Mar 28, 2006
Decisions of VTI Technologies Oy's Annual General Meeting
VTI Technologies Oy's Annual General Meeting on 8 March 2006 made the following decisions.
It was resolved to transfer the loss for the financial period to the accumulated profit/loss account.
VTI Technologies Oy
Board of Directors
The company is the market leader in low-g acceleration sensors with over 50% global market share in the automotive industry. VTI's strong market position is based on a good technology basis, innovative products and excellent reliability and performance.
VTI is owned by EQT III private equity fund. VTI's net sales in 2005 totaled 75 million euro and the company had approximately 800 employees. VTI's core activities are located in Finland. The company's international sales and marketing network includes sales offices in Germany, USA, China and Japan. Besides Vantaa, Finland, VTI also has manufacturing operations in Mexico.
Adoption of the profit and loss statement and balance sheet and disposition of the loss
It was resolved that the Annual Accounts showing Consolidated net loss of 1.108 thousand euros and net loss of the parent company 319.613,36 for the period between January 1 and December 31, 2005 to be approved and that the loss of the parent company 319.613,36 EUR be disposed of in accordance with the proposal of the Board of Directors.It was resolved to transfer the loss for the financial period to the accumulated profit/loss account.
Discharge from the liability of the members of the board of directors and the managing director
It was resolved that the members of the Board of Directors and the Managing Director be discharged from the liability for the financial period between January 1 and December 31, 2005.Election of the auditors and their remuneration
It was resolved to re-elect PricewaterhouseCoppers Oy to company's auditor represented by Kari Lydman as main accountable auditor. It was resolved to pay to the auditor according to their invoiced fee.Election of the Board of Directors
It was resolved to appoint six ordinary members and one deputy board member. It was resolved to elect Tuomo Lähdesmäki, Hasse Johansson, Thomas von Koch, Juha Lindfors, Dr. Peter Grafoner and Kurt Hellström as ordinary members of the Board of Directors. Joonas Kettunen was elected as a deputy member of the Board of Directors.VTI Technologies Oy
Board of Directors
More information
Tiina Hansson, Vice President, Corporate Communications, VTI Technologies Oy, tel. +358 9 8791 8240, mobile +358 40 827 8844.VTI in brief
VTI Technologies is a forerunner in motion and pressure sensors and the world's leading designer and producer of acceleration sensors in the automotive industry. VTI develops and produces silicon-based capacitive sensors with unique 3D-MEMS (MicroElectroMechanical System) technology, with application areas in acceleration, inclination, shock, vibration, angular rate and pressure measurement.The company is the market leader in low-g acceleration sensors with over 50% global market share in the automotive industry. VTI's strong market position is based on a good technology basis, innovative products and excellent reliability and performance.
VTI is owned by EQT III private equity fund. VTI's net sales in 2005 totaled 75 million euro and the company had approximately 800 employees. VTI's core activities are located in Finland. The company's international sales and marketing network includes sales offices in Germany, USA, China and Japan. Besides Vantaa, Finland, VTI also has manufacturing operations in Mexico.