LightLab Sweden AB and Wallenius Water AB have initiated negotiations regarding enhanced cooperation

Lightlab and Wallenius Water have signed a Letter-of-Intent. Negotiations regarding an enhanced cooperation have been initiated and a due diligence process has begun.

Lightlab has on several occasions from 4 December 2014 and during the first quarter of 2015 informed about the ongoing project for development and performance evaluation of prototype lamps for the UV area, which is conducted in cooperation with Wallenius Water AB. Initial technical measurement results are now present. These show a commercial potential for UVC lamps for purification of air and liquids, based on LightLab’s EEE Light® technology.

LightLab and Wallenius Water have therefore discussed a possible continued cooperation, which now has led to the signing of this Letter-of-Intent.

For further information regarding this press release please contact:

Jan Rynning, Chairman of the Board
Tel: +46 (0)703 51 00 05

Johan Tingsborg, CEO
Tel: +46 (0)8 442 0550
E-mail: info@lightlab.se

This is LightLab Sweden AB
LightLab is developing a new, environmentally-friendly lighting technology, EEE Light® Technology LightLab has  4,000 shareholders. The company’s shares are listed on NASDAQ OMX First North. The company’s certified adviser is Erik Penser Bankaktiebolag.