Axolot Solutions signs a new trial agreement with Hellefoss Paper A/S

Axolot Solutions AB signs a new trial agreement with a paper manufacturer in Norway, Hellefoss A/S.

The objective of the trial is to perform initial water purification trials in order to find a solution for the reduction of suspended and oxygen consuming material in process water from their production unit in Hokksund. The new study is a standalone continuation of the trials completed by Axolot Solutions earlier this year for Vafos A/S, in the same company group as Hellefoss Paper. The study will be performed in December and will support future investment decisions.

For further information, please contact:
Marie Landfors, President and CEO Axolot Solutions, tel: +46 72 198 76 50, mail: marie.landfors@axolotsolutions.com

About Axolot Solutions

Axolot Solutions is a Swedish environmental technology company, providing systems for industrial water purification. The company offers a holistic solution based upon a proprietary technology within electro-coagulation and flotation. Axolot's water purification concept is cost efficient and enables recirculation of the water. This leads to a reduced environmental footprint.

More information about the Company and its business activities can be found at www.axolotsolutions.com.

Axolot Solutions Holding AB is based in Helsingborg, Sweden, and its shares (ticker: Axolot) are listed at Nasdaq First North Growth Market, Stockholm, since November 21, 2018. FNCA Sweden AB is the Certified Adviser of Axolot Solutions. FNCA Sweden AB can be reached at info@fnca.se and on tel +46 8 528 003 99.