Marie Fossum Strannegård leaves Nilar's Board of Directors

Marie Fossum Strannegård has announced that she will leave her position as a member of Nilar International AB's Board of Directors due to her new role as CEO of AxSol, starting today.

- We thank Marie Fossum Strannegård for her valuable contribution to Nilar's development work and wish her the best of luck in her future assignments. With a long background in innovation, she brings expertise that is important for the green transition, says Gunnar Wieslander, Chairman of the Board of Nilar International AB.

Marie Fossum Strannegård has been a Board member in Nilar since the annual general meeting on 25 May this year and is leaving her position effective immediately.

For more information, please contact:
Erik Oldmark, CEO
erik.oldmark@nilar.com
+46 70 432 4444

About Nilar:

Swedish-based Nilar International AB develops and manufactures batteries that are part of stationary energy storage systems. With better energy storage, society can support the increasingly stressed electricity grid by bridging imbalances between energy production and demand, especially important as the share of renewable energy sources increases. Nilar's battery technology is based on nickel metal hydride (NiMH) electrochemistry with a water-based electrolyte, which provides higher safety while allowing the components to be recycled and reused. Nilar has its headquarters in Täby and since 2012 all batteries have been developed and produced in the production facility in Gävle, which is powered by 100% renewable energy.

The Nilar share is listed on the Nasdaq First North Premier Growth Market under the ticker NILAR. FNCA Sweden is Certified Adviser. For more information see www.nilar.com.