AS “SAF TEHNIKA” ir pabeigusi īstenot pētniecības projektu “Augstas veiktspējas mikroviļņu radio dzesēšanas optimizācija, MiRaDO”, Nr. 1.10..

Projekta nobeiguma periodā - pēdējos trīs projekta mēnešos tika īstenota projekta eksperimentālās izstrādes aktivitāte “Augstas veiktspējas mikroviļņu radio pielāgota korpusa prototipa izgatavošana un testēšana.” Tās ietvaros tika saražots MW radio korpusa prototips ar termāli optimizēto ģeometriju.

Atbilstoši korpusa ģeometrijas matemātiskās modelēšanas un optimizācijas gaitā iegūtajām atziņām, korpusa prototips tika pilnībā izgatavots no alumīnija, ieskaitot arī vāku. Tas tika izgatavots, izmantojot frēzēšanas tehnoloģiju, taču sērijveida ražošanā tiks izmantotas efektīvākas metodes – tādas kā ekstrūzija radiatoram un presēšana vākam, kas ievērojami samazinās ražošanas pašizmaksu.

Izgatavotajam radio korpusa prototipam tika veikta testēšana, apkopoti siltumapmaiņas testa rezultāti un veikta analīze, kas validē iepriekšējā projekta īstenošanas periodā veikto matemātiskā modeļa aprēķinu rezultātus. Analizējot prototipu termālo uzvedību, tika ņemti vērā projektā iegūtie ekspluatācijas datu analīzes rezultāti, ka sistēmas temperatūra ir par ~20°C augstāka kā apkārtējā gaisa temperatūra. Tika definēts kritērijs maksimālajai korpusa izkliedētajai jaudai, pie kuras temperatūra karstākajā punktā uz radiatora nepārsniedz apkārtējās vides temperatūru vairāk kā par 20 grādiem. No testu rezultātiem ir redzams, ka maksimālā radio izkliedētā jauda, pie kuras ir iespējams pilnībā atteikties no aktīvās dzesēšanas ar ventilatoriem, izmantojot optimizēto korpusu pie vēja ātruma 0.9 m/s, ir robežās 105…110 W. Labvēlīgākajā gadījumā, kad vēja virziens ir perpendikulārs radiatora virsmai, ar pasīvu dzesēšanu pietiek līdz 140 W izkliedētajai jaudai. Līdz ar to ir sasniegts galvenais projekta pētījuma mērķis: izstrādāt mikroviļņu radio korpusu, kas nodrošina tā optimālu dzesēšanu pie visiem komerciāli nozīmīgiem lietošanas apstākļiem (dažādas apkārtējā gaisa temperatūras, saules starojuma intensitāte, vēja ātrums) un radio komponenšu augstas veiktspējas darbības (saistīta ar paaugstinātu siltuma izdalīšanos no elektriskajām un elektroniskajām komponentēm).

Projekts tika īstenots Latvijas Atveseļošanas un noturības mehānisma plāna 5.1.r. reformu un investīciju virziena "Produktivitātes paaugstināšana caur investīciju apjoma palielināšanu P&A" 5.1.1.r. reformas "Inovāciju pārvaldība un privāto P&A investīciju motivācija" 5.1.1.2.i. investīcijas "Atbalsta instruments inovāciju klasteru attīstībai" projekta “Latvijas Elektrisko un optisko iekārtu ražošanas nozares kompetences centrs” ietvaros (projekts Nr. 5.1.1.2.i.0/1/22/A/CFLA/002). 

According to the agreement No. 17.1-1-L-2024/96 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 December 03-06, the company exhibited at "MJBizCon 2024 " in Las Vegas, USA.

The company presented the Aranet product series during the „ MJBizCon 2024" event. Visitors to the „SAF Tehnika” stand were mainly from different regions of the 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.

Latvijas Elektrisko un optisko iekārtu ražošanas nozares kompetences centrs

Projekts Nr. 5.1.1.2.i.0/2/24/A/CFLA/006

Pētījums Nr. 12 “Datos balstītu energoefektivitātes algoritmu validācija un datu pārraides kvalitātes analīze augsta blīvuma sensoru tīklos”

2025.gada 1.janvārī AS “SAF TEHNIKA” sadarbībā ar Rīgas Tehnisko universitāti Latvijas Atveseļošanas un noturības mehānisma plāna 5.1. reformu un investīciju virziena "Produktivitātes paaugstināšana caur investīciju apjoma palielināšanu P&A" 5.1.1.r. reformas "Inovāciju pārvaldība un privāto P&A investīciju motivācija" 5.1.1.2.i. investīcijas "Atbalsta instruments pētniecībai un internacionalizācijai" otrās kārtas īstenošanas noteikumu ietvaros uzsāk īstenot pētniecības projektu Nr. 12 “Datos balstītu energoefektivitātes algoritmu validācija un datu pārraides kvalitātes analīze augsta blīvuma sensoru tīklos”. 

Pētījuma mērķis ir universāla algoritma izstrāde, kas spētu, neatkarīgi no ēku pielietojuma, samazināt tajās izvietojamo apkārtējās vides uzraudzības sensoru skaitu, nesamazinot uz sensoru datu pamata pieņemamo ēku energoefektivitātes lēmumu kvalitāti. 

Galvenās aktivitātes ietver izpēti un eksperimentus, lai analizētu datu zudumus starp sensoriem un bāzes stacijām pārslodzes un traucējumu rezultātā, noteiktu optimālu sensoru blīvumu, kā arī pārbaudītu un salīdzinātu dažādus radio sakaru risinājumus - Lora un Mioty datu pārraides protokolus, lai uzlabotu datu pārraides uzticamību, enerģijas patēriņu un sakaru diapazonu. 

Projekta ietvaros ar apkārtējās vides uzraudzības sensoriem tiks aprīkotas Rīgas Tehniskās universitātes (RTU) ēkas – ēkas, kurās tiek nodrošināti studiju, zinātnes un inovāciju procesi, kā arī kopmītņu, peldbaseina un cita pielietojuma ēkas.

