NASDAQ OMX (NASDAQ: NDAQ) announces that the trading in Scandinavian Enviro Systems AB (SES) shares commenced today on First North at NASDAQ OMX Stockholm. Scandinavian Enviro belongs to the Industrials sector and is the 23rd company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
Scandinavian Enviro Systems has developed an innovative solution to a serious environmental problem. Using its patented technology, the company is able to recover carbon black, oil, steel and gas from waste tyres. Scandinavian Enviro Systems’ business concept is to commercialize the patented CFC and EHD technologies, in part through production at its own facility, and in part by selling plants under license to third parties.
Martin Hagbyhn, CEO of Scandinavian Enviro Systems, commented: “We are very happy to be listed on First North.This allows us to spread our vision in a public environment, and as we operate in the clean tech area, with tyre recycling, I believe we will attract a large public interest”.
“We welcome Scandinavian Enviro Systems to First North and to our Industrials sector,” said Adam Kostyal, Senior Vice President at NASDAQ OMX. “NASDAQ OMX is the home to entrepreneurship in all forms, and we are excited to see another innovative Swedish cleantech company select our First North market.”
Scandinavian Enviro Systems AB has appointed Erik Penser Bankaktiebolag as Certified Adviser.