JSC “SAF Tehnika” (SAF1R, ISIN: LV0000101129) will close the list of shareholders for dividend payment on December 22, 2021 at the end of the working day of the Nasdaq CSD Latvian Settlement System.

Proceeding from the above, the ex-date is December 21, 2021. From that date the new owner of the shares is not entitled to dividends.

JSC “SAF Tehnika” will pay dividend 0.67 EUR per share on December 23, 2021.

JSC “SAF Tehnika” confirms that the dividends are paid from profits:

• earned until 31.12.2017 in the amount of EUR 1 793 632.30;
• earned for the financial year 2019/2020 in the amount of EUR 196 388.30. 

 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 67 046 840
         Zane.Jozepa@saftehnika.com
         www.saftehnika.com

1. The approval of the reports of the Board of Directors and Supervisory Council.

Decision: to approve the reports of the Board of Directors and the Supervisory Council for financial year 2020/2021.

2. The approval of the annual financial statements for financial year 2020/2021 and release the Board of Directors from responsibility for financial year 2020/2021.

Decision: to approve the consolidated and separate financial statements of “SAF Tehnika” JSC for financial year 2020/2021 and release the Group`s Board of Directors from responsibility for financial year 2020/2021.

3. Decision on the use of profit of the Company.

Decision: 

(1)  To pay in dividends 0.67 EUR (sixty- seven cents) per one SAF Tehnika JSC share or total amount of 1 990 020.60 EUR ( one million nine hundred ninety thousand twenty euros 60 cents); The profit accrued until 31 December 2017 is 1 793 627.20 EUR (one million seven hundred ninety-three thousand six hundred twenty-seven euros and 20 cents)

The date of record is 22 December, 2021.

The date of payment is 23 December, 2021.

Ex-date is 21 December, 2021.

(2)  Keep the remaining amount of retained earnings 3 453 438.60 EUR (three million four hundred fifty-three thousand four hundred thirty-eight euros and 60 cents) as the retained earnings of SAF Tehnika JSC.

4. Appointment of the auditor for the financial year 2021/2022 and determination of the reward for the auditor.

Decision: Appoint “Potapoviča un Andersone” Ltd. as the auditor of the “SAF Tehnika” JSC for the financial year 2021/2022 and determine the maximum remuneration for the auditor of the Annual Reports for the financial year 2021/2022 in the amount of EUR 11’000 (eleven thousand euro ),  excluding taxes set in the legislation. Authorize the Board of the Group to sign the contract with the elected auditor

5. The approval of Management Board and Supervisory Council remuneration report for financial year 2020/2021

Decision: To approve the Management Board and Supervisory Council remuneration report for financial year 2020/2021.

6. Election of the Members of the Supervisory Council

Decision: As of December 8, 2021 to recall from the position of member of the Supervisory Council - Juris Ziema, Andrejs Grisans, Ivars Senbergs, Aira Loite, Sanda Salma.

To elect the Supervisory Council of joint stock company “SAF Tehnika” for a three year term in the following composition - Juris Ziema, Andrejs Grisanss, Ivars Senbergs, Sanda Salma, Aira Loite by fixing beginning of term of office on December 8, 2021.

Informācija par padomes locekļu kandidātiem:

Juris Ziema, co-founder of the Company, also previously holding the office of Chairman of the Supervisory Council and being the Production Department Director of the Company. 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.

J.Ziema owns 258 762 Company’s shares.

Andrejs Grisans, previously holding the office of the of Vice-Chairman of the Supervisory Council and being the deputy director of Production Department of the Company. A.Grisans is one of the co-founders of the Company. 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 business 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.

A.Grisans owns 297 888 Company’s shares.

Ivars Senbergs, also previously holding the office of the Member of the Supervisory Council, also Chairman of the Board of SIA Juridiskais Audits, SIA Namipasumu parvalde, SIA Synergy Consulting, SIA Dzirnavu centrs, SIA IŠMU,. 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.

I. Senbergs owns 2 Company’s shares.

Sanda Šalma - also previously holding the office of the Member of the Supervisory Council. Employed by Microsoft Latvia, currently Small and Medium Business Lead for Baltic countries. From 2010 to 2012 worked for a developer company RIX Technologies, participated in the work group of Latvian IT Cluster. From 2008 to 2010 was Citizenship & Education Project Lead at Microsoft Latvia. From 2000 to 2006 she was Sales Account Manager at Baltic Transshipment Center sales in Baltics and St. Petersburg. She has graduated The University of St.Petersburg and holds BSc in Psychology  and MBA from RISEBA and Salford University, UK. 

S. Šalma - does not own Company’s 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.

A.Loite owns 8000 Company’s shares.

7. Authorization of the Supervisory Council to perform tasks of Revision Committee.

Decision: Authorize the Supervisory Council to perform the tasks of Revision Committee prescribed in legislation.

Attachment: SAF_Balsojuma veidlapa_Voting form_LV_EN 

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

In the first quarter of the financial year 2021/2022, the Group’s unaudited consolidated net turnover was EUR 7.8 million, which is an increase of 66% compared to the first quarter of the financial year 2020/2021. The Group ended the first quarter of the financial year 2021/2022 with a profit of EUR 1.52 million (unaudited).

