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PRESSMEDDELANDE

Cell Impact partners with large Japanese automotive supplier

2019-04-17 11:10
REG
MAR

Cell Impact AB (publ) has received a 3.4 MSEK development and technology validation order from Nakanishi Metal Works Co. Ltd (NKC) in Osaka, Japan. The order encompasses both a technical enhancement to our forming technology and a limited flow plate validation production run for a global leading automotive manufacturer.

The order involves design of a prototype flow plate and a limited production run to test Cell Impact's tooling concept for large volumes. If the target of the development activity is reached it will result in a new level of productivity which will strengthen an already competitive production technology. 

- This is a very significant order since it comes from a global leader in the automotive industry through NKC after a rigorous evaluation of the potential in our production technology.  It confirms that Cell Impact's technology is a candidate for flow plate production at large scale. If our technology is qualified it opens for a considerable business potential a few years down the road. We appreciate the excellent partnership and cooperation we have established with NKC and the possibility carry out this project together with them, says Pär Teike, CEO, Cell Impact.

For more information, please contact:
Pär Teike, CEO, +46 73-024 06 84 or paer.teike@cellimpact.com.

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About Cell Impact
Cell Impact AB (publ) is a global supplier of advanced flow plates to fuel cell manufacturers. The company has developed and patented a unique method of adiabatic high-speed velocity pressing that enables flow plates with more advanced designs, which in turn creates more cost- and energy-efficient fuel cells when compared to conventional pressing methods.

The Cell Impact share is listed on the Nasdaq First North stock exchange and Erik Penser Bank is the company's Certified Advisor (CA). Contact info: +46 8-463 83 00 or certifiedadviser@penser.se.

About NKC
NKC was founded in 1924 and is a world leader in bearing retainer manufacturing, industrial conveyor solutions, and pressed steel components, as well as plastic and rubber processing. Annual revenue is around 1 billion dollars and NKC employs 4.000 people. In addition to Japan, NKC has manufacturing facilities in Europe, America, and Asia.

This information is information that Cell Impact AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 09.10 CET on April 17th, 2019.

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