va-Q-tec approves bond issue with total volume of CHF 20 to CHF 25 million - Seite 2

va-Q-tec published its results for the first three quarters of 2020 on 6 November 2020, including reporting on significant year-on-year revenue growth of +13%. Moreover, va-Q-tec has already been preparing since the summer for a large number of vaccine transports. The vaccines require constant temperatures of up to -70 degrees Celsius during transport. va-Q-tec transport containers and boxes ensure the temperature of the vaccines for up to 200 hours, including under extreme and fluctuating external temperatures, and independent of expensive and often insecure external energy supply. For this reason, over the coming months va-Q-tec will significantly increase its existing container fleet, not only for the planned transport of CoVid-19 vaccines but also for further growth expected in other business areas. To this end, additional investments will be realized in the technical infrastructure of the Group's own worldwide TempChain network. Two new TempChain Service Centers were opened in September, in Kansas and Glasgow. Four further stations on three continents will follow in the next few months.

Just last week, va-Q-tec announced the successful arrangement of a comprehensive agreement with one of the world's largest pharmaceutical companies for the international distribution of a coronavirus vaccine. As part of the related heads of terms agreement, it has been arranged with the partner that, subject to approval, the worldwide, large-volume distribution of its vaccines deploying va-Q-tec's innovative transport solutions is to start in the first quarter of 2021. The order volume comprises several thousand high-performance transport containers. The parties intend to conclude a final agreement on the total volume of the partnership on the basis of the heads of terms agreement.

va-Q-tec aims to utilize the net proceeds from the bond for further investments in its container and box fleets, the refinancing of its existing financial liabilities, and for general financing purposes.

The final terms of the bond (issue amount and coupon) will be determined and communicated by 24 November 2020 at the latest, following a bookbuilding process, and on the basis of demand and general market conditions.


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va-Q-tec AG
Felix Rau
Tel.: [phone] - 2973
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