This is a correction of the announcement from 14:38 04.11.2016 CET. Reason for the correction: Correction has been made to the revenue graphs for Q4.2016 on page 1 which highlight the confirmed order book for Q4.2016. The confirmed order book for Q4.2016 is split between NOxOFF orders and new application systems and is MDKK 2. Confirmed order book for Q4.2016 does not constitute our full revenue expectation for Q4.2016.
SIGNIFICANT EVENTS
DURING THE PERIOD
- Binné launched its NOxOFF product range at the Nordbau2016 trade show in Neumünster, Germany.
- A major European manufacturer produced its first bitumen membrane with the latest NOxOFF Photocat Technology.
- Photocat initiated negotiations with several Spanish bitumen and concrete manufacturers.
- Due to underperformance, Photocat terminated the distribution agreement regarding ShineOn for glass announced in 2015.
AFTER THE PERIOD
- Photocat delivered 15 tonnes of NOxOFF to Germany.
- Quandt held the symposium "Building with Conscience" in Berlin. The event celebrated Quandt's contribution to the air quality in Berlin.
- Photocat and Quandt extended the existing agreement regarding NOxOFF increasing revenue expectations for 2017.
- Photocat assigned Quandt as distributor of Photocat Garden for the German and Austrian market.
- Photocat assigned PICA AB as a distributor of Photocat Garden for the Swedish market.
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 Redeye AB
For More Information, Please Contact:
Adam Sagedahl, Strategic Director at Photocat
Tel: +45 42 75 95 46
e-mail: adam.sagedahl@photocat.net
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