Yahoo Finance

July 8th 2024       

Photocat A/S Announces New Distribution Agreement with Nordagent Oy based in Finland on the suite of de-icing and dust-suppression CMA products

Roskilde, Denmark. July 8, 2024 – Photocat A/S (Nasdaq First North: PCAT), a leading innovator in photocatalytic and air quality improving technologies, is pleased to announce a new distribution agreement with Nordagent Oy in Finland covering the suite of CMA products for de-icing and dust-suppression purposes, a significant step towards expanding its market reach and driving sustainable growth.

Under the terms of the agreement, Nordagent Oy will distribute Photocat’s advanced CMA products in especially Finland, however, with potential sales to other Nordic Countries. This partnership aims to leverage Nordagent Oy's extensive network and expertise to enhance the availability and adoption of Photocat's environmentally friendly solutions.

"We are excited to partner with Nordagent Oy to bring our innovative CMA suite of products to a broader market," said Jesper Elsgaard, CBO of Photocat A/S. "This agreement aligns with our strategic goals to expand our geographical and partnership footprint and drive growth by collaborating with key industry players. We believe that this partnership will not only enhance our market presence but also drive significant value for our stakeholders by providing access to innovative, sustainable solutions".

Nordagent Oy shares our commitment to sustainability and innovation, making them an ideal partner for us," added Henrik Jensen CTO of Photocat A/S. "We look forward to a successful collaboration that will benefit both companies and our customers”.

“This agreement with Photocat A/S enforces Nordagent Oy’s product portfolio in environmental technology and gives us even more chances to make more good for the environment and for the ecosystem” states Mika Rantanen CEO of Nordagent Oy. “We are now able to offer better alternatives for example within road maintenance work due to chemicals, which have Nordic Swan label and save nature compared to present alternatives in Finland”.

Key Points of the Agreement:

• Exclusive Distribution Rights Secured: Nordagent is granted exclusive rights to distribute Photocat’s innovative CMA products across Finland.
  
  

• Comprehensive Support and Training: The agreement encompasses extensive product training, robust marketing support, and coordinated joint promotional activities.
  
  

• Strategic Collaboration for Success: Both companies will work in close partnership to ensure the seamless implementation and effective execution of the distribution strategy.