SaltX has overlooked to report transactions with a closely related company

SaltX Technology – listed on Nasdaq First North – has overlooked to report transactions with a closely related company. SaltX has acquired design- and advertising services from Post Agency Stockholm AB, where Viktor Bolin is a partner and one of the main owners. Viktor Bolin is the son of Göran Bolin, SaltX Technology’s CTO and founder. Göran has been a deputy board member of the company, a position he no longer holds.

Purchases have been made based on market conditions. However, the relationship of relatives, information about the purchases should have been disclosed to the market.

- We should of course have communicated these transactions – it is a mistake. SaltX acquired services from Post Agency already before the listing in May 2016, which is why it “fell between chairs”. It's an explanation, not an excuse", says Karl Bohman, CEO of SaltX Technology.

Below are the transactions per year:

2015    TSEK 174
2016    TSEK 345
2017    TSEK 385
2018    TSEK 217

For further information, please contact:
Karl Bohman, CEO of SaltX Technology, tel +46-705-600 268

About SaltX Technology
SaltX Technology – www.saltxtechnology.com – develops and sells patented energy storage technology. Main customers are major global OEM partners and energy companies such as Alfa Laval, Vattenfall, Mobile Climate Control and Rheem. SaltX Technology's share is listed on Nasdaq Stockholm First North. SaltX Technology’s Certified Adviser is FNCA Sweden AB.  

Stockholm
March 23, 2018