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The OrganoClick-group signs agreement with leading Nordic paint company

The OrganoClick-group ("OrganoClick") has signed an agreement with a leading Nordic paint company ("Customer") for supply of a number of OrganoClicks green chemical products. Under the two year agreement, OrganoClick will produce and supply the Customer with products for a guaranteed order volume corresponding to revenue of SEK 15 million per year for OrganoClick, but the customers forecasted order volume in the agreement corresponds to revenue of SEK 30 million per year for OrganoClick.  

"This is the biggest individual agreement OrganoClick has ever signed. Our sales activities and tests with this customer started several years ago and the last tests was performed with approved results this summer. This agreement will give us a solid growth and an improved result during the coming year", comments Mårten Hellberg, CEO OrganoClick.  

The first delivery of products will be in Feb 2019 and the revenue will be reported under the business area Green coatings & maintenance products.

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For more information, please contact:

Mårten Hellberg, CEO

0707 - 16 48 90, marten.hellberg@organoclick.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®, green biocomposites branded OrganoComp®, biobinders for nonwoven materials and BIOkleen®s cleaning and maintenance products for house and home. 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, 25th of October 2018 at 15:15.

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