SaltX makes strategic recruitment, strengthening the management team

- Paul Nord is appointed as new Vice President of Engineering

SaltX Technology - listed on Nasdaq First North - continues to build an organization for rapid international expansion. Paul Nord is recruited as VP Engineering and will have the overall responsibility for the Company's development projects.

SaltX is growing fast, especially within the focus area EnerStore for large-scale energy storage.

"Over the last months, SaltX has signed several new partners and launched many new projects. Therefore, we need to scale up the SaltX organization and increase our ability to execute these important customer projects. Paul will, with his experience and leadership, be instrumental for this", says Karl Bohman, SaltX CEO.

"I am excited to be part of creating the future energy storage solutions. My objective at SaltX will be to efficiently deliver SaltX projects with high quality and performance. I look forward to continuing to build SaltX winning team and roll out this technology globally. ", says Paul Nord.

Paul Nord will in his operational role work closely with SaltX CTO Göran Bolin, who will now focus more on the strategic aspects, including developing and expanding the SaltX patent portfolio.

Paul has previously had roles as Chief Information Officer at Aviator, Vice President Research & Development at Enea and Senior Project Manager at Ericsson and Saab.

Paul has a Masters of Science from Chalmers University of Technology. His first day at work is today.

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

About SaltX Technology
SaltX Technology develops and sells patented energy storage technology, which is marketed under the brand SaltX ™. Customers consist mainly of major global OEM partners such as Alfa Laval, Mobile Climate Control and Rheem. SaltX Technology's stock is listed on Nasdaq Stockholm First North. FNCA Sweden AB is SaltX Technology’s Certified Adviser. For more information, visit www.saltxtechnology.com.

Stockholm
2017-10-02