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SaltX Technology Holding AB (publ): Interim report Q3 2016

Q3 2016&nbsp; Operating income in Q3 totaled to TSEK 2 172 (4&nbsp;071) Operating profit/loss amounted to TSEK &ndash;5&nbsp;595 (&ndash;2&nbsp;890) Equity TSEK 91&nbsp;301 (45&nbsp;757) Cash flow for the period amounted to TSEK 847 (&ndash;2&nbsp;487) Equity/debt ratio amounted to 69% (57%) Period January &ndash; September 2016&nbsp; Operating income in Q3 totaled to TSEK 11 625 (14 160) &hellip; <a href="https://www.saltxtechnology.com/cision/saltx-technology-holding-ab-publ-interim-report-q3-2016/">Continued</a>

Q3 2016 

  • Operating income in Q3 totaled to TSEK 2 172 (4 071)
  • Operating profit/loss amounted to TSEK –5 595 (–2 890)
  • Equity TSEK 91 301 (45 757)
  • Cash flow for the period amounted to TSEK 847 (–2 487)
  • Equity/debt ratio amounted to 69% (57%)

Period January – September 2016 

  • Operating income in Q3 totaled to TSEK 11 625 (14 160)
  • Operating profit/loss amounted to TSEK –13 944 (–5 750)
  • Equity TSEK 91 301 (45 757)
  • Cash flow for the period amounted to TSEK 20 986 (–9 338)
  • Equity/debt ratio amounted to 69% (57%)

Significant events during Q3 

  • Skirner contributed MSEK 4.5 trough share subscription
  • Fraunhofer ISE in Germany was contracted for the next stage in the development of the gas heat pumps of the future.
  • US gas heat pump project worth around MSEK 5 was secured
  • The patent portfolio was strengthened- new patent granted in the US
  • Development project with GE Appliances on water heater was discontinued  –  Discussions with prospective new partners have been initiated.

Significant events after the end of the period 

  • Investment in new focus area within energy storage initiated
  • Funding for the next generation of salt material granted by government agency Vinnova
  • The European Patent Office has granted two new patent applications
  • Agreement with Mobile Climate Control for global license deal for heavy duty vehicles
  • Agreement with the British research institute Energy Technologies Institute has been discontinued –  MSEK 2.0 charged to income statement

Stockholm 9 November 2016

Board & CEO  

This report has not been reviewed by the auditor. This information is information that SaltX Technology iis obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person(s) set out above, at 08:00 CET on November 9 2016.

For more information, please contact following: 
Karl Bohman, CEO: Tel: 070 560 02 68
Harald Bauer, CFO: Tel: 070 810 80 34

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