The turnover in North and Latin Americas was 64% or EUR 4.96 million. Compared to the turnover in the same quarter of the previous financial year, the turnover increased by 51%.

The turnover in Europe and CIS countries amounts to 26% or EUR 2.01 million, which is 134% more than in the first quarter of the previous financial year. The turnover of the AMEA (Asia, Middle East, Africa) region increased by 45%, compared to the corresponding quarter of the last financial year, and amounted to 10% or EUR 786 thousand.

In the reporting quarter, the Group’s products were sold in 55 countries.

The Group’s expenditures did not exceed the planned volumes and were generally higher than in the same period a year earlier. The Group continues to invest in the development of new products and product modifications.

The Group ended the first quarter of the financial year 2021/2022 with a profit of EUR 1.52 million (unaudited). The result of the 1st quarter of the previous year was a profit of EUR 378 thousand.The Group’s net cash balance at the end of the period was 6.8 million euros.

In the context of a global pandemic, the Group follows the epidemiological rules in the home country, ensuring compliance with the relevant norms. The manufacturing facility of SAF Tehnika continued to operate in its normal/rearranged mode, the company manufactured and shipped its products worldwide. At the manufacturing facility, the work is organized in such a way as to minimize physical proximity (by working remotely or rearranging workplaces), paying special attention to ventilation and air quality.

The Group’s operations are also affected by the global shortage of various electronic components. By regularly reviewing delivery volumes and deadlines, the company continues to accumulate material reserves in order to be able to fulfil most of the orders within normal lead times. This applies to all SAF product families – microwave links, Spectrum Compact and Aranet.

The Group continues to explore market demand and problematic issues in order to be able to provide necessary product modifications, as well as continues investments in product development. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term.

 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

The Board of Directors of “SAF Tehnika” JSC (Reg.No.40003474109, legal address: 24a, Ganibu dambis, Riga, LV-1005, Latvia) informs that it convenes a regular shareholders’ meeting on 8 December, 2021 at 2.00 PM (GMT +2H).

Due to Covid-19 pandemics to protect the health of shareholders, Group`s employees and society we invite all shareholders to participate in the meeting online without a physical presence. Shareholders, who want to participate in the meeting on-site, must electronically submit a negative Covid-19 test result with issue date no earlier than 6 December, 2021, by the end of working day 7 December and valid Covid-19 certificate.

Agenda:

1. Approval of report of the Board of Directors and the Supervisory Council;
2. Approval of the annual report for the financial year 2020/2021 and release the Board of Directors from responsibility for financial year 2020/2021;
3. Taking a decision regarding distribution of FY 2020/2021 profit;
4. Appointment of the auditor for the financial year 2021/2022 and determination of reward for the auditor;
5. Approval of Management Board and Supervisory Council remuneration report;
6. Elections of the Supervisory Council;
7. Giving the Supervisory Council the task to continue the responsibilities of the Audit Committee.

Shareholders and their representatives can submit draft decisions regarding the issues of the agenda to be discussed on the shareholders meeting until 15 November 2021 by sending them signed with a secure electronic signature to the e-mail address investors@saftehnika.com. Or by sending them by post to the head office at Ganibu dambis 24a, Riga, LV-1005, Latvia.

Draft resolutions on the issues of the agenda to be discussed on the shareholders meeting and the voting form will be published on 24 November 2021. Draft resolutions will be available also on company’s webpage www.saftehnika.com, but on the meeting day at the registration desk.

The total number of shares with a right to vote amounts to 2 970 180 (two million nine hundred seventy thousand one hundred eighty).

Shareholders can participate personally or delegate a representative and to vote in person or to exercise the right to participate and vote remotely by electronic means.

Shareholders may exercise the right to vote in writing before the shareholders' meeting, using a secure electronic signature, by sending a vote to the e-mail address investors@saftehnika.com or in paper sending by post to the address Ganibu dambis 24a, Riga, LV-1005, Latvia. The published voting form must be used for voting. Such a vote will be taken into account if received by the end of 7 December, 2021. Shareholders with such a vote will be considered present at the shareholders' meeting. A shareholder who has voted before the shareholders' meeting may ask the Company to confirm the receipt of the vote. The Company shall send a confirmation to the shareholder immediately upon receipt of the shareholder's vote.

If a shareholder has voted before the meeting, this does not prevent him from attending the meeting in person or joining the meeting remotely and participating in the voting. In this case, the vote previously cast by the shareholder will be canceled and the vote cast during the meeting will be taken into account.

Only persons or entities which are shareholders on the date of record will be entitled to participate in the shareholders’ meeting. The date of record is the end of the day of 30 November 2021.

Registration and identification of shareholders who wish to participate to the meeting remotely will take place in the following order:

1. By the end of December 7, 2021 shareholders must send a published meeting application form signed with a secure electronic signature to the e-mail address investors@saftehnika.com.  Or signed paper meeting application by post together with a copy of passport or other identification document to the address Ganibu dambis 24a, Riga, LV-1005, Latvia.

          Representatives of shareholders must also attach to the e-mail or parcel legally valid copy of the written power of attorney of the represented shareholder.

