Ulf Sandegren leaves the role as CFO for Nilar

Ulf Sandegren has decided to leave the role as CFO for Nilar International AB to take on new challenges outside the company.

- I want to thank Ulf for having contributed to the company's development in a positive way and I wish him the best of luck in future roles, says Jørgen Krogh, CEO of Nilar International AB.

Ulf Sandegren will remain in his role during the notice period and the recruitment of a successor has begun.

Contact person:
Jørgen Krogh, CEO
jorgen.krogh@nilar.com
+46 70-398 57 24

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.

This information is information that Nilar International AB (publ) is obliged to make public pursuant to the (EU) 596/2014 Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at the time stated by the Company's news distributor Cision at publication of this press release.