ChromoGenics receives an order in excess of EUR 2.3 million from Norwegian Betonmast

Report this content

ChromoGenics receives an order corresponding to SEK 23.3 million from the Norwegian construction company Betonmast (AS) with Avantor (AS) as the client. The order applies to an environmentally certified building under construction at Gulhaugtorg 5 in Oslo.

ChromoGenics has previously informed about the final negotiation of this order and now the agreement has been signed. The order includes the installation of windows in an environmentally certified property that is under construction in Oslo. The value is initially SEK 23.3 million and can be increased to SEK 25.0 million through additional orders. The project is part-financed by the Norwegian innovation authority Enova under the program «New technology in the construction industry». Enova reports to the Ministry of Climate and the Environment in Norway.

“Our goal has been to realize an energy-efficient façade that utilizes the architecture of the project with a focus on the indoor climate and environment. ChromoGenics’ solutions were crucial to achieving the goals of the project '', says Project Manager Kjetil Hafredal Betonmast Oslo.

The order includes ConverLight® Dynamic and ConverLight® Paragon ECO. With these installed, effective protection against solar heat radiation, a very high insulation value and improved noise reduction are obtained. ChromoGenics’ products are designed to reduce energy use while improving the indoor climate. The electrochromic foil blocks up to 90 percent of the sun's energy while letting through daylight and creating a comfortable indoor environment.

"We are just in the phase of moving from development companies to industrial companies and this order confirms ChromoGenics as a qualified supplier of windows for energy-efficient and environmentally certified houses," says Leif Ljungqvist, CEO of ChromoGenics.

The order connects well with ChromoGenics ongoing tuning of the production facility in Uppsala. The delivery is planned to be completed in 2021.

For more information, please contact:
Leif Ljungqvist, CEO: +46 70 594 94 01
Lars Ericsson, CFO & Head of Communications: +46 (0)18 430 0430

This information constitutes such information that ChromoGenics AB (publ) is obligated to disclose in accordance with the EU Market Abuse Regulation. The information was submitted by the above-mentioned contact persons for publication on March 2, 2021, at 09:30 CET.

This statement has been made in a Swedish and English version. In the event of any discrepancies between the Swedish and English text, the Swedish text shall prevail.

About ChromoGenics
ChromoGenics offers dynamic glass that controls the conveyance of heat and light. The company’s unique ConverLight™ technology offers sustainable solar protection for increased indoor comfort and energy efficiency. ConverLight® also helps properties meet environmental certification. Commercial sales to real estate projects in Scandinavia began in 2016.

ChromoGenics is based in Uppsala and is a spin-off from the world-class research at the Ångström Laboratory at Uppsala University. The company’s production facilities have been financed in part by a conditional loan from the Swedish Energy Agency. ChromoGenics’ share (CHRO) is listed on Nasdaq First North Growth Market, and Erik Penser Bank AB is the Certified Adviser.


Documents & Links