Agreement between S:t Eriks, the leading manufacturer of concrete- and road protection-systems in Sweden, and Photocat combats air pollution
Combatting one of the most harmful environmental challenges today - air pollution - is one of the key aspects of S:t Eriks AB and Photocat A/S' newly entered agreement. The agreement entails the release of a series of concrete products applied with Photocat's documented efficient NOx-reducing photocatalytic technology. The partnership will initially focus on road protection facilities, which mitigate NOx-pollution.
S:t Eriks' Jörgen Bergengrip (Director Paving Division) says: "We have chosen Photocat as our partner within photocatalytic products due to their strong and documented NOxOFF technology, which is stronger than anything we have seen in the market. Further, we want a partner that are able to communicate professionally with substantiated market claims. S:t Eriks has always been focused on delivering real value to its customers. Personally, I expect a strong and growing portfolio of S:t Eriks products with NOx reducing capabilities in the coming 2 - 4 years."
Photocat's Michael Humle (CEO) adds: "We consider S:t Eriks to be a very strong partner to launch NOx reducing products in the important Scandinavian market." Photocat now holds strong partnerships in NOxOFF concrete solutions in Scandinavia through its partnerships with ASAK Miljøstein in Norway, Gammelrand in Denmark and now S:t Eriks in Sweden.
About Photocat:
Photocat manufactures patented photocatalytic coating materials for outdoor and indoor applications, which degrade NOx and VOCs when exposed to light. Both NOx and VOCs are severely damaging to human health. Photocat's patented technology is very efficient and an economically viable alternative to many of the traditional technologies targeting NOx (e.g. bus catalysts, flue gas cleaning etc.). Photocat's shares are listed on Nasdaq First North Stockholm with the ticker symbol PCAT. The company's certified advisor is Mangold Fondkommission.
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About S:t Eriks:
S:t Eriks is Sweden's largest producer of concrete products and has a proven track record in launching innovative products. Furthermore, S:t Eriks is the leading company in Sweden within paving, infra, roofing and water & sewage systems. The company employs more than 400 dedicated people with a strong skill in design and special casting which assists its customers from idea to finished solutions. St:Eriks main customer segments are large to small contractors in the construction industry, municipalities, government agencies and retail chains.
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For More Information, Please Contact:
Adam Sagedahl
Strategic Director at Photocat
Tel: +45 42 75 95 46
e-mail: adam.sagedahl@photocat.net
Photocat A/S is obliged to publicize this information in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at CET 08:00 on May 29th 2017.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Photocat A/S via GlobeNewswire