Lai nodrošinātu datu pārraides un radio sakaru kvalitātes mērījumus, tiks izmantotas dažādas slodzes (datu pārraides biežumi). Datu pārraides kvalitātes mērījumi tiks veikti visā projekta periodā un visu sensoru instalācijas laikā, lai noteiktu, vai sensoru pakāpeniska izvietošana ēkās var ietekmēt datu pārraides kvalitāti blakus esošajās ēkās. Iegūto eksperimentālo datu pareizas interpretācijas nodrošināšanai tiks vērtēti raidošo sensoru signāla stipruma (RSSI) rādījumi bāzes stacijās, šādi novērojot sakarības starp signāla stiprumu, datu pārraides intensitāti un datu relatīvo zudumu pārraides laikā.

Līdzīga pielietojuma ēkās, blakus tiks uzstādīti sensori, kas strādā ar Aranet un Mioty datu pārraides protokoliem. Tas ļaus salīdzināt datu pārraides kvalitāti vienos un tajos pašos apstākļos, kā arī ar vieniem un tiem pašiem komunikācijas parametriem, nosakot katra protokola priekšrocības un trūkumus, kā arī funkcionālās iespējas, datu drošības, savietojamības, tīkla topoloģijas elastības u.c. jomās. Projekta ietvaros tiks veikta AS “SAF TEHNIKA” ražoto sensoru pilnveide, paplašinot komercializācijas iespējas un eksportspēju.

Iepriekšējais pētījums ir pierādījis, ka līdzīga pielietojuma ēkās ir līdzīgas uzvedības telpas. Pētījuma tēze nosaka, ka potenciālais metodes pielietojuma rezultāts ir ievērojami plašāka sensoru savstarpējā aizvietojamība, kas ļauj būtiski samazināt kopējās sensoru infrastruktūras izbūves un uzturēšanas izmaksas, vienlaicīgi būtiski nesamazinot atbilstošo telpu uzvedības prognozes precizitāti. 

Pētījuma ietvaros tiks izmantoti jau iepriekš aprobēti datos sakņoti laikrindu prognozēšanas modeļi, piemēram, LSTM (Long Short Temr Memory), GRU (Gated Recurent Unit) vai TCN (Temportal Convolutional Network), kuru prognozes vidējās kvadrātiskās kļūdas pret patieso mērījumu apjoms būs galvenais rādītājs, lai novērtētu sensoru savstarpējo aizvietojamību.  Savukārt uzvedības līdzības noteikšanai tiks izmantota laikrindu salīdzināšanas metrika DTW (Dynamic Time Warping), kas ļauj noteikt “attālumu” starp divām laikrindām. Izmantojot DTW metriku, tiks atlasīti sensori ar dažādas pakāpes mērījumu savstarpējo līdzību, šādi ļaujot sistemātiski novērtēt prognozes precizitāti ar dažādiem savstarpējas līdzības novērtējumiem un izdarīt aptverošus secinājumus par metodes pielietojamību un potenciālu ekonomisko efektu dažādos savstarpējās sensoru aizvietošanas scenārijos.  

Ņemot vērā ievērojamo izvietojamo kopējo sensoru skaitu, datu apstrādei tiks izmantots RTU augstas veiktspējas skaitļošanas centrs (HPC) un atbilstošs programmatūras risinājums. Lai nodrošinātu efektīvu datu apstrādi, tiks veidoti datu momentuzņēmumi, tos tieši kopējot no Aranet datu mākoņa risinājuma HPC sistēmās. Tas nodrošinās ne tikai efektīvāku datu apmaiņu, bet arī iespēju datus publicēt atvērtās datu kopās, stiprinot zinātnes kopienu un veicinot atvērtās zinātnes principu ievērošanu.

Projekts ir strukturēts šādās galvenajās aktivitātēs:

1. aktivitāte: “Datu izgūšanas programmatūras izstrāde” (Eksperimentālā izstrāde).
2. aktivitāte: “Mioty savietojama sensora izstrāde” (Eksperimentālā izstrāde).
3. aktivitāte: “Sensoru datu salīdzinošās programmatūras izstrāde” (Eksperimentālā izstrāde).
4. aktivitāte: “Sensoru uzstādīšana RTU Ķīpsalas kompleksā” (Eksperimentālā izstrāde).
5. aktivitāte: “Izstrādāto prognozējošo modeļu darbības analīze” (Rūpnieciskais pētījums).
6. aktivitāte: “Datu pārraides kvalitātes analīze” (Rūpnieciskais pētījums).
7. aktivitāte: “Modificēto algoritmu darbības analīze” (Rūpnieciskais pētījums).
8. aktivitāte: “Datu kopas sagatavošana publicēšanai” (Eksperimentālā izstrāde).

Projektā tiks sasniegti šādi rezultāti:

• Izstrādāts Mioty Aranet4 sensors - izstrādāts sensors, kas pārraida datus, izmantojot Mioty datu apmaiņas protokolu.
• Programmatūras modulis – I - programmatūras modulis datu izgūšanai un sagatavošanai apstrādei HPC no Aranet datu mākoņa, izmantojot Aranet API.
• Ziņojums par programmatūras izstrādi un progresa ziņojums par Mioty sensora izstrādi.
• Programmatūras modulis – II - sensoru datu salīdzināšanas  programmatūras modulis, kas nodrošina DTW vai līdzīga mēra izmantošanu sensoru datu laikrindu salīdzināšanai.
• Izstrādāti un testēti Mioty sensori, uzstādīti 5000 – 6000 sensori un atbilstošs skaits bāzes staciju.
• Programmatūras modulis – III - sensoru datu prognozēšanas un prognožu kļūdu aprēķina modelis, kas izmanto vairākus prognozēšanas algoritmus, kā arī kombinē sensoru datu līdzību ar prognozes kļūdu.
• Ziņojums par sensoru datu pārraides kvalitātes testiem, ziņojums par veikto eksperimentu rezultātiem, publicējamas divas datu kopas. Noslēguma dokumentācija.

