In early 2018, Serstech set the goals to reach 20 signed distribution partner agreements in 2018 and 60 in 2019. Today, Serstech signed its 60th partner agreement and has thereby established access to the vast majority of security buyers in the world.

Most of the public tenders in the security industry are not made fully public and are typically distributed only to trusted and established local suppliers. In addition, tenders are often written to benefit a certain product and with local partners in place, future tenders can now be influenced in favor of Serstech. Having local partners in prioritized markets is therefore a prerequisite to successful sales in the security industry.

 "We are happy to have achieved this important milestone within a relatively short time-frame. The complete business foundation is now in place and, as a result, we see a rapidly increasing interest in our solutions", says Stefan Sandor, Serstech CEO.

For further information, please contact:

Stefan Sandor,
CEO, Serstech AB
tel: +46 739 606067
email: ss@serstech.com

Thomas Pileby,
Chairman of the Board, Serstech AB
tel: +46 702 072643
email: tp@serstech.com

Company website: www.serstech.com

This is information that Serstech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above at 11.00 CET on May 15, 2019.
Certified advisor to Serstech is Västra Hamnen Corporate Finance AB, phone: 040-20 02 50, e-mail: ca@vhcorp.se.

About Serstech
Serstech delivers solutions for chemical identifications and has customers across the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and United Nations. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech's solution. Serstech is traded at Nasdaq First North and you find more information about the company at: www.serstech.com.


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Source: SERSTECH AB via Globenewswire