2. Shareholders applied for participation in the meeting remotely will receive an individual connection link to the meeting by e-mail until December 8, 2021 at 12.00 PM.

3. There will be a video identification held on the day of the meeting from 1.30 p.m. to 2.00 p.m. for security purposes. Shareholders who have applied for the meeting remotely using the link provided must join the meeting at 1.30 p.m. and be prepared to present an identity document by video so that the Chairman of the meeting can compare the image of the shareholder or representative with the image shown in the identity document. During the identification of the video, the head, shoulders, face without shading of the person and a clearly visible image in the presented document must be visible.

The video and audio streaming of the meeting and the video identification process will be recorded.

4. Shareholders, who want to participate in the meeting on-site, must electronically submit a negative Covid-19 test result with issue date no earlier than 6 December, 2021. By sending the result to the e-mail addressinvestors@saftehnika.com by the end of working day 7 December and a copy of valid Covid-19 certificate.

Registration of participants will take place at the venue on the day of the shareholders’ meeting – on 8 December 2021 from 1.30 p.m. until 2.00 p.m.

Shareholders at the registration must present a passport or another identification document. Representatives of shareholders at the registration must show a power of attorney witnessed by a notary or a power of attorney legally equal to that and passport or another verifying document. The template of the power of attorney is available on company’s webpage www.saftehnika.com.

Shareholders meeting application form.

The Board of “SAF Tehnika” JSC

         Additional information:
         Zane Jozepa
         CFO, Member of the Board
         zane.jozepa@saftehnika.com
         +371 67046825

Net turnover of the “SAF Tehnika” Group in the 2020/2021 financial year was 25.02 million euros, which is by 8.3 million euros or by 49% higher than in the previous financial year 2019/2020. The net turnover of the Parent company in FY 2020/2021 was EUR 20.98 million, which is by EUR 7.1 million higher than in the previous FY 2019/2020. The Board of the Parent company proposes to pay dividends of EUR 2 million.

“SAF Tehnika” publishes its audited consolidated and non-consolidated financial statements for financial year 2020/ 2021 (from July 1, 2020- June 30, 2021) according to Section 56th, 5th paragraph of „Law on the Financial Instruments Market”.

During the reporting year, the development and improvement of the microwave wireless data transmission product line continued. Solutions were found to improve functionality and quality indicators, and to reduce production costs. The Group continued to design and develop the Aranet functionality – the new Internet of Things (IoT) environmental monitoring solution, as well as kept on working on the Aranet Cloud service. Aranet is an industrial-grade wireless environmental monitoring solution that allows taking measurements of various environmental parameters over a wide area, including monitoring of temperature, humidity, and CO2.

Exports made 98.03% of the turnover and amounted to EUR 24.53 million. During the reporting year, the Group exported its products to 85 countries worldwide.

The Group’s activities were also affected by the worldwide deficit of various electronics components. By regularly reviewing supply volumes and deadlines, the Group continued to accumulate material reserves in order to be able to fulfill most of the orders within normal lead times. This applies to all SAF product families – microwave links, Spectrum Compact and Aranet.

During the reporting year, the Group invested EUR 615 thousand into IT infrastructure, production and research equipment, purchase of software and licenses, as well as product certification.

The Group completed the financial year 2020/2021 with a profit of EUR 3.88 million.

The Parent company’s financial result for FY 2020/2021 was a profit of EUR 3.18 million EUR. This successful result of economic activity was provided by an increase in the share of variable specialized projects with high added value in the overall project portfolio.

The Board of the Parent company proposes to pay dividends of EUR 2 million.

Attachments: 

Audited Consolidated financial statements and Separate financial statements for “SAF Tehnika” for the year ended June 30, 2021

Corporate Governance report for financial year 2020/2021

Remuneration Report for the year ended June 30, 2021

 Zane Jozepa
CFO, Member of the Board
+371 67 046 833
Zane.Jozepa@saftehnika.com

Due to component end-of-life (EOL) SAF is announcing an EOL plan for the CFIP PhoeniX

family of radios and IDUs. SAF will continue to support and maintain these products 10

years after last shipment.

We will continue to accept CFIP PhoeniX IDU purchase orders until stock of available

components is depleted or December 31st, 2021, whichever comes first.

SAF has already stopped accepting new purchase orders for CFIP PhoenIX ODUs.

Read more.

Originally our signal mapping solution was made for the public safety agencies and it has never been used underground. Since SAF Tehnika and other partners are using or developing wireless sensors within the scope of the CHARM project and the fact that we did have problems with connectivity to the network, we saw an opportunity to use our product to measure the signal strength in the mines. Signal strength is crucial for the ability to use all kinds of wireless technologies.

To use our signal mapping solution, we will have to modify it to enable its use in places without connectivity to the global positioning system (GPS or others), as well as develop special Aranet sensors to work as continuous signal transmitters. These new developments and improvements require changes in both, hardware and software.

The goal of this task is to get a complete picture of the wireless environment coverage down in the mines, which will help us and our partners in planning a better placement of the measurement devices and will tell if any adjustments are required in the network access points as well as visualize signal strength in the form of a heatmap. To accomplish this goal, we will measure the signal strength at two frequencies, namely, 868 MHz and 2.4 GHz. These two frequencies should cover the majority of the equipment that is used or will be used in the mines for measurements and also for network connectivity.