According to the agreement No. 17.1-1-L-2024/96 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 26-28, the company exhibited at "PMR Expo 2024" in Cologne, Germany.

SAF Tehnika presented the Integra, Spectrum Compact, and FreeMile product series during the exhibition. Visitors to the „SAF Tehnika” stand were mainly from different regions of Europe.

„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.

Pētniecības projekta “Augstas veiktspējas mikroviļņu radio dzesēšanas optimizācija, MiRaDO”, Nr. 1.10., ietvaros AS “SAF TEHNIKA” ir pabeigusi mikroviļņu radio korpusa matemātiskā modeļa izstrādi un radio korpusa ģeometrijas optimizāciju, izmantojot izstrādāto matemātisko modeli un tā robežnosacījumus. 

Modeļa attīstības posmā tika iegūtas svarīgas atziņas par optimizējamās iekārtas dzesēšanu un apkārtējās vides apstākļiem. Noteikts, ka vēja izraisītās horizontālās plūsmas ietekme uz siltuma atdevi ir samērojama ar termogravitācijas konvekcijas radīto siltuma atdevi. Tādēļ korpusa modeļa optimizācijā tika ņemta vērā gan termogravitācijas plūsmas ietekme vertikālajos kanālos, gan vēja plūsmas ietekme pamata kanāliem perpendikulārā virzienā.

Modelēšanas posmā tika skaidri parādīts, ka iekārtas vāks būtiski piedalās siltuma atdevē, un, ka alumīnijs kā vāka materiāls ir daudz efektīvāks par plastmasu. Tādēļ optimizācijas posmā tika izmantots tikai alumīnija vāks.

Noskaidrots, ka iekārtas detaļu ietekme korpusa iekšienē - to siltuma atdeve uz iekšējā gaisa apgabalu ir neliela un praktiski viss siltums pāriet no siltuma avotiem uz radiatoru. Tādēļ nebija nepieciešams modelēt detalizētu ģeometriju korpusa iekšienē.

Modeļa optimizācijas procesā tika aprēķinātas dažādas modeļa modifikācijas, novērtējot katra parametra izmaiņu ietekmi uz dzesēšanu.

Optimizācijas rezultātā ir izstrādāta jauna ģeometrija un aprēķināti optimālākie radio korpusa izmēri. Optimizācija veikta izmantojot siltuma avotus ar kopējo jaudu 95 W.  AS SAF TEHNIKA ir izvērtējusi optimizētās iekārtas ražošanas procesus un ir izgatavojusi mikroviļņu radio korpusa prototipu ar termāli optimizētu ģeometriju. 

Turpmākajā projekta īstenošanas periodā tiks veikti izgatavotā prototipa siltumapmaiņas testi un analīze matemātiskā modeļa aprēķinu rezultāta validēšanai.

Projekts tiek īstenots Latvijas Atveseļošanas un noturības mehānisma plāna 5.1.r. reformu un investīciju virziena "Produktivitātes paaugstināšana caur investīciju apjoma palielināšanu P&A" 5.1.1.r. reformas "Inovāciju pārvaldība un privāto P&A investīciju motivācija" 5.1.1.2.i. investīcijas "Atbalsta instruments inovāciju klasteru attīstībai" projekta “Latvijas Elektrisko un optisko iekārtu ražošanas nozares kompetences centrs” ietvaros (projekts Nr. 5.1.1.2.i.0/1/22/A/CFLA/002).

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 the financial year 2023/2024.

2. The approval of the annual financial statements for financial year 2023/2024 and release the Board of Directors from responsibility for financial year 2023/2024

Decision: to approve the consolidated and separate financial statements of “SAF Tehnika” JSC for financial year 2023/2024 and release the Group`s Board of Directors from responsibility for financial year 2023/2024.

3. Taking a decision regarding distribution of FY 2023/2024 profit

Decision: to cover the losses from the retained earnings of previous years.

4. Appointment of the auditor for the financial year 2024/2025 and determination of the reward for the auditor.

Decision: to appoint “Potapoviča un Andersone” Ltd. as the auditor of the “SAF Tehnika” JSC for the financial year 2024/2025 and determine the maximum remuneration for the auditor of the Annual Reports for the financial year 2024/2025 in the amount of EUR 15’000 (fifteen thousand euros), excluding taxes set in the legislation. Authorize the Board of the Group to sign the contract with the elected auditor.

5. Approval of Management Board and Supervisory Council remuneration report

Decision: to approve the Management Board and Supervisory Council remuneration report for financial year 2023/2024.

6. Election of Supervisory Council

Decision: As of December 8, 2024, to recall from the position of member of the Supervisory Council - Juris Ziema, Andrejs Grisans, Ivars Senbergs, Aira Loite, Sanda Reiharde.

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 Reiharde, Aira Loite by fixing beginning of term of office on December 8, 2024.

About Supervisory Council candidates:

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 57 888 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 Reiharde - 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.

S.Reiharde owns 0 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. Tasking the Supervisory Council to fulfill the duties of the Audit Committee

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

8. Approval of Dividend policy

Decision: To approve the Dividend policy of the Group.

The Dividend policy is attached to this announcement as a separate document.

Attachments: 2024_SAF_Balsojuma veidlapa_Voting form_LV_EN

  Dividend Policy_SAF

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

In the first quarter of the financial year 2024/ 2025, the Group’s unaudited consolidated net turnover was 8.53 million which is an increase of 58% compared to the first quarter of the financial year 2023/2024. The Group closed the 1st quarter of the financial year 2024/2025 with profit of EUR 814 thousand (unaudited).

The turnover of the North and Latin America region amounted to 56%, or EUR 4.7 million. Compared to the same quarter of the previous financial year, the turnover increased by 51%.

The European region gave 39% of the turnover, or EUR 3.3 million, which is 1.2 times more than in the Q1 of the previous financial year.

