OrganoClick signs agreement with leading nonwoven manufacturer
”This agreement is a great milestone for OrganoClick. We have worked with this project for more than two years and are now changing from development to full scale production. Our focus will now be on making ourselves ready for supplying this key customer with our biobased binders which replaces their current plastic binders. I am so proud over OrganoClicks and our customers dedicated team that together have made this possible”, says Mårten Hellberg, CEO OrganoClick.
Under the 5-year term of the contract, OrganoClick will supply its biobinder according to a forecasted yearly volume that will be confirmed in detail in 6 month periods. During the coming six months (Q2-Q3) OrganoClick will gradually ramp up its production and supply to the customer and forthis 6 month period, OrganoClick has received a confirmed order volume to a value of SEK 5 million. Full volume of the contract is expected to be reached in 2022.
This disclosure contains information that OrganoClick AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 19-02-2021 14:05 CET.