SIMRIS ALG AB RESOLVES TO CHANGE NAME OF ITS SUBSIDIARY CYANO BIOTECH GmbH TO SIMRIS BIOLOGICS GmbH
· Simris Alg AB recently proposed to Shareholders to change the name of the parent company from Simris Alg AB to Simris Group AB. This decision to change the subsidiary name is consistent with that proposal and better communicates the Board's vision for the direction of the Group. · Simris Biologics GmbH remains as a wholly-owned subsidiary of the proposed Simris Group AB. · Simris Biologics GmbH will perform research activities to identify novel compounds from cyanobacteria and microalgae. It will establish, develop, and protect the IP and technology platforms based upon these