During the reporting quarter, several projects were completed, the implementation of which had previously been temporarily suspended.

In the reporting quarter, the Group sold goods in 65 countries.

The Group’s expenses amount did not exceed that was planned in the budget. The Group continues to invest in new products and in the development of product modifications.

The Group closed the 1st quarter of the financial year 2024/2025 with profit of EUR 814 thousand (unaudited). The result of Q1 of the previous year was a loss of EUR 1.47 million.

To ensure liquidity, the Parent Company continues the Credit Line Agreement with Luminor Bank AS for the total amount of EUR 4.95 million. At the end of the reporting period, the credit line was not used.

Despite the modernization of the telecommunications market in the direction of fiber-optic communications, there is still a market demand for radio systems that provide enhanced data rates. Consequently, the Group continues to actively explore the market and problematic issues in order to be able to offer the necessary product modifications and create prototypes for next generation technologies. At the same time, the Group also develops IoT segment solutions in business and consumer segments to diversify, to create higher added value for SAF Tehnika product offering, as well as to increase the Group’s revenue.

The goal of the company is to stabilize the turnover level, which ensures a positive net result in the long run. The Board of SAF Tehnika remains cautious and refrains from providing specific sales and performance forecasts.

 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, which operates from Denver, CO, USA and serves the North American market and “SAF Tehnika Asia PTE” LTD in Singapore. 

         Additional information:
         Zane Jozepa
         CFO, Member of the Board
         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 4 December, 2024 at 10.00 AM (GMT +2H).

Agenda:

1. Approval of report of the Board of Directors and the Supervisory Council;
2. Approval of the annual report for the financial year 2023/2024 and release the Board of Directors from responsibility for financial year 2023/2024;
3. Taking a decision regarding distribution of FY 2023/2024 profit;
4. Appointment of the auditor for the financial year 2024/2025 and determination of reward for the auditor;
5. Approval of Management Board and Supervisory Council remuneration report;
6. Election of Supervisory Council;
7. Tasking the Supervisory Council to fulfill the duties of the Audit Committee;
8. Approval of dividend policy.

Shareholders and their representatives can submit draft decisions regarding the issues of the agenda to be discussed on the shareholders meeting until 11 November 2024 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 20 November 2024. 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 the day of 3 December 2024. 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 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 26 November 2024.

Registration of participants will take place at the venue on the day of the shareholders’ meeting – on 4 December 2024 from 9.30 a.m. until 10.00 a.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. 

The Board of “SAF Tehnika” JSC

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

Audited statements and Corporate Governance report of „SAF Tehnika” for financial year 2023/2024

Net turnover of the “SAF Tehnika” Group in the 2023/2024 financial year was 27.09 million euros, which is EUR 10.17 million or 27% less than in the previous financial year. The net turnover of the Parent company in FY 2023/2024 was EUR 23.26 million, which is EUR 8.78 million or 27% lower than in the previous FY 2022/2023. The Board of the Parent company proposes to keep the profit for the reporting year as retained earnings.

 “SAF Tehnika” publishes its audited consolidated and non-consolidated financial statements for financial year 2023/ 2024 (from July 1, 2023 - June 30, 2024) 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. The Group continues to actively research the market and identify key issues in order to propose necessary product modifications and develop prototypes for next-generation technologies. At the same time, the Group develops IoT solutions for both business and consumer segments, diversifying its product line, creating higher added value for SAF Tehnika product offerings, and increasing the Group’s revenue.

Exports made 96.53% of the turnover and amounted to EUR 26.14 million, the Group exported its products to 88 countries worldwide.

The largest drop in net turnover was observed in the Americas region, and there is not just one specific reason for this, but several factors. In one of the Group’s sales divisions, the implementation of several projects was temporarily suspended, and, due to intense competition, the initially planned sales prices for some projects had to be reduced. Furthermore, several key partners had already made warehouse purchases in the previous financial year, resulting in a decline in orders for 2023/2024.

The Group’s operations in previous years were impacted by the global shortage of various electronic components. By regularly reviewing procurement volumes and deadlines, the company accumulated material reserves (inventories) to be able to fulfil most of the orders within normal lead times.  During the financial year, delivery times have significantly improved. Following the precautionary principle, total provisions for slow-moving inventory (compared to the volume at the end of the previous financial year) increased by EUR 1.8 million.

During the reporting year, the Group invested EUR 1.29 million into IT infrastructure, production and research equipment, purchase of software and licenses, product certification, as well as in the renovation of premises.

The Group ended the financial year 2023/2024 with losses of EUR 2.37 million.

The Parent company’s financial result for FY 2023/2024 was a loss of EUR 1.34 million EUR.

The Group’s management assesses the loss situation for the reporting year as temporary. The Group continues to monitor potential cost increase forecasts and assess the associated risks. The Group will continue its chosen strategy of developing competitive wireless data transmission products and solutions for new export markets, focusing on strategic market niches in terms of both products and regions.

The Board of the Parent Company proposes to cover the losses from the reporting year with profits from previous years.

 Attachments:

Audited Consolidated financial statements and Separate financial statements for “SAF Tehnika” for the year ended June 30, 2024

Corporate Governance report for financial year 2023/ 2024

Remuneration Report for the year ended June 30, 2024

Zane Jozepa
CFO, Member of the Board
Zane.Jozepa@saftehnika.com

According to the agreement No. 17.1-1-L-2024/96 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 14-17, the company exhibited at "WISPAPALOOZA 2024" in Las Vegas, USA.

During the exhibition, SAF Tehnika presented the Integra, Spectrum Compact, and FreeMile product series. Visitors to the „SAF Tehnika” stand were mainly from different regions of the 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.

According to the agreement No. 17.1-1-L-2024/96 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 14-18, the company exhibited at "GITEX 2024" in Dubai.

During the exhibition, SAF Tehnika presented the Integra and Spectrum Compact product series. Visitors to the „SAF Tehnika” stand were mainly from different regions of the 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.

