SaltX has overlooked to report transactions with a closely related company

SaltX Technology – listed on Nasdaq First North – has overlooked to report transactions with a closely related company. SaltX has acquired design- and advertising services from Post Agency Stockholm AB, where Viktor Bolin is a partner and one of the main owners. Viktor Bolin is the son of Göran Bolin, SaltX Technology’s CTO and founder. Göran has been a deputy board member of the company, a position he no longer holds.

Purchases have been made based on market conditions. However, the relationship of relatives, information about the purchases should have been disclosed to the market.

- We should of course have communicated these transactions – it is a mistake. SaltX acquired services from Post Agency already before the listing in May 2016, which is why it “fell between chairs”. It's an explanation, not an excuse", says Karl Bohman, CEO of SaltX Technology.

Below are the transactions per year:

2015    TSEK 174
2016    TSEK 345
2017    TSEK 385
2018    TSEK 217

For further information, please contact:
Karl Bohman, CEO of SaltX Technology, tel +46-705-600 268

About SaltX Technology
SaltX Technology  develops and sells patented energy storage technology. Main customers are major global OEM partners and energy companies such as Alfa Laval, Vattenfall, Mobile Climate Control and Rheem. SaltX Technology's share is listed on Nasdaq Stockholm First North. SaltX Technology’s Certified Adviser is FNCA Sweden AB.  

March 23, 2018

About Us

SaltX Technology is an award-winning company in Sweden which has developed a worldwide patented ground-breaking nano technology, storing energy in salt for an unlimited amount of time to provide heating and/or cooling. The company is primary focusing on large scale energy storage, which is required to deal with the inconsistency of renewable energy supply. SaltX´s innovation, built with nano-coated salt technology, is a circular thermal energy storage solution that provides peak shifting to energy grid providers, industrial and commercial customers. With a low cost SaltX Energy Storage is enabling the full transition to renewable energy, globally.