In the fourth quarter of the financial year 2020/2021, the Group’s unaudited consolidated net turnover was 8.2 million euros, which is 134% more than in the third quarter of the FY 2019/2020, and is historically the highest sales volume for a single quarter. The Group ended the fourth quarter of the financial year 2020/2021 with a profit of 2.04 million (unaudited). The unaudited consolidated result for the financial year 2020/2021 is profit of EUR 4.15 million.

The turnover in North and Latin Americas was 61% or EUR 5.06 million. Compared to the turnover in the same quarter of the previous financial year, the turnover increased by 144% as a result of successful sales project transactions in the previous quarters.

The turnover in Europe and CIS countries amounts to 30% or EUR 2.48 million, which is 134% more than in the fourth quarter of the previous financial year. The turnover of the AMEA (Asia, Middle East, Africa) region increased by 71% compared to the corresponding quarter of the last financial year, and makes up 9% or EUR 705 thousand.

In the reporting quarter, the Group’s products were sold in 57 countries.

The Group’s unaudited consolidated turnover of the financial year 2020/2021 was EUR 25.56 million, which is 52% more than the amount of revenue in the previous financial year.

The Group’s costs did not exceed the planned levels, and The Group continues to invest in the development of new products and product modifications.

The unaudited consolidated result for the financial year 2020/2021 is a profit of EUR 4.15 million. The Group’s profit for the previous financial year 2019/2020 was EUR 476 thousand.

The Group’s net cash balance at the end of the period was 7.6 million euros.

In the context of a global pandemic, the Group follows the epidemiological rules in its home country, ensuring compliance with applicable regulations. The manufacturing facility of SAF Tehnika continued to operate in its normal/rearranged mode, the company manufactured and shipped its products worldwide. At the manufacturing facility, the work is organized in such a way as to minimize physical proximity (by working remotely or rearranging workplaces), as well as all employees are provided with face masks, disinfectants, frequent cleaning and ventilation of premises.

The Group’s operations are also affected by the global shortage of various electronic components. By regularly reviewing delivery volumes and deadlines, the company continues to accumulate material reserves in order to be able to fulfil most of the orders within normal lead times. This applies to all SAF product families – microwave links, Spectrum Compact and Aranet.

The Group continues to explore market demand and problematic issues in order to be able to provide necessary product modifications, as well as continues investments in product development. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term.

 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

Saskaņā ar līguma No.  SKV-L-2016/152 ar v/a „Latvijas Investīciju un attīstības aģentūra" par projekta "A/S “SAF Tehnika" dalība starptautiskās izstādēs" īstenošanu, „SAF Tehnika” paziņo, ka ir veikusi Aranet4 PRO sertifikāciju sadarbībā ar "ROGERS LABS, INC".

Sertifikācijas ietvaros tika veikta iekārtu testēšana un iegūts sertifikāts FCCID:W9Z-A4MK2PRO IC:8855A-A4MK2PRO (ASV, Kanada) Model /Aranet4 Pro/. A/S “SAF Tehnika”, kā mikroviļņu radio ražotājs vēlas, lai produkcija, kas tiek ražota uzņēmumā, būtu atbilstoša Eiropas Savienības prasībām. To apliecina kompetentās iestādes neatkarīgie testi un sertifikāti. 

A/S “SAF Tehnika” ir ISO sertificēts mikroviļņu datu pārraides iekārtu ražotājs un izplatītājs vairāk nekā 130 valstīs visā pasaulē. Uzņēmuma produkcija tiek ražota Latvijā. Kopš 2004. gada SAF Tehnika uzņēmuma akcijas tiek kotētas NASDAQ Riga biržā.

In the third quarter of the financial year 2020/2021, the Group’s unaudited consolidated net turnover was5.9 million euros, which is 30% more than in the third quarter of the FY 2019/2020. The Group ended the third quarter of the financial year 2020/2021EUR 967 thousand (unaudited). The unaudited consolidated result for the 9-month period of the financial year 2020/2021 is profit of EUR 2.11 million.

The turnover in North and Latin Americas was 65% or EUR 3.84 million. Compared to the turnover in the same quarter of the previous financial year, the turnover increased by 30% as a result of successful sales project transactions in the previous quarters.

The turnover in Europe and CIS countries amounts to 30% or EUR 1.75 million, which is 55% more than in the third quarter of the previous financial year. The turnover of the AMEA (Asia, Middle East, Africa) region decreased by 31% compared to the corresponding quarter of the last financial year, and makes up 5% or EUR 302 thousand.

In the reporting quarter, the Group’s products were sold in 55 countries.

The Group’s unaudited consolidated turnover for the 9-month period of the financial year 2020/2021 was EUR 17.31 million, which is 31% more than the amount of revenue in the previous financial year. 

The Group’s costs did not exceed the planned levels, and The Group continues to invest in the development of new products and product modifications.

The unaudited consolidated result for the 9-month period of the financial year 2020/2021 is profit of EUR 2.11 million. The Group’s profit for the 9 months of the previous financial year 2019/2020 was EUR 610 thousand.