JSC “SAF Tehnika” 20.02.2024. signed an agreement No 17.1-1-L-2024/96  with the Investment and Development Agency of Latvia on receiving support for export assistance under the project “SME Innovative Business Development” co-financed by the European Regional Development Fund.

According to the agreement No. 17.1-1-L-2024/96 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 9-10, the company exhibited at " Smart Building Show 2024" in London.

During the „Smart Building Show," the Aranet product series was presented. Visitors to the „SAF Tehnika” stand were mainly from different regions of the UK.

„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.

JSC “SAF Tehnika” 20.02.2024. signed an agreement No 17.1-1-L-2024/96  with the Investment and Development Agency of Latvia on receiving support for export assistance under the project “SME Innovative Business Development” co-financed by the European Regional Development Fund.

According to the agreement No. 17.1-1-L-2024/96 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 1-4, the company exhibited at "Big Science Business Forum 2024" in Trieste, Italy.

The Aranet product series was presented during the Big Science Business Forum. Visitors to the SAF Tehnika stand were mainly representatives of Research Infrastructures and industry in Europe.

„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.

JSC “SAF Tehnika” 20.02.2024. signed an agreement No 17.1-1-L-2024/96  with the Investment and Development Agency of Latvia on receiving support for export assistance under the project “SME Innovative Business Development” co-financed by the European Regional Development Fund.

Latvijas Elektrisko un optisko iekārtu ražošanas nozares kompetences centrs

Projekts Nr. 5.1.1.2.i.0/1/22/A/CFLA/002

Pētījums 1.3. “Sensoru risinājuma un prognozējošo modeļu izstrāde optimālai ēku energoefektivitātes pārvaldībai”

AS “SAF TEHNIKA” sadarbībā ar Rīgas Tehnisko universitāti noslēdzošajā pētījuma “Sensoru risinājuma un prognozējošo modeļu izstrāde optimālai ēku energoefektivitātes pārvaldībai” posmā ir pārbaudījusi, aprobējusi un aprakstījusi sensoru skaita izvēles metodi, ļaujot samazināt kopējo ēkā uzstādāmo sensoru skaitu, kas nepieciešams arvien kvalitatīvām ēku termodinamiskās uzvedības prognozēm, neuzstādot sensorus katrā telpā. 

Lai noteiktu metodes pielietojuma efektus, veikti eksperimentāli prognozes precizitātes mērījumi izmantojot LSTM, GRU, LSTM-GRU un TCN modeļus un to kopīgi sniegto vidējo RMSE (Root Mean Square Error – saknes vidējā kvadrātiskā kļūda) vērtību. 

Metodes aprobācija veikta ar divām sensoru grupām:

• relatīvi vāji līdzīgie sensori.
• relatīvi izteikti līdzīgi sensori.

Sensori tika iedalīti grupās ar mērķi novērot to savstarpējās aizvietojamības atkarību no savstarpējās līdzības, t.i. - kā mainās prognozes precizitāte atkarībā no sensoru skaita un līdzības. Līdzības mēram izmantota DTW metrika, prognozes kļūdas novērtējumam - RMSE. 

Pētījuma rezultāts norāda uz pārliecinošu iespēju aizvietot vismaz 80% savstarpēji līdzīgāko sensoru, ja visi sensori ir relatīvi līdzīgi un vismaz 50% savstarpēji līdzīgāko sensoru, ja daļa no sensoriem ir salīdzinoši vāji līdzīgi. Šis secinājums ir nozīmīgs, jo potenciāli ļauj būtiski samazināt kopējo telpās uzstādāmo sensoru skaitu.  

Pētījuma rezultātā ir izstrādāta metode vai paņēmiens sensoru komplektam un izvietojumam, lai sensorus ar savstarpēji līdzīgiem rādītājiem aizvietotu, t.i. izslēgtu no sistēmas, šādi būtiski samazinot kopējo uzstādāmo sensoru skaitu. Metodes eksperimentālā aprobācija ir skaidri norādījusi uz minētās tēzes atbilstību praksei. 

Pētījuma rezultātā iegūta eksperimentu īstenošanas rezultātu datu kopa ar dažādiem modeļiem, modeļu konfigurācijām, sensoru konfigurācijām un darbības režīmiem. Pētījumā 70 Rīgas Tehniskās universitātes telpas ar dažādu pielietojumu, izmēru un plānojumu aprīkotas ar sensoriem, kopā veidojot 150 ar sensoriem aprīkotas telpas projekta vajadzībām. Izveidota sensoru sistēma un programmatūra, kas pielāgota konkrētas ēkas datu iegūšanai. Pētījuma ietvaros ir izstrādāts programmatūras modulis prognozējošu modeļu apmācībai un izmantošanai ar Aranet4 datu mākoni. Pētījuma rezultātā arī radīta datu kopa turpmāko pētījumu veikšanai un Latvijas zinātnes sabiedrības stiprināšanai.

AS “SAF Tehnika” piedalās Atveseļošanas fonda projektā Nr. 5.1.1.2.i.0/3/24/A/CFLA/005 „Latvijas Elektrotehnikas un elektronikas nozares klasteris”.

Projekta mērķis ir atbalstīt Latvijas Elektrotehnikas un elektronikas nozares klastera dalībnieku internacionalizāciju un palielināt privātos ieguldījumus pētniecībā un attīstībā.

Projekta īstenošanas termiņš līdz 30.06.2026

Vairāk par projektu www.letera.lv

In the fourth quarter of the financial year 2023/ 2024, the Group's unaudited consolidated net turnover was 5.9 million euros, which is a decrease of 31% compared to the 4th of the financial year 2022/2023. The Group closed the 4th quarter of the financial year 2023/2024 with losses of EUR 498 thousand (unaudited). The consolidated unaudited result of the financial year 2023/2024 is a loss of EUR 2.39 million.

The turnover of the North and Latin America region amounted to 68%, or EUR 4.1 million. Compared to the same quarter of the previous financial year, the turnover decreased by 34%.

