PiezoMotor: Corona Update

Redeye adjusts its view and valuation range for PiezoMotor after recent market events and the pandemic outbreak of COVID-19. Given the company’s global reach, we believe that the shutdown of activity around the world will affect the company’s growth prospects going forward. However, we are still convinced that the underlying trends of motorization and miniaturization are largely unaffected. Hence, PiezoMotor should still have attractive market opportunities going forward..