Press release from RATMO FZE:
RATMO FZE serves as the exclusive distributor for the Middle East, India and Africa region, offering the innovative RATMO smart rodent device developed by Arctic Systems ApS based in Denmark.
The 2022 Annual Report released by Arctic Systems ApS reflects a financial loss in the millions. Both auditors and some stakeholders have expressed concerns about an unauthorised capital increase, posing potential risks such as negative equity and the continued viability of Arctic Systems ApS as a going concern.
For several months, we have sought an official statement from the leadership of Arctic Systems ApS, yet as of now, no response has been received.
In multiple countries , we have unfortunately encountered challenges related to connectivity issues and significant battery consumption, and these issues persist without resolution.
At RATMO FZE, we experience a substantial demand for the RATMO device; however, we regretfully had to cancel orders for several thousand devices because Arctic Systems ApS did not fulfill our orders.
In order to safeguard both our existing and new customers from potential technical and/or warranty issues, the ownership of RATMO FZE has opted to temporarily halt the sales of the RATMO device until further notice.
We apologize sincerely for any inconvenience caused and will ensure to keep you informed with updates.
On behalf of RATMO FZE,
Jan Holm Pedersen
Director