The loss of the main customer has completely changed the situation at TCU. In the context of the originally planned merger, the main customer was to be the basis for a gradual expansion of business activities. Now it is necessary to secure the continuity of the company through immediate measures.
The future CEO Daniel Settgast explains:
"According to my current knowledge, the company is neither over-indebted nor insolvent. To ensure that it remains so, we must immediately focus on acquiring new customers. We are aiming to convert the termination without notice of the old customer into a termination on March 31, 2021. This would give us 3 months.
At the same time, the time has come to say goodbye to consumer electronics and to stop further development of the TeleFairy. TCU's focus from now on shall be in the area of Cyber Security, specifically in the area of secure data storage and transfer. Various software solutions developed by TCU can play an important role here.
We will present a detailed concept at the Annual General Meeting to be convened shortly."
TC Unterhaltungselektronik AG
Im Kimmelberg 2-4
|Contact Person:||Petra Bauersachs|
|Phone:||+49 172 6584139|
|Stock Exchange(s):||Regulated Market in Frankfurt; Free Market in Stuttgart|