Good for Business, Investments, Latvia, Technology

The new enterprise base its success on entrepreneurs team with excellent experience in starting-up and developing electronics company, as well on co owner’s – LC-TEC AB (Sweden) long term experience and contacts in production and R&D of liquid crystal displays. Potential company’s customers are industrial and medicine equipment producers and sellers of EU countries, USA and Japan, which uses liquid crystal, displays elements as parts for their products. As most demanded liquid crystal display application today stereoscopic and volumetric 3D video projection equipment can be mentioned.

“We are delighted for the opportunity to finance development of new enterprise, which competitive advantage is based on world class technology, partners patented products and new product development opportunity. We are also happy to provide new vacancies in global sales based company and to create additional motivation for young students to study engineer sciences,” said BC Peteris Treimanis, Investment Director at BaltCap.

As an answer to the question about choosing Latvia as the country and BaltCap as cooperation partners, Ǻke Hornell, Chairman of the company’s Board stated “My main reason for choosing Latvia for this establishment was the good experience from starting the electronics manufacturing business, Hansa Electronics. In this venture we have had a good cooperation with BaltCap and it was natural to seek contact with BaltCap also for the new LCD venture.”

“Decision to establish the company in Latvia is very important step for development of know-how based economy, since it creates opportunity for engineers’ intelligence to participate one of the world hi-tech development streams. It is also very important for our potential customers, that we are part of European Union and are able to provide security on both – their intellectual property and patented technology solutions,” added Ilmars Osmanis, Member of the EUROLCDS Board.