Stockholm, February 20, 2012 — NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in AVTECH Sweden AB (AVT B) shares will commence today on First North at NASDAQ OMX Stockholm. AVTECH belongs to the Technology sector and is the first company to be admitted to trading on First North in 2012.
AVTECH develops products and services for digital air traffic control management. Customers include the global aviation industry stakeholders such as airlines, airports and airplane manufacturers. By using AVTECH's products and services an individual flight or the entire flight operation may be optimized in terms of cost-efficiency, noise and emissions, punctuality and safety. For more information visit http://avtech.aero/.
Jenny Rosberg, Senior Vice President at NASDAQ OMX said, “We are excited to welcome this year’s first listing at First North, where we experienced a strong inflow of companies in 2011 in spite of turbulent markets. AVTECH operates in a market with tremendous growth potential and will make a great addition to our Nordic and international members looking for investment opportunities in the Technology sector.”
David Alvord, CEO at AVTECH commented, “Our listing today at NASDAQ OMX First North marks an important stepping stone for AVTECH and will act to increase confidence among our potential customers and partners. We look forward to leveraging our listing in order to expand the ownership of AVTECH to an international investor audience and thus support continued expansion of our operations.”
AVTECH Sweden AB has appointed Thenberg & Kinde as Certified Adviser.
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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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