Photocat signs an exclusive distribution agreement for its aftermarket products in the Spanish market for two of its products for the aftermarket. The partner Higitech / MTL group in Spain was chosen as partner because they already have a significant business that could benefit from the solutions offered by Photocat. Higitech will start offering NOxOFFTM for professional applications for façades and pavements as well as ShineOn for selected business segments. Higitech hereafter has the exclusive rights to offer Photocat aftertreatment solutions in these segments in Spain.
Higitech / MTL group will also set up distribution of Photocat Garden product series for the DIY market.
The agreement is a 6-year agreement with yearly minimum volumes to be agreed between the parties. The turnover for the first 18 months is estimated to be 150.000 € and increasing in the following years.
Photocat has entered the agreement to strengthen its business on the aftertreatment market in Spain and has chosen to partner up with the Higitech / MTL group as they are well established in this market. .
With this agreement Photocat has moved into also being able to supply its environmental improving solutions also for the cities in Spain through professional applicators.
About Photocat:
Photocat manufactures patented coating materials for both outdoor and indoor applications with the effect to degrade NOx and VOCs when exposed to light. Both NOx and VOCs are severely damaging to human health. Photocat’s patented technology is a 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 Stockholm, First North with the ticker symbol PCAT. The company’s Certified Advisor is Mangold Fondkommission AB, phone: 08-50301550, e-mail: ca@mangold.se.
For More Information, Please Contact:
Michael Humle,
Tel: +45 2210 2523
e-mail: michael@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 persons set out above, at CET 08:00 on May 13th 2019.
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