"The second quarter was the most uncertain quarter we have ever entered as a listed company. We did
Today PFAS are present in significant amounts in surface water in many places all over Sweden. Recently, PFAS has been suggested to be the next environmental threat in the same magnitude as PCB or DDT. PFAS have been used for decades in a wide range of applications such as firefighting foams, textile impregnation, food packaging and cosmetics due to their versatile characteristics. Despite this, regulations are currently limited to perfluorooctane-based compounds, largely due to lack of competitive alternatives. One of the alternative in use is the still un-regulated shorter chain PFAS, whose health and environmental impact is still unknown.
- OrganoClick® has done researched and developed PFAS-free alternatives for textiles for over 10 years. We are proud to contribute with our "know-how" in projects with many eminent partners, which all have the same goal as we; to achieve sustainable industrial development with reduced environmental impact, says Mårten Hellberg, CEO OrganoClick AB
In this project, a transdisciplinary consortium will perform a gap analysis of fluorine-free alternatives and gather information of their health and environmental impact to identify the most promising alternatives. Communication channels, such as websites or social media, will be established to educate manufacturers and consumers and aid them in making educated choices. A life cycle perspective will be taken in the project and water purification and waste streams will be considered. By pushing the development of alternative solutions, this project will facilitate the implementation of new policies and regulations. New technical solutions will contribute to decreased environmental impact, secure pure drinking water and competitive Swedish industrial partners. The project is funded by Vinnova and is executed from 1st of November 2016 to 31st of July 2017.
For more information, please contact:
Mårten Hellberg, CEO
0707 - 16 48 90
OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North. The company 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-resistant timber OrganoWood® and biocomposite materials. OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start -up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the WWF "Climate Solver" award and has also appeared for two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North is Erik Penser Bank.
The information in this press release contains information that OrganoClick AB (publ) is obliged to release according to the EU's market regulation law number 596/2014. The information was published, of the contact person above, 14 November at 11:30.