The Group’s net cash balance at the end of the period was 6.5 million euros.

During the pandemic, the manufacturing facility of SAF Tehnika continued to operate in its normal/rearranged mode, the company manufactured and shipped its products worldwide. At the manufacturing facility, the work is organized in such a way as to minimize physical proximity (by working remotely or rearranging workplaces), as well as all employees are provided with face masks and shields, disinfectants, frequent cleaning and ventilation of premises.

The Group’s operations are also affected by the global shortage of various electronic components. By regularly reviewing delivery volumes and deadlines, the company continues to accumulate material reserves in order to be able to fulfil most of the orders within normal lead times. This applies to all SAF product families – microwave links, Spectrum Compact and Aranet.

The Group continues to explore market demand and problematic issues in order to be able to provide necessary product modifications, as well as continues investments in product development. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. 

 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

SAF Tehnika recently became a new member of the MIOTY alliance, and we are exploring the use of the MIOTY protocol for our end-to-end wireless IoT ecosystem Aranet

MIOTY, developed by Fraunhofer IIS, is a cutting-edge software based low-power, wide-area network (LPWAN) protocol with a broader possibility range than other LPWAN technologies. Standardised in the TS 103 357 ETSI it promises best-in-class reliability and scalability, possibly the best solution for massive industrial and commercial IoT deployments.

We believe that the core invention behind the MIOTY technology - their Telegram Splitting Multiple Access (TSMA) method will allow us to provide an even more robust and reliable connection as well possibilities for dense deployments with many more sensors per base station.

We recently began our first pilot in collaboration with the CHARM project, where we intend to use the MIOTY technology to monitor and assess air quality in underground mines. In the future, we plan to use the MIOTY technology to further broaden applications of Aranet, improve and expand our services and capabilities.

Saskaņā ar līguma No.  SKV-L-2016/152 ar v/a „Latvijas Investīciju un attīstības aģentūra" par projekta "A/S “SAF Tehnika" dalība starptautiskās izstādēs" īstenošanu, „SAF Tehnika” paziņo, ka laikā no 2020.gada 19.oktobri  līdz 2021.gada 31.martam 2021.gada ir veikusi produktu, Integra-E2-80 sertifikāciju Tehnisko ekspertu sabiedrība ar ierobežotu atbildību "TUV Nord Baltik".

Sertifikācijas ietvaros tika veikta iekārtu testēšana saskaņā ar ETSI EN 300 019, ISO 9227, ISO 12944-2. A/S “SAF Tehnika”, kā mikroviļņu radio ražotājs vēlas, lai produkcija, kas tiek ražota uzņēmumā, būtu atbilstoša Eiropas Savienības prasībām. To apliecina kompetentās iestādes neatkarīgie testi un sertifikāti.

A/S “SAF Tehnika” ir ISO sertificēts mikroviļņu datu pārraides iekārtu ražotājs un izplatītājs vairāk nekā 130 valstīs visā pasaulē. Uzņēmuma produkcija tiek ražota Latvijā. Kopš 2004. gada SAF Tehnika uzņēmuma akcijas tiek kotētas NASDAQ Riga biržā.

Saskaņā ar līguma No.  SKV-L-2016/152 ar v/a „Latvijas Investīciju un attīstības aģentūra" par projekta "A/S “SAF Tehnika" dalība starptautiskās izstādēs" īstenošanu, „SAF Tehnika” paziņo, ka laikā no 2020.gada oktobra līdz 2021. gada februārim ir veikusi produktu CFL Sprint MXM MkX Repeater, CFL Sprint MXM Mk2S, CFL-06-Sprint Mk2 ODU sertifikāciju sadarbībā ar "ROGERS LABS, INC".

Sertifikācijas ietvaros tika veikta iekārtu testēšana saskaņā ar 47CFR, Part 15E, Paragraph 15.407, Unlicensed National Information Infrastructure (U-NII) and Industry Canada RSS-247 Issue 2 License-Exempt Local Area Network (LE-LAN) Devices (U-NII) Point-to-Point Operation Device, FCC 47CFR PART 15B, ICES-003, EN 55032:2015/AMD:2019 (CISPR 32), AS/NZS CISPR 32:2015, and EN 61000-6-3:2007/A1:2011. A/S “SAF Tehnika”, kā mikroviļņu radio ražotājs vēlas, lai produkcija, kas tiek ražota uzņēmumā, būtu atbilstoša Eiropas Savienības prasībām. To apliecina kompetentās iestādes neatkarīgie testi un sertifikāti. 

A/S “SAF Tehnika” ir ISO sertificēts mikroviļņu datu pārraides iekārtu ražotājs un izplatītājs vairāk nekā 130 valstīs visā pasaulē. Uzņēmuma produkcija tiek ražota Latvijā. Kopš 2004. gada SAF Tehnika uzņēmuma akcijas tiek kotētas NASDAQ Riga biržā.

Riga, Latvia – March 17, 2021 – SAF Tehnika has expanded its Spectrum Compact family of ultra-portable handheld microwave spectrum analyzers with the introduction of a model that supports 6 GHz – 20 GHz. Providing best-in-class price/performance, the new Spectrum Compact delivers high durability at an affordable price point, making it a perfect tool for field engineers and technicians responsible for link planning, installation, site acceptance, maintenance, and troubleshooting of wireless networks.  