The European region gave 25% of the turnover, or EUR 1.5 million, which is par 32% less than in Q4 of the previous financial year. The turnover in Asia, Africa and the Middle East region has increased compared to the corresponding quarter of the previous financial year, and accounts for 6% of the total quarterly turnover (or EUR 382 thousand).

Fluctuations in quarterly turnover are explained by the implementation of medium and long-term projects. Some of these projects will be implemented in the second half of 2024.

In the reporting quarter, the Group’s products were sold in 68 countries.

The Group’s expenditures did not exceed the planned volumes and were generally lower than in the same period a year earlier. This is due to lower sales, as well as planning and appropriate adjustment of related costs. At the same time, the Group still continues to invest in the development of new promising products and product modifications, and to promote sales in existing and emerging market segments.

The overall unaudited result of the financial year 2023/2024 is largely influenced by the provisions for slow-moving stocks – it has grown by EUR 1.8 million in the financial year (increased by EUR 250 thousand in the reporting quarter). In total, they amount to EUR 5.1 million on the company’s Balance sheet. Group’s operations were long affected by the global shortage of various electronic components, the company has accumulated material reserves during the previous periods to be able to fulfil most of the orders, ensuring short delivery times

In the 4th quarter EUR 238 thousand were invested in the acquisition of fixed assets.

Parent Company continues the Credit Line Agreement with Luminor Bank AS for the total amount of EUR 4.95 million. At the end of the reporting period, the use of the credit line was EUR 26 thousand, compared to EUR 1.2 million at the end of the previous year.

Although hostilities in Ukraine do not have a direct impact on the Group’s activities, the general uncertainty in the business environment remains. The Group continues to monitor forecasts of possible cost increases and assess potential risks. The company regularly reviews procurement volumes and deadlines, and continues to provide material reserves in order to be able to execute most of the orders in short delivery terms. This applies to all SAF product families – microwave links, spectrum analyzers and the Internet of Things (IoT). 

the Group continues to actively explore the market and problematic issues in order to be able to offer the necessary product modifications and create prototypes for next generation technologies. At the same time, the Group also develops IoT segment solutions in business and consumer segments to diversify, to create higher added value for SAF Tehnika product offering, as well as to increase the Group’s revenue.

The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term.

Attachments:
12M FY23_24_SAF_results ENG.pdf

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, which operates from Denver, CO, USA and serves the North American market and “SAF Tehnika Asia PTE” LTD in Singapore.

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

2024.gada jūlijā AS “SAF TEHNIKA” ir uzsākusi īstenot investīciju projektu ar mērķi samazināt vadītāju un darbinieku darba laiku, kas tiek izmantots projektu un uzdevumu vadībai, paaugstināt datu drošību un uzlabot datu pārvaldību.

Projekta ietvaros plānots sasniegt šādus rezultātus:

Ieviest vienotu projektu un uzdevumu vadības programmu, kas

• nodrošinās darba vidi produktu un programmatūras izstrādei, kā arī citiem pamatdarbības uzdevumiem;
• ļaus reģistrēt darba uzdevumus un kontrolēt to izpildi;
• ļaus pārvaldīt un analizēt darba procesa gaitu - darba uzdevumus, prioritātes, plūsmas, izpildes termiņus, izpildes statusus, problēmas un rezultātus;
• efektivizēs darba un resursu vadību, izmantojot AGILE, SCRUM un GANT diagrammas;
• sasaistīs darba uzdevumus un to izpildi ar GITLAB.
  
  

Uzstādīt infrastruktūru, kas nodrošinās augstu jaudu, drošību un skalējamību datu glabāšanai, nodrošinot piekļuvi datu krātuvei, tās pārvaldību, kā arī rezerves kopiju izveidi, lai novērstu datu zudumus.

Projekta līdzfinansējums tiek nodrošināts no Eiropas Savienības Atveseļošanas un noturības mehānisma līdzekļiem 49 700.00 EUR apmērā atbilstoši starp AS “SAF TEHNIKA” un Latvijas Investīciju un attīstības aģentūru (LIAA) 2024.gada 24.jūlijā noslēgtajam līgumam Nr. 17.2-5-L-2024/397.

Papildus informācija par šo atbalstu pieejama LIAA mājas lapā: https://www.liaa.gov.lv/lv/programmas/atbalsts-procesu-digitalizacijai

Projektu paredzēts īstenot līdz 2025.gada 23.martam.

Seoul, South Korea – May 29, 2024 – SAF Tehnika Asia, a subsidiary of SAF Tehnika, whose leading brand is Aranet, is pleased to announce the signing of a partnership agreement with Croft, an innovative startup specializing in AI-driven software for the horticulture industry. 

In the third quarter of the financial year 2023/ 2024, the Group's unaudited consolidated net turnover was 6.8 million euros, which is an increase of 3% compared to the 3rd of the financial year 2022/2023. The Group closed the 3rd quarter of the financial year 2023/2024 with losses of EUR 942 thousand (unaudited). The consolidated unaudited result of 9 months of the financial year 2023/2024 is a loss of EUR 1.89 million.

The turnover of the North and Latin America region amounted to 59%, or EUR 4 million. Compared to the same quarter of the previous financial year, the turnover decreased by 14%.

The European region gave 37% of the turnover, or EUR 2.5 million, which is 58% more than in the Q3 of the previous financial year. The turnover in Asia, Africa and the Middle East region has decreased compared to the corresponding quarter of the previous financial year, and accounts for 4% of the total quarterly turnover (or EUR 260 thousand).

In the reporting quarter, the Group’s products were sold in 75 countries.

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

The Group’s unaudited consolidated net turnover for 9 months of the financial year 2023/2024 was EUR 21.11 million, which is 26% less than the revenue volume in the last financial year.

The Group closed the 3rd quarter of the financial year 2023/2024 with losses of EUR 942 thousand (unaudited). The consolidated unaudited result of 9 months of the financial year 2023/2024 is a loss of EUR 1.89 million. The Group’s profit for the 9 months of the previous financial year 2022/2023 was EUR 2.59 million.

