Shares Outstanding: 29,799,810
MONTREAL, June 4, 2012 /CNW Telbec/ - Clemex Technologies Inc. (TSXV:
CXG.A) announces it has received the TSX Exchange approval and has
finalized a $1,044,000 Private Placement with a Strategic German
partner Zwick/Roell AG of ULM, Germany. Clemex issued 5,800,000 new
common shares at $0.18 per share in consideration of the investment and
therefore, Zwick/Roell will hold 19.46% of the total outstanding common
shares of Clemex with this transaction. New shares are subject to a
four month and one day hold period.
Zwick/Roell Group who has been a customer of Clemex for the past three
years account for about 5% of Clemex's total sales. These new funds
will be used to finalize the development of new instruments by Clemex
and begin the commercial launching of our products in the Life Sciences
Following the conclusion of the transaction, President and CEO of Clemex
Technologies Inc. declared: "We are extremely honored that Zwick/Roell
decided to invest in the Corporation. This investment reflects the
confidence and satisfaction they have in our products, and in our
capacity to design and manufacture even more instruments in the future.
Clemex and Zwick have had a very successful business relation in the
last few years, particularly with our MicroHardness test software
through their Hardness division, Indentec, located in the UK. We now
foresee new relationship as both companies have common interests in
other Clemex products." He continued: "Zwick Roell is not only a good
customer of Clemex, but they are the largest Physical Test equipment
manufacturer in the world, with a worldwide distribution network.
Already, some dealers have been identified as both Zwick Roell and
Clemex Dealers, more specifically in Asia. We believe that this can
only be beneficial to both companies on an International market."
Dr Stefan Roell, President and CEO of Zwick/Roell AG pursued:" Zwick is
also very satisfied with the investment in Clemex's shareholding. We
have had good business relations with them for three years now and we
have learned to appreciate the staff and Corporation's business model
to the point that we want to be part of their future. We have sent our
IT Team to run a Software Due Diligence and the findings concluded that
Clemex software is up to its worldwide reputation, being an excellent
image analysis software for materials testing application, and this
criterion fits precisely in our philosophy of business."
About Zwick/Roell AG, (www.zwick.com)
For over 150 years the name of Zwick Roell has stood for outstanding
technical expertise, innovation, quality and reliability in materials
and component testing. Our customers' confidence in us is reflected in
our position as world-leaders in static testing and the significant
growth we are experiencing in fatigue strength testing systems. The
figures tell the same story: in the 2010 financial year the company
achieved a turnover of €130m.
With innovative product development, a comprehensive range and worldwide
service, this family concern supplies tailor-made solutions for the
most demanding research and development and quality assurance
requirements in over 20 industries. With over 900 employees, a
production facility in Ulm, Germany, additional facilities in America
and Asia plus agencies in 56 countries worldwide, the Zwick brand name
guarantees the highest product and service quality.
About Clemex Technologies, Inc. (www.clemex.com)
Clemex Technologies Inc. develops, manufactures and markets image
analysis systems and software used by quality control and research
microscopy laboratories. Clemex customer base spans over many
countries in America, Europe, Asia and encompasses major Research and
Development Centers, prestigious Universities and large manufacturing
industries in various fields including healthcare, automotive,
aerospace, raw materials manufacturing, pharmaceuticals, mining and
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this news release.
SOURCE CLEMEX TECHNOLOGIES INC.
For further information:
Clemex Technologies Inc,
Longueuil, QC, Canada J4G 1T5,