The 6-20 GHz spectrum analyzer has high sensitivity of -110 dBm at 30 kHz resolution bandwidth, long battery life of up to 4 hours, and instant-on functionality for quick start-up and operation. All this high-performance is designed in a rugged, ultra-compact form factor that measures only 135 x 83 x 34 (mm)/ 5.31 x 3.27 x 1.34 (inches) and weighs 0.57 kg/20.11 oz. It is ideal for mobile carriers, telecommunications professionals, Internet service providers (ISPs), and contractors responsible for regulatory and compliance, drone applications, and satellite operation.

Every aspect of the Spectrum Compact family has been designed to address the challenges of field applications. Similar to all Spectrum Compact models, the 6 GHz – 20 GHz handheld spectrum analyzer has a resistive touchscreen for operation with gloves, and high contrast and full display modes for easy readability in bright light environments. Durable thumbscrews for the waveguide adapter connections help the Spectrum Compact to withstand harsh environments. Spectrum traces can be saved in the integrated 8 GB of memory, for offline analysis, investigation, and reporting using the Spectrum Manager PC software. 

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The 6 GHz – 20 GHz instrument extends the frequency range for the Spectrum Compact family. Included in the series are the world’s only portable E-band (70-87 GHz) and V-band (56-71 GHz) handheld spectrum analyzers. 

Spectrum Compact devices are well suited for mobile operators, carriers, and tower installation crews deploying 5G networks, Wireless Internet Service Providers (WISPs), local government institutions, public safety departments, and critical network infrastructure owners. Field engineers and technicians can use the ultra-portable handheld microwave spectrum analyzers to conduct site surveys, radio parameter verification, antenna alignment, interference detection, line-of-sight verification, signal strength mapping, and interference hunting.

SAF Tehnika had developed a free virtual demo of Spectrum Compact for viewing. 

About SAF Tehnika

SAF Tehnika JSC is a RF data transmission equipment designer and manufacturer with a global presence 

in over 130 countries. SAF designs and manufactures top quality microwave radios, series of world's 

smallest microwave spectrum analyzers Spectrum Compact, and solutions for wireless environmental 

monitoring under the brand name Aranet. Company’s shares are publicly traded at NASDAQ Riga stock 

exchange (SAF1R). Its headquarters and manufacturing are in Riga, Latvia. 

North American operations are managed by subsidiary SAF North America. An office, sales and support team, and a warehouse are in Denver, CO.

SAF Tehnika AS sadarbībā ar VAS Elektroniskie sakari ar 01.01.2021. uzsāk īstenot pētniecības projektu Darbības programmas “Izaugsme un nodarbinātība” 1.2.1. specifiskā atbalsta mērķa “Palielināt privatā sektora investīcijas P&A” 1.2.1.1. pasākuma “Atbalsts jaunu produktu un tehnoloģiju izstrādei kompetences centru ietvaros”.

Eiropas Reģionālā attīstības fonda projekts „Latvijas elektrisko un optisko iekārtu ražošanas nozares kompetences centrs”

Pētniecības projekta nosaukums – “Radio spektra parametru mērīšana, izmantojot bezpilota lidaparātu”

Projekts Nr. 1.2.1.1/18/A/006

Pētniecības projekta īss apraksts – visaptverošas izpētes rezultātā nodefinēt optimālākos tehniskos parametrus mēriekārtai (forma, masa, nostiprināšanas veidi, elektromagnētiskā izstarojuma un imunitātes ierobežojumi u.c.), kas pielāgota uzstādīšanai uz bezpilota lidaparāta, un radīt tehnoloģisku risinājumu, kas nodrošinās iespēju veikt mērījumus lielā augstumā un/vai sarežģītas piekļuves apstākļos uzstādītu raidītāju tuvumā.

Pētniecības projekta mēŗķis – Pētniecības projekta mērķis ir veikt izpēti vairākos virzienos:

- iegūt zināšanas par bezpilota lidaparātu parametriem, spektra analizatoru dažādu moduļu mijiedarbību un sinhronizētu darbību;

- izveidot automātiskās radioiekārtas atpazīšanas algoritmu, bezpilota lidaparāta lidojuma plāna algoritmu;

- veikt izstrādātā risinājuma validāciju;

- izstrādāt radio moduli 17 – 24 GHz frekvenču diapazonam;

- izstrādāt moduļu ietvaru (šasiju);

- izveidot bezpilota lidaparāta automātiskā lidojuma plāna programmatūru;

- veikt dažādu bezpilota lidaparātu ražotāju datu sinhronizācijas starp spektra analizatoru un lidaparātu programmatūras izstrādi;

- izstrādāt mērījumu rezultātu apstrādes programmatūru.

Pētniecības projekta rezultāts – Pēc pētījuma beigām, partneri iegūs jaunas zināšanas par optimālajiem parametriem, kuriem jāatbilst pie bezpilota lidaparāta nostiprināmam spektra analizatoram, automātiskās radioiekārtas atpazīšanas algoritmam, bezpilota lidaparāta lidojuma plāna algoritmam.