Since the Group’s operations were long affected by the global shortage of various electronic components, the company has accumulated material reserves during the previous periods to be able to fulfil most of the orders, ensuring short delivery times. Following the precautionary principle and the Group’s policy on slow-moving stocks, total provisions for slow-moving stocks in the 9 months of the financial year (compared to the volume at the end of the previous financial year) increased by EUR 1.6 million (increased by EUR 500 thousand in the reporting quarter), and total EUR 4.8 million.

In the 3rd quarter EUR 119 thousand were invested in the acquisition of fixed assets. 

Parent Company continues the Credit Line Agreement with Luminor Bank AS for the total amount of EUR 4.95 million. At the end of the reporting period, the use of the credit line was EUR 463 thousand.

Although hostilities in Ukraine do not have a direct impact on the Group’s activities, the general uncertainty in the business environment remains. The Group continues to monitor forecasts of possible cost increases and assess potential risks. The company regularly reviews procurement volumes and deadlines, and continues to provide material reserves in order to be able to execute most of the orders in short delivery terms. This applies to all SAF product families – microwave links, spectrum analyzers and the Internet of Things (IoT).  

the Group continues to actively explore the market and problematic issues in order to be able to offer the necessary product modifications and create prototypes for next generation technologies. At the same time, the Group also develops IoT segment solutions in business and consumer segments to diversify, to create higher added value for SAF Tehnika product offering, as well as to increase the Group’s revenue. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. 

Attachments: 9M FY23_24_SAF_results ENG.pdf

 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, which operates from Denver, CO, USA and serves the North American market and “SAF Tehnika Asia PTE” LTD in Singapore.

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

SAF Tehnika supported the “RoboBattle 48” robotics hackathon, which took place from May 10 to 12, 2024. The event was organized by robotics enthusiasts in collaboration with the Science and Innovation Center of Riga Technical University and the Design Factory department of the Science and Innovation Center; it was implemented in cooperation with key partners such as the Latvian Electrical Engineering and Electronics Industry Association (LETERA), “Latvijas Finieris”, “Ye International”, “RS Delivers Latvia”, and “NULE”.

The hackathon, hosted at the RTU Science and Innovation Center, drew dozens of students, researchers, and startup representatives for a 48-hour robot-building competition. 

“Last year, while participating in the Robotics and Electronics Day and discussing with like-minded individuals, we came to the conclusion that Latvian robotics competitions needed a new impulse,” says Gundars Miezītis, organizer of the “RoboBattle 48” robotics hackathon. “That’s how the idea for combat robot competitions, which are exciting and draw viewer attention, came about.” Miezītis adds: “The dynamic nature of the battles not only promotes the development of technical solutions but also encourages creative thinking, as even a strong opponent is not enough with mere agility. The interest in such battles also inspired others to build their own robots.” “By choosing the hackathon format, we were able to quickly create new robots – within 48 hours, ten new robots appeared in Latvia,” continues Miezītis. “During the preparation for the hackathon, basic electronics and software were developed, which are now available to anyone interested in building their own robot.” 

Watch short video recap of the event

SAF Tehnika enhanced the event with their Aranet brand products, providing essential air quality monitoring with CO2 and particulate matter (PM) sensors, promoting an optimal environment for the concentration and well-being of all participants. 

Normunds Bergs, Chairman of the Board at SAF Tehnika, emphasized the company’s commitment to education in science, technology, engineering, and mathematics (STEM). “Supporting RTU and these young technologists aligns perfectly with our goals. Events like ‘RoboBattle 48’ not only foster STEM skills but also promote competitive spirit and excitement among the youth,” Bergs stated. He also highlighted the company’s efforts to maintain optimal conditions for cognitive performance by monitoring air quality throughout the event. 

The event concluded with the announcement of the hackathon winners: 1st place – robot “VIPER”; 2nd place – robot “SHREDDER”; 3rd place – robot “Leonardo”, who received valuable prizes from the event supporters. The robots created by the winning teams were recognized for their innovation and creativity.  

In addition to the main competition, the jury evaluated the participants in four separate categories before the event started, awarding prizes for the Most Beautiful Robot, won by “Banana”; the Most Original Weapon, obtained by “Leonardo”; the Most Technically Outstanding Robot, in which “GLast” triumphed; and the Recycling King, clinched by “BestAgons”.

SAF Tehnika invites everyone to the upcoming Robotics and Electronics Dayon May 18, 2024, which will also include the 16th stage of the Latvian Robotics Championship. 

SAF Tehnika is proud to support youth education and development through high-quality, innovative solutions from the Aranet brand. We look forward to continuing our support at future events. 

About SAF Tehnika 
SAF Tehnika is one of the leading telecommunications equipment manufacturers in Latvia, operating in more than 130 countries worldwide. The company’s Aranet product range includes wireless sensor solutions for air quality monitoring. 

SAF decided to quantify the actual improvement of backing up high-capacity E-band link with a lower frequency band which is more resistant to rain fading. This came along with long-term testing of our native dual-band solution. The description of this venture is presented in this article.

Multiband or multicarrier backhaul links combine multiple channels at different frequency bands over a single radio hop to boost reliability and capacity. Increasing demand for such deployments is directly related to 5G infrastructure development in many parts of the world. 5G is being implemented in dense urban areas, as well as in suburbs. Traffic requirements pushed the limits for the existing traditional microwave links like 11 or 18 GHz. Thus, adding E-band with its wide channels was an optimal choice, backed up by the lower frequencies also available during heavy rainfalls.

SAF Tehnika has tested their own dual-band solution, combining 18 and 80 GHz on a single antenna (see figure 1). The test link was 2.33 km long and endured multipath and rain fading events over the course of 6 months from July to December. The precipitation intensity in the area of operation is estimated by ITU rain rate database as 26 mm/hr exceeded for 0.01% of time (also known as ITU Region E).

Fig. 1 Dual-band antenna combining Integra-X (18 GHz) and Integra-E2 (80 GHz) radios.

