Continued momentum for PolarCool in Germany - Augsburger Panther sign a PolarCap® agreement
The med-tech company PolarCool (publ.) is growing rapidly in German ice hockey. The company has signed a two-year agreement with German DEL club, Augsburger Panthers. DEL is the top professional ice hockey league in Germany and Augsburger Panther become the 4th club in short succession to add treatment with PolarCap®.
PolarCool develops the product PolarCap®, which alleviates the effects of concussions. The primary customers are sports clubs and facilities in ice hockey, rugby, football and handball, but also other sports with an increased risk of concussion.
Augsburger Panther joins league colleagues Adler Mannheim, Eisbären Berling, ERC Ingolstadt, Straubing Tigers and Kölner Haie in providing the PolarCap® System in DEL. In addition, Dresdner Eislöwen, playing in the second league DEL2 are also providing PolarCap®.
PolarCool continues to see great potential in the German ice hockey market, which has 28 professional teams playing in DEL and DEL2.
PolarCool CEO Erik Andersson comments;
-We are delighted that another professional ice hockey club in Germany has started to provide the PolarCap® to its players. More and more ice hockey clubs are recognizing the benefit of using PolarCap® to reduce the risk of long-term absences from concussion. We look forward to more discussions and with the aim that further clubs in Europe will come onboard.
The agreement reflects PolarCool's overall strategy to introduce PolarCap® System to the international ice hockey market and marks important strategic progress for PolarCool, even if the financial impact of individual agreements is limited.
For more information
Erik Andersson – CEO PolarCool AB (publ.)
+46 - 738 60 57 00
E-mail: erik.andersson@polarcool.se
About PolarCool AB (publ.)
PolarCool AB (publ.) is a medical device company that develops, markets, and sells products for sports medicine. The company focuses on treatment of concussive and sub-concussive brain injury with the portable cooling device PolarCap® System. PolarCool AB (publ.) is based in Lund, Sweden, and its shares are listed on Spotlight Stock Market.