Veiksmīga pētījuma projekta noslēgumā plānojam komercializēt un piedāvāt šo risinājumu frekvenču regulatoriem, un citiem klientiem, kuriem nepieciešams veikt radio sakaru infrastruktūras apsekošanu, šādi palielināsim savu konkurētspēju šādu un līdzīgu risinājumu realizācijai Latvijā un pasaulē.

“Papildināts 08.12.2021”

Līdz 2021. gada decembrim pētniecības projekta ietvaros ir pabeigti sekojoši darbi:

- iegūtas zināšanas par bezpilota lidaparātu parametriem, spektra analizatoru dažādu moduļu mijiedarbību un sinhronizētu darbību;

- izveidos automātiskās radioiekārtas atpazīšanas algoritms, bezpilota lidaparāta lidojuma plāna algoritms;

- izstrādāts radio modulis 17 – 24 GHz frekvenču diapazonam;

- izveidota bezpilota lidaparāta automātiskā lidojuma plāna programmatūra;

Turpinās darbs pie:

- izstrādātā risinājuma validācijas;

- moduļu ietvaru (šasijas) izstrādes;

- dažādu bezpilota lidaparātu ražotāju datu sinhronizācijas starp spektra analizatoru un lidaparātu programmatūras izstrādes;

- mērījumu rezultātu apstrādes programmatūras izstrādes.

Kopumā līdz pētniecības projekta noslēgumam tiks veikti vairāki testa lidojumi ar bezpilota lidaparātu, lai pārbaudītu izstrādāto algoritmu, spektra analizatoru, moduļu ietvara (šasijas), un programmatūras darbību lauka apstākļos.

"Papildināts 17.05.2022"

Līdz 2022. gada februārim pētniecības projekta ietvaros ir pabeigti sekojoši darbi:

- izstrādātā risinājuma validācijas;

- moduļu ietvaru (šasijas) izstrādes;

- dažādu bezpilota lidaparātu ražotāju datu sinhronizācijas starp spektra analizatoru un lidaparātu programmatūras izstrādes;

- mērījumu rezultātu apstrādes programmatūras izstrādes.

- sagatavota projekta noslēguma atskaite par padarīto

Līdz ar 2022. gada februāri tiek pabeigts darbs pie pētniecības projekta. 2022. gada 3. martā SAF Tehnika AS kopā ar VAS Elektroniskie sakari prezentēja projekta gala rezultātus.

SAF Tehnika is proud to announce our participation in the CHARM project – a European collaboration aimed to develop industrial grade IoT solutions with an improved tolerance towards harsh industrial surroundings.

We believe that the experience which we have gained over the past years developing, manufacturing, and selling our end-to-end IoT wireless sensor ecosystem Aranet makes us a valuable partner to understand and overcome the problems and limitations of wireless sensor signal transmission in the underground mining environment.

Besides our 20-year radio manufacturing experience, we have full range of various sensors developed for different market verticals and have gathered a significant amount of know-how in the indoor air quality market, becoming world leaders in this segment with our wireless air quality sensor Aranet4. Within the scope of the CHARM project, we hope to transfer this knowledge to the mining industry. We aspire to create a robust and a reliable wireless solution for measuring different air quality parameters inside mines with the ability to wirelessly transmit and centrally collect these measurements in a highly challenging environment for radio propagation.

First initial tests have already begun using our existing solution, and as a next step we plan on expanding our solution with MIOTY technology. We are hoping that the addition of the MIOTY protocol will improve the reliability and scalability for specific industrial applications.

In the second quarter of the financial year 2020/2021, the Group’s unaudited consolidated net turnover was 6.7 million euros, which is 42% more than in the second quarter of the FY 2019/2020. The Group ended the second quarter of the financial year 2020/ EUR 766 thousand (unaudited). The unaudited consolidated result for the 6-month period of the financial year 2020/2021 is profit of EUR 1.14 million.

The turnover in North and Latin Americas was 67% or EUR 4.51 million. Compared to the turnover in the same quarter of the previous financial year, the turnover increased by 39%, as a result of successful sales project transactions in the previous quarter and at the end of the last financial year.

The turnover in Europe and CIS countries amounts to 25 % or EUR 1.67 million, which is 52% more than in the second quarter of the previous financial year. The turnover of the AMEA (Asia, Middle East, Africa) region increased by 42% compared to the corresponding quarter of the last financial year and makes up 8% or EUR 533 thousand.

In the reporting quarter, the Group’s products were sold in 62 countries.

The Group’s unaudited consolidated turnover for the 6-month period of the financial year 2020/2021 was EUR 11.41 million, which is 31% more than the amount of revenue in the previous financial year.

The Group’s costs did not exceed the planned levels, and The Group continues to invest in the development of new products and product modifications.

The unaudited consolidated result for the 6-month period of the financial year 2020/2021 is profit of EUR 1.14 million. The Group’s profit for the 6 months of the previous financial year 2019/2020 was EUR 451 thousand.

The Group’s net cash balance at the end of the period was 5.9 million euros.