Antenna alignment didn`t occur without hiccups. While it was relatively easy to obtain theoretical level of the 18 GHz signal, the E-band caused some difficulties due to narrow antenna half-power beamwidth. Initially obtained signal was far from the theory, which appeared to be because of alignment towards a sidelobe. Patience during antenna sweeps by small angle increments allowed to eventually reach the main lobe with acceptable signal levels within 3 dB field margin. Please refer to the main radio parameters of both systems summarized in table 1.

Weather report has been also recorded during that period to make additional conclusions about different atmospheric conditions affecting each of the bands. For instance, the effect of heavy fog was noted in the case of both frequencies, although to a different extent: while causing only slight received signal degradation by 2-3 dB in 18 GHz, the 80 GHz signal was attenuated by 9-10 dB from the average value.

Collecting performance data and further analysis allowed to compare availability of each band`s individual throughput with the aggregated throughput of both. Data for a period of six months was extrapolated to annual figures which resulted in the graph (see figure 2) explicitly showing the improvement in terms of throughout availability of the dual-band solution. Including more robust 18 GHz, providing more than 2 Gbps with high availability (>99.99% annually), the dual-band was capable of delivering more than 12 Gbps of aggregated throughput for over 99.9% of the time.

Fig. 2 Annual availability versus throughput.

Summing up the test results, it looks like the most obvious conclusion lies on the surface – a multiband system allows to increase available throughput by using the benefit of high-capacity rates at 80 GHz band and reliable performance of lower frequency bands during rain fading events. However, some other practical lessons have been learned during this case study including paying attention to the specifics of the dual-band antenna alignment. Moreover, using collected data, other relations could be noticed, and conclusions could be drawn. For example, comparing experimental availability results to the ones obtained with sophisticated software tools, e.g., “Pathloss” utilizing different ITU algorithms.

JSC “SAF Tehnika” 02.20.2024  signed an agreement No 17.1-1-L-2024/96  with the Investment and Development Agency of Latvia on receiving support for export assistance under the project “SME Innovative Business Development” co-financed by the European Regional Development Fund. 

AS "SAF TEHNIKA" has finished implementation of Project Nr. NP-2021/4 “Introduction of a new cloud computing service to expand data analytics capabilities of IoT sensors and ensure continuity of service (SAF Aranet Cloud Analytic)”.

In the period from 16.11.2023 to 29.02.2024, all the remaining works related to the testing of the new service in the installed infrastructure have been carried out. Also, testing of the information system, which will ensure expanded possibilities for receiving data, has been successfully completed.

As a result of the implementation of the project, 4 new jobs have been created, as well as the employment of 3 persons with the status of disadvantaged workers has been ensured.

AS "SAF TEHNIKA" thanks everyone involved in the implementation of the Project for its successful relaization.

Link to support provider: https://eeagrants.lv/

In the second quarter of the financial year 2023/2024, the Group’s unaudited consolidated net turnover was 8.9 million euros, which is by 15% less compared to the second quarter of the financial year 2022/2023. The Group closed the 2nd quarter of the financial year 2023/2024 with a profit of EUR 523 thousand (unaudited). The consolidated unaudited result of 6 months of the financial year 2023/2024 is a loss of EUR 950 thousand.

The turnover of the North and Latin America region amounted to 60%, or EUR 5.37 million. Compared to the same quarter of the previous financial year, the turnover decreased by 34%. 

The European region gave 34% of the turnover, or EUR 3.1 million, which is 42% more than in the Q2 of the previous financial year. The turnover in Asia, Africa and the Middle East region increased compared to the corresponding quarter of the previous financial year, but accounts for 5% of the total quarterly turnover (or EUR 483 thousand). Total turnover fluctuations over the period are the result of projects of different scales.

In the reporting quarter, the Group’s products were sold in 71 countries.

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 Group’s unaudited consolidated net turnover for 6 months of the financial year 2023/2024 was EUR 14.31 million, which is 35% less than the revenue volume in the last financial year.

The Group closed the 2nd quarter of the financial year 2023/2024 with a profit of EUR 523 thousand (unaudited). The consolidated unaudited result of 6 months of the financial year 2023/2024 is a loss of EUR 950 thousand. The Group’s profit for the 6 months of the previous financial year 2022/2023 was EUR 3.56 million.

The Group’s operations were long affected by the global shortage of various electronic components. By regularly reviewing procurement volumes and deadlines, the company accumulated material reserves (inventories) to be able to fulfil most of the orders within normal lead times. Following the precautionary principle and the Group’s policy on slow-moving stocks, total provisions for slow-moving stocks in the 6 months of the financial year (compared to the volume at the end of the previous financial year) increased by EUR 1.1 million and account for EUR 4.3 million.

In the 2nd quarter EUR 308 thousand were invested in the acquisition of fixed assets. 

Parent Company continues the Credit Line Agreement with Luminor Bank AS for the total amount of EUR 4.95 million. At the end of the reporting period, the use of the credit line was EUR 2 million.

Although hostilities in Ukraine do not have a direct impact on the Group’s activities, the general uncertainty in the business environment remains. The Group continues to monitor forecasts of possible cost increases and assess potential risks. The company regularly reviews procurement volumes and deadlines, and continues to provide material reserves in order to be able to execute most of the orders in short delivery terms. This applies to all SAF product families – microwave links, spectrum analyzers and the Internet of Things (IoT). 

the Group continues to actively explore the market and problematic issues in order to be able to offer the necessary product modifications and create prototypes for next generation technologies. At the same time, the Group also develops IoT segment solutions in business and consumer segments to diversify, to create higher added value for SAF Tehnika product offering, as well as to increase the Group’s revenue. The goal of the Company is to stabilize sales levels to ensure a positive net result in the long term. 

Attachment: 6M FY23_24_SAF_results ENG 1.pdf

 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, which operates from Denver, CO, USA and serves the North American market and “SAF Tehnika Asia PTE” LTD in Singapore.

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