First quarter report released

Today, May 16, 2018 AcouSort released its Q1-2018 financial report. Link to the full report may be found here: Q1 2018

Highlights from the report are:

First three months (2018-01-01 to 2018-03-31)

(Amounts in parenthesis reflect same period 2017)

Highlights from the Quarter include:

In January 2018, AcouSort acquired the full ownership of a joint patent application with DTU. The invention is based on development work done in Professor Henrik Bruus’ research group and describes a new approach to design and drive polymer-based acoustofluidics devices.
In February 2018 the CE-mark of the AcouTrap system was awarded
The AcouSort Board decided on March 5, 2018 – and later approved at the Extraordinary General Meeting held March 21 – to issue a rights issue of no more than 2 504 166 shares. The rights issue was subscribed 125% and provided AcouSort an additional liquidity of approximately SEK 22.5 million before issue costs. The issue was secured to about 54 percent through subscription agreements.
During Q1, the first prototype of AcouSort’s AcouWash system was delivered and successfully installed at National Institute of Health (NIH) in Maryland, USA.