During the pandemic, the manufacturing facility of SAF Tehnika was operating normally, the company manufactured and shipped its products worldwide. At the manufacturing facility, the work is organized in such a way as to minimize physical proximity (by working remotely or rearranging workplaces), as well as all employees are provided with face masks and shields, disinfectants, frequent cleaning and ventilation of premises. The company accumulates enough materials, has adjusted the supply chain of materials and is able to fulfil most of the orders within normal lead times.

The Group continues to explore market demand and problematic issues in order to be able to provide necessary product modifications, as well as continues investments in product development. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term.

 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

SAF Tehnika AS ar 01.04.2019 uzsākusi īstenot pētniecības projektu Darbības programmas “Izaugsme un nodarbinātība” 1.2.1. specifiskā atbalsta mērķa “Palielināt privatā sektora investīcijas P&A” 1.2.1.1. pasākuma “Atbalsts jaunu produktu un tehnoloģiju izstrādei kompetences centru ietvaros” otrās projektu iesniegumu atlases kārtas ietvaros.

Pētniecības projekta nosaukums – Pētījums par elektroenerģijas patēriņu samazinošām tehnoloģijām notekūdeņu attīrīšanas ietaisēs.

Projekts Nr. 1.2.1.1/18/A/006

Projekta rezultāti:

• Iegūtas zināšanas par elektronerģijas patēriņa struktūru notekūdeņu attīrīšanas stacijā, nosakot būtiskos energopatērētājus. Būtiskākais patērētājs – gaisa pūtēji attīrīšanas tvertnēs.
• Iegūtas zināšanas par elektroenerģijas monitoringa iespējām. Uzstādītas monitoringa iekārtas pie būtiskajiem elektroenerģiju patērējošiem procesiem, nodrošināta datu ieguve un saite ar datu apstrādes programmatūru.
• Iegūtas zināšanas par notekūdeņu sastāva sensoriem, uzstādīti sensori, kas mēra sešus dažādus parametrus 4 notekūdeņu attīrīšanas tehnoloģijas posmos.
• Iegūtas zināšanas par sensoru datu nolasīšanas, saņemšamas, glabāšanas un apstrādes iespējām notekūdeņu attīrīšanas stacijās, ņemot vērā īpatnējos apstākļus un mehāniskās konstrukcijas. Šīs zināšanas turpmāk varēs izmanto AS SAF Tehnika, plānojot attālinātās datu nolasīšanas sistēmas citos līdzīgos objektos.
• Veikta izpēte un iegūtas zināšanas par trīs procesu – gaisa pieplūde attīrīšanas tvertnēs (gaisa pūtēju darbība), notekūdeņu maisīšana (mikseru darbība) un gaisa pieplūde priekšattīrīšanā (gaisa pūtēju priekšattīrīšanā darbība) – ietekmi uz elektroenerģijas patēriņu, ņemot vērā notekūdeņu sastāvu.
• Veikta izpēte un iegūtas zināšanas par vienu no izvirzītajiem energoefektivitātes indikatoriem – elektroenerģijas patēriņš pret NAI ienākošo notekūdeņu apjomu.
• Veikti eksperimenti un izdarīti secinājumi par dažādu NAI iekārtu darbību un ietekmi uz notekūdeņu attīrīšanas procesu, t.sk. notekūdeņu sastāva mērījumiem NH₄ un NO₃. Šīs zināšanas turpmāk SIA Bauskas Ūdens var izmantot notekūdeņu attīrīšanas iekārtu efektivitātes uzlabošanai.
• Iegūta informācija un sakarības par dažādiem parametriem un ārējiem apstākļiem – temperatūra, PH līmemis, skābekļa līmenis, ORP, NH₄ un NO₃
• Iegūtas zināšanas par tehnoloģiju, kas izmantojama notekūdeņu attīrīšanas iekārtu energoefektivitātes paaugstināšanai, kas ir būtiski lētāka nekā līdz šim izmantotās NAI iekārtu regulēšanas sistēmas. Šīs zināšanas turpmāk varēs izmantot SIA “Smart Meter”, sniedzot energoefektivātes konsultāciju pakalpojumus.

According to the agreement No.  SKV-L-2016/152 between SAF Tehnika JSC and the Investment and Development Agency of Latvia (LIAA) within the framework of the project „Participation of SAF Tehnika JSC in international exhibitions”, the company announces its membership of Energy Telecommunications and Electrical Association(ENTELEC), The National Rural Electric Cooperative Association” (NRECA),  Utilities Technology Council (UTC) and APCO International.

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are designed and manufactured in Latvia, Europe and sold in over 130 countries worldwide. SAF Tehnika has been listed on NASDAQ Riga stock exchange since 2004.

According to the agreement No. SKV-L-2016/152 between SAF Tehnika JSC and the Investment and Development Agency of Latvia (LIAA),   within the framework of the project „Participation of SAF Tehnika JSC in international exhibitions”, the company informs about using  Miligen by Pipedrive services.

„SAF Tehnika” JSC is an ISO certified wireless data transmission equipment manufacturer. The company's products are designed and manufactured in Latvia, Europe and sold in over 130 countries worldwide. SAF Tehnika has been listed on NASDAQ Riga stock exchange since 2004.