Polymer Factory receives second payment under EDF grant

Polymer Factory Sweden AB (publ) has today received the second payment from the European Defence Fund (EDF) under the grant that was announced in December 2022. The second partial payment amounts to approx. SEK 2,8 million.

In December 2022, Polymer Factory announced that the Company will receive a grant from the EDF for participation in the project NanoSHIELD, which aims to develop protective equipment against CNBR (chemical, biological, radioactive, and nuclear) threats. Polymer Factory’s role in the project is to contribute with polymers to be implemented in the equipment.

The project has now passed the half-time evaluation, and today, the Company has received the second instalment of approx. €230,000, amounting to approx. SEK 2,8 million.

Upon receipt of this payment, the Company has also re-paid the loan that was taken out in August 2024.

For more information about Polymer Factory, please contact:
Elin Mignérus, CEO
Phone: +46 (0) 79 300 27 76
E-mail: elin.mignerus@polymerfactory.com

Polymer Factory (publ) is a leading global provider and producer of dendritic materials, with customers ranging from BigPharma, MedTech and BioTech companies, to research-intensive institutes and academic research groups. The Company’s dendritic materials act as smart delivery systems that enhance the effects of the substances they carry, e.g. a vaccine or an anticancer drug. They have also shown great promise in diagnostics, tissue engineering and in the development of vaccines. In addition, Polymer Factory has used the Company’s vast knowledge and expertise to develop a patented calibration technology, named SpheriCal®, designed for Mass Spectrometry instruments. The Company’s dendritic nanotechnologies have the potential to accelerate innovation in technologically demanding sectors, such as MedTech and BioTech. Learn more at www.polymerfactory.com.