group had a negative net cash flow equaling to EUR 490 thousand. In December 2016, dividends were paid in the amount of EUR 0.34 (thirty-four cents) per share, or a total of EUR 1.009 million. As of the end of the reporting period, the net cash balance of the Group was EUR 5.4 million
SAF Tehnika is the company with the long-term competence in development and production of microwave radios. SAF Tehnika will proceed with its work on new high-quality products for the microwave data transmission market, providing not only standardized solutions, but also product modifications in order to meet customers’ special needs. The Group is financially stable. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. Although the result of the reporting period is positive, the Board of SAF Tehnika cannot provide a certain prognosis for sales figures and operational results.
About SAF Tehnika:
„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are produced in Latvia, Europe and sold in over 130 countries worldwide. „SAF Tehnika” has been listed on Nasdaq Riga since 2004. SAF Tehnika wholly owns subsidiaries “SAF North America” LLC and “SAF Services” LLC. Both of the mentioned companies are operating from Denver, CO, USA serving North American market.
Powers of the members of the Management Board are effective from 11.07.2016 to 10.07.2019
Council
Juris Ziema
Chairman of the Council
Owns 258 762 shares (8.71%)
Juris Ziema, born in 1964, co-founder of the Company, is Vice-Chairman of the Council and Production Director. From 1998 to 1999 he worked as an engineer at Didzis Liepkalns' private enterprise SAF. From 1987 to 1999 J.Ziema worked as an engineer at the Institute of Electronic Engineering and Computer Sciences. J.Ziema has graduated Riga Technical University with a degree in radio engineering in 1987.
Andrejs Grisans
Vice-chairman of the Council
Owns 57888 shares (1.95%)
Andrejs Grisans, born in 1957, is Member of the Council and Production Department Manager. A.Grisans has 20 years of experience in electronics and is one of the co-founders of SAF Tehnika. Prior to joining the Company, he owned and managed a private company specializing in electronic equipment engineering, production and distribution. From 1992 to 1999 A.Grisans was involved in entrepreneurial activities in the field of radio engineering. He worked as an engineer-constructor at the Institute of Polymer Mechanics from 1984 to 1992 and in the constructing bureau Orbita from 1980 to 1984. A.Grisans has graduated Riga Technical University with a degree in radio engineering in 1980.
Aira Loite
Member of the Council
Owns 8000 shares
Aira Loite - has resumed working in SAF Tehnika in a position of a Director of Digital Transformation in September 2021. She has extensive experience in management, finance, administration and IT, gained in companies operating in local and international markets. She worked as an Administrative Director (2019-2020) in a food production company “Forevers” Ltd.), metal processing company group “Torgy Mek” as Finance Director (2016-2019) and as a Director of Torgy Baltic SIA (2018-2019). Aira Loite has been a member of the Board of SAF Tehnika, Finance and Administrative Director (2007-2011), Managing Director (2011-2015). From 2006 to 2007, she worked as the director of the Business Information and Control Department of SIA Lattelecom. From 2000 to 2006, she was a member of the Board and Chief Financial Officer of SIA Microlink Latvia. A. Loite has graduated the University of Latvia in 1988 and holds Masters degree in Mathematics and MBA from Salford University, GB, obtained in 2009.
Ivars Senbergs
Member of the Council
Owns 2 shares (0%)
Ivars Senbergs born in 1962, Member of the Council, also Chairman of the Board of SIA Juridiskais Audits, SIA Namipasumu parvalde, SIA Synergy Consulting, SIA Dzirnavu centrs, SIA IŠMU, SIA "RK Konsultācijas" and Member of the Supervisory Council of AS MFS bookkeeping. From 1999 until 2000 he worked as Finance and Administrative Director at SIA Fortech. I. Senbergs has graduated Faculty of Law, University of Latvia in 1986.
Sanda Reiharde
Member of the Council
Owns 0 shares
Currently leading Microsoft Azure business in Small and Medium segment in CEE (Central and Eastern Europe) 30+ countries. Almost 15 years spent in the information technology industry in various business development and sales leader roles in the Baltic and European markets. Previous experience in banking (Parex Bank, 2006-2008) and sales account management in a Danish and Swedish owned logistics company Baltic Transhipment Center (2000-2006). She graduated from Salford University in 2009 with MBA, as well as Riga Stradins University in 2021, and holds a Master degree in Clinical Psychology.
Powers of the members of the Supervisory Council are effective from 20.11.2018 to 20.11.2021
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