SaltX Technology Holding AB (publ): Interim report Q3 2017

Financial facts
Third quarter

-Operating income increased to MSEK 3.7 (2.2)
-Operating result (EBIT) amounted to MSEK -8.0 (-5.6)
-Cash flow from operating activities amounted to MSEK -12.0 (-1.9)
-Earnings per share SEK -0.14

Period January - September
-Operating income increased to MSEK 13.7 (11.6)
-Operating result (EBIT) amounted to MSEK -19.9 (-13.9)
-Cash flow from operating activities amounted to MSEK -21.4 (-10.6)  
-Earnings per share SEK -0.38

Significant events

Third quarter
-SaltX won Serendipity Challenge 2017
-SaltX partned with Impacts Solar in Australia –  To develop game-changing storage for Concentrated Solar Thermal
-SaltX signed Letter of Intent with world leading wind power provider – Chinese Goldwind will try out SaltX large-scale energy storage
-SaltX Technology acquired SunCool AB

After the end of the quarter
-SaltX granted European solar collector patent  
-SaltX won Sweden’s largest energy prize by E.ON and Veckans Affärer
-Swedish Energy Agency finances SaltX pilot project and granted MSEK 5 for pilot project for large scale energy storage
-SaltX agreed to sell exclusive license for its gas heat pump technology in China

Stockholm, November 9, 2017

Board & CEO

For further information, please contact:
Karl Bohman, CEO SaltX Technology: Tel: 070 560 02 68
Harald Bauer, CFO SaltX Technology: Tel: 070 810 80 34

SaltX Technology is obliged to disclose this information under the EU Market Abuse Regulation. The information was provided by the contact person listed above, for publication on November 9, 2017 at. 08.00 CET.

About SaltX Technology
SaltX Technology develops and markets a patented energy storage technology marketed under the brand SaltX ™. Customers consist mainly of major global OEM players such as Alfa Laval, Mobile Climate Control and Rheem. SaltX Technology's act is listed on Nasdaq Stockholm First North. FNCA Sweden AB is SaltX Technology's certified adviser. For more information visit

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.


Documents & Links