According to the consolidated and individual financial statements, revenue of ParTec AG increased by around 165 per cent from EUR 36.1 million to EUR 95.7 million.
Munich, 21 February 2024: ParTec AG has spun off its patent protection rights to its wholly owned subsidiary FL Systems AG & Co KG as of 21 December 2023 and had them valued by independent auditors specialising in the valuation of intangible assets with the assistance of independent patent law firms. According to the valuation reports now available, the value of the approximately 150 patents a
ParTec AG, German is one of the most successful newcomers on the Frankfurt trading floor with its IPO completed in July 2023 and yesterday received the IPO Award of Deutsche Börse Group and Weimar Media Group in the category "Smallcap IPO" at the Städel Museum in Frankfurt, Germany.
Revenues increased to 52.1 million euros in the first half of the year. Earnings before interest and taxes amounted to 19.4 million euros.
ParTec AG makes an extraordinary impact with its highly anticipated stock market listing on the Scale segment of the Frankfurt Stock Exchange.
ParTec AG specialises in the development and manufacture of AI supercomputers based on its modular high-performance computing (HPC) systems and quantum computers (QC) as well as the associated system software. The offering also includes consulting and support services in all areas of the development, construction and operation of these modern systems. The concept of dynamic modular system architecture (dMSA) is the result of more than ten years of research and was developed by ParTec as a novel system design for massively parallel high computing systems. The dMSA and the underlying ParaStation Modulo Software Suite, which was developed and is maintained by ParTec, have proven to be particularly suitable for the complex requirements of massive computing power in artificial intelligence. Further information about the company and ParTec AG's innovative solutions in the field of high-performance computing and quantum computing can be found at www.par-tec.com.
