OrganoClick has signed a reseller agreement with Stadium for OrganoTex®. Under the agreement,
"We will finally after 6 year's of collaboration with Nyarp, the biggest manufacturer of burial coffins in the Nordics, launch an eco-coffin produced with our biocomposite and our new fiber moulding technology. This has been a long project with several challenges that has been solved along the way. The project has included both advanced material development and development and construction of completely new production technology. Now, it is finally done and the 22nd of April a preview of the coffin took place at the Swedish funeral homes annual meeting."
Translation from CEO Mårten Hellbergs comments to the Interim Report.
Q1, 1 Jan – 31 March 2016
The group compared with 2015
» The groups net revenue amounted to SEK 6.55 million (5.31)
» The result before tax amounted to SEK -7.98 million (-5.97)
The complete version of the Interim Report (in Swedish) is attached in this press release and is available on the companys´ homepage. The informationen in this Interim Report is according to the rules at Nasdaq First North.
For more information, please contact; Mårten Hellberg, CEO OrganoClick
Phone: +46 8 684 001 10
OrganoClick AB (publ) is a Swedish cleantech company listed on Nasdaq First North that develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the water repellent fabric treatment OrganoTex®, the flame and rot timber protectant OrganoWood® (through the subsidiary company OrganoWood AB) and biobased binders for non-woven materials. OrganoClick was founded in 2006 as a commercial spinoff company based on academic research examining the modification of biofibers performed at Stockholm University and the Swedish University of Agricultural Sciences. OrganoClick has won several prizes and has been designated “Sweden's most promising start-up company”, Sweden's best environmental innovation and has appeared on the Affärsvärldens och NyTekniks top 33 list of “Sweden's hottest technology companies”. The company has also received a number of awards, such as The Worldwide Fund for Nature (WWF) “Climate Solver” award. OrganoClick’s headquarters are in Täby, north of Stockholm, where the company's production, R&D, sales and marketing departments are located. OrganoClick's Certified Adviser on Nasdaq First North is Erik Penser Bank.