HTI High Tech Industries AG Auditor Raises 'Going Concern' Doubt

HTI High Tech Industries AG (HTI) is an Austria-based industrial holding company active in the construction technology. It is engaged primarily in the filed of aluminum pressure die casting. It reports one segment: Lightweight Construction, which comprises the manufacture of lightweight components of aluminum and composite parts for vehicles, commercial trucks and aircrafts, alternators for ships and diesel electric locomotives as well as Ground Power Units (GPUs), supplying parking aircrafts with energy. The Company has four production plants in Austria and Slovakia and a number of subsidiaries in Austria, Slovakia, Romania and Germany, as well as holds interests in a joint venture in Romania. It operates as a development partner for the automotive, commercial truck and aviation industry.