OrganoWood signs general agreement with Finnish S-group

Press release issued by OrganoClick AB (publ) on 23 March 2015

OrganoClick’s daughter company OrganoWood markets and supplies eco-labeled fire protected and durable wood and wood treatment products. During 2014, initial test sales were performed in Finland through 6 units within Kodin Terra, a Finnish building supplier chain which is part of the larger S-group.  OrganoWood and the S-group now enter into a general agreement under which OrganoWood’s products will be supplied through the S-groups 27 units throughout Finland.

OrganoWood AB, a daughter company to OrganoClick AB (publ) and Kvigos AB, supplies and markets since 2012 OrganoWood®- a durable and fire protected wooden material. The wood is a perfect replacement to the standard pressure impregnated wood, treated with heavy metals and biocides and used in e.g. timber decking, fences, etc. The wood is environmentally labeled and is recommended by Swedish ”Byggvarubedömningen”. OrganoWood®-modified wood was 2014 awarded with Nordbyggs gold medal for ” Hottest building material of the year”. The company’s wood protection product is first-in-class to become eco-labeled by the Swedish Society of Nature Conservation as “ Good environmental choice”.

The S-group is one of Finland’s largest group of specialized stores. The hardware stores in the S-group are divided in the three units Kodin Terra, S-rauta and Rauta-Prisma with a total of 27 stores all over the country.

During 2014, test sales were initiated in six stores within the Kodin Terra unit. A general agreement has now been entered with the S-group for reselling of OrganoWood’s products throughout the whole group.

”The general agreement with the S-group is an important step in our Finnish market launch. To have a broad geographical network of resellers in every country is key in order to get a good return on our marketing activities”, says Jens Hamlin, Managing Director at OrganoWood.

For more information, please contact:

Mårten Hellberg, OrganoClick at marten.hellberg@organoclick.com or 08-684 001 10

About OrganoClick

OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North that develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the water repellent fabric treatment OrganoTex®, the flame and rot-resistant timber OrganoWood® and biocomposite materials. OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start-up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the World Wildlife Fund (WWF) "Climate Solver" award and has also appeared two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North is Pareto Securities AB.

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OrganoClick is a Swedish cleantech company that develops, produces and markets performance materials based on environmentally friendly fibre chemistry. Examples of products marketed by OrganoClick are the water-repellent fabric treatment OrganoTex®, the durable modified wooden material OrganoWood® and functional biofiber composites. OrganoClick was founded in 2006 as a spin-off company based on research in fibre chemistry at Stockholm University and the Swedish University of Agricultural Sciences. OrganoClick has won several prices such as "Swedens most promising start-up" and "Swedens best environmental innovation" and been appointed as a "Climate Solver" by the World Wildlife Foundation (WWF). OrganoClick is located in Täby, in the northern parts of Stockholm, where the company’s production, R&D, sales and marketing divisions are situated.

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The general agreement with the S-group is an important step in our Finnish market launch. To have a broad geographical network of resellers in every country is key in order to get a good return on our marketing activities
Jens Hamlin, Managing Director OrganoWood AB