ORGANOCLICK AB (PUBL) PUBLISHES INTERIM REPORT FOR Q2
"The second quarter was the most uncertain quarter we have ever entered as a listed company. We did
SP tests decking materials on jetties in Sibbarp.
OrganoClick's subsidiary OrganoWood manufactures and markets eco-friendly fire and rot protected wood and wood treatment products. OrganoWood® decking and a variety of other types of modified wood and wood treatments have now been tested in an independent decking test performed by SP and Malmö City Environment Department on some jetties in Öresund.
2013 SP changed the wooden boards of two out of the ten piers at Sibbarps camping against a variety of wood and different wood treatments to compare the durability and changes in appearance after outdoor exposure over a prolonged time. All wood types were labeled with info cards. This is an independent test where SP and Malmö's City Environment Department have agreed to test as many different materials as possible.
Torbjörn Anderson, head of Malmö's City Environment Department and head of the test group, is very pleased with OrganoWood®s results. "We have seen that after four years OrganoWood® stands strong against natures forces and receive an attractive beautiful shade of grey" says Torbjörn Anderson.
Test execution: Systematic inspections of the piers were carried out over several years to study the following characteristics: the attack of microorganisms, color stability, cracking, deformation and other observations that could affect the material's function or appearance. In this report the materials were examined after 41 months of exposure in an inspection Sept. 21, 2016.
Results: OrganoWood® and 3 other wooden materials, out of 14 tested woods, pass the test without additional remarks. A summative comment was: "All the materials except the recycled plastic and composites, have in varying degrees had some surface growth of blue stain fungi and algae." Examples of additional remarks on some other materials were: eroded surface, increasing number of cracks with risk of damage to bare feet, prevalence of cracks caused by the material's brittleness, rot was discovered in the screw holes, poor dimensional stability, uneven color, cracks in the sides, etc.
The various materials in the test were alternated with the reference material, impregnated wood NTR class A which is the traditional green wood that is impregnated with copper salts. The test shows that OrganoWood® has developed equally to pressure-treated wood during the trial period.
- "We are very excited about the test showing that OrganoWood® stand strong in tough environments over time." says Jens Hamlin, CEO OrganoWood AB.
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For more information, please contact:
Jens Hamlin, VD OrganoWood, Telefon: +46 72 250 21 79, Email: jens.hamlin@organowood.com
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About OrganoClick
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, 21st of February 2017 at 09:00.