"the year started well with very strong sales increase of 33.3 (0.4) percent to MSEK 29.7 (22.2)
OrganoClick has today entered into a collaboration agreement with fast growing BAUX to develop new interior design products based on OrganoClicks biocomposite material ORGANOCOMP®. The aim with the collaboration is to launch a first product in the beginning of 2019.
The Swedish interior design company BAUX AB has experienced rapid growth for several years, thanks to their innovative designed acoustic products used in offices and public spaces worldwide. Their current products are mainly made from the composite material Träullit based on wood fibres, water and cement. Now BAUX will continue to strengthen its sustainability profile further by developing a new range of innovative products within interior design based on OrganoClick’s biocomposite OrganoComp®. BAUX currently sells their products through a global network of sales agents to customers such as Google, Boston Consulting Group, Stella McCartney, and WeWork.
Sustainable interior design products suit very well with OrganoClicks 100% bio-based biocomposite OrganoComp® as it can replace fossil-based plastics and non-sustainable formaldehyde adhesives. BAUX and OrganoClick have since 1 year collaborated to adapt OrganoComp® for BAUX products.
”OrganoClick has worked strategically with adapting its materials to be suitable for interior design applications and we are very happy for the collaboration with BAUX. BAUX has been an important player for us in specifying the requirements and also to verify that we fulfil their requirements. We are now looking forward to developing and launch some great interior design products together with BAUX”, says Mårten Hellberg, CEO OrganoClick AB.
”We work hard to find innovative solutions and new products that offer our customers the opportunity to replace fossil-based chemistry. With OrganoComp®, we have found an exciting sustainable material that fulfils our requirements for tomorrow’s safety and environmental standards”, says Fredrik Franzon, CEO BAUX AB.
For more information, please contact:
CEO OrganoClick AB
phone: +46 (0)8-684 001 10
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, 28 June 2018 at 16:32.