Letter from the CEO, 2019
During 2018 Unitronics (1989)(R”G) Ltd. (“Unitronics“) started a spin-off process which has just recently completed, of its automated solutions segment (comprising the development, construction and maintenance of autonomous parking facilities as well as the construction of automated logistics centers through the Company and the subsidiary Unitronics Automated Solutions Ltd.) to the fellow subsidiary Utron Ltd. (“Utron”) and the listing of the securities of Utron. Trading in shares of Utron has begun on March 14, 2019, and anyone who on March 10, 2019 held one share of Unitronics (provided they did not purchase the share on that day), received, in the framework of the spinoff, in addition to the Unitronics share held by them, one share of Utron.
The spin- off of the automated solutions segment to Utron will enable its management to focus on the U.S. market, strengthening its position as a market leader, as well as establishing strategic partnerships, positioning the company in the capital market as a leading technology growth company, and raising capital (if needed) for growth acceleration.
During the past six months we signed agreements for automated parking lots and automated warehouses projects in total of NIS 190 million, that demonstrates the increasing demand for our advanced robotic systems and the recognition of the competitive advantage of the company’s technology and the quality of its products.
Haim Shani, CEO