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on AT&S Austria Technologie & Systemtechnik AG (ETR:AUS)

AT&S Ventures into Defense Sector Amid Global Uncertainty

Stock price chart of AT&S Austria Technologie & Systemtechnik AG (EBR:AUS) showing fluctuations.

In response to increasing geopolitical tension, AT&S Austria Technologie & Systemtechnik AG is diversifying its operations to include the defense sector. Known globally for its high-end IC substrates and printed circuit boards, the company is emphasizing its commitment to security and social responsibility. This strategic expansion will be managed from its facility in Leoben, Austria.

AT&S aims for long-term planning stability and independence from economic fluctuations through this venture. The infrastructure in Leoben is being evaluated for required updates to adhere to defense production standards. Revenue expectations are set in the mid-double-digit million Euro range annually.

Focused on ESG compliance, AT&S commits to legal adherence to Austrian and EU regulations. The company sees potential in using its technology expertise for both civilian and defense applications, aiming to bolster stability and security in Europe.

R. E.

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