2016-01-22T09:45:09 CET: English
pdf-file: January 22, 2016: Intensified discussions on strategic cooperation
Malmo January 22, 2016
Deflamo AB (publ) is now, after initial discussions during the autumn, in negotiations with an international industry group on a close strategic cooperation in plastics. The discussed cooperation includes both research and development, production, marketing and sales. It is also expected to entail access to essential competences within product development and production processes, a broadened customer base and a larger and global sales organization, which would provide further opportunities for a faster time to market.
This development is in line with what was communicated in the company’s Q3 report regarding an evaluation of various alternatives to optimize the conditions for a continued development of the company’s operations. One such alternative was a deeper strategic cooperation with an industrial player in order to, among other things, exchange competences and get access to a global distribution channel.
Deflamo wants to emphasize that, even if the current situation is a consensus in the discussions, a cooperation cannot be guaranteed before final agreements have been concluded. The goal is to finalize the negotiations during the second quarter 2016.
For further information please contact:
Per-Erik Velin, CEO, Deflamo AB (publ)
Mobile: +46 (0)70 67 42 185
Jan Blomquist, member of the board
Mobile: +46 (0)70-486 17 71
Deflamo is a specialty chemical company that develops, produces and sells environmentally superior flame retardants under the product name Apyrum.
Apyrum is a patented, environmentally friendly and biodegradable alternative to dangerous flame retardants that includes toxic substances such as bromine, chlorine and antimony, substances that are harmful to the environment and for human and nature health. With Apyrum our customers get:
· Superior environmental properties
· A competitive price- and performance ratio, even compared to traditional flame retardants
· Access to Deflamo’s application knowledge and testing capabilities, which helps the customer to reduce development costs and time to market
We mainly focus on replacing conventional flame retardants in plastics and other polymer materials, but we also cooperate with customers in several different areas such as applications for paper, wood, foam etc. A central part of Deflamo’s offer is to assist customers with the formulation, testing and implementation of flame retardant products with Apyrum. This contributes to that our customers may develop new products with a healthy environmental profile both cheaper and faster.
Deflamo AB is a Swedish public limited liability company, listed on Nasdaq First North. Avanza is the company’s Certified Advisor.