Symbol: CXG.A-TSX-V
www.clemex.com
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 markets.
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 other sectors.
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.