CAMAR APS

Financial review

The company's income statement for the year ended 31. august 2023 shows a loss of DKK 2.321.405, and the balance sheet at 31 August 2023 shows negative equity of DKK 5.469.559.

Our mission is to improve the operation of touchscreens / panels in industries where safety and availability are critical parameters. Based on our patented technology platform, we will continuously develop new and innovative methods for generating haptic feedback, which can help to accelerate the spread as well as the use of intuitive touchscreens / panels and thereby contribute to increasing safety and operating comfort in situations, where operating touchscreens / panels can lead to a lack of attention to the primary activity.

The following measures are planned in 2024 as part of the transfer process:

Decisions and Agreements…

The company acquired all assets and IP rights from ID2ME A/S , and during the liquidation of ID2ME A/S made an additional undertaking to provide 3,900,000 DK to the Vaekstfonden (The Danish Growth Fund). Vaekstfonden is an independent public company owned by the Danish state. The fund provides financing to Danish companies by investing in venture and small cap buyout funds as well as directly in companies.

As part of this deal the company has per August 31 2020, committed to pay an annual salary of DKK 456,000 to Christina Agger as director of Camar when cash flow allows. A salary of 38,000 per month was agreed in 2020.

As security for balances with the growth fund, a company mortgage of DKK 5,000,000 has been issued.