Stockholm, June 21, 2016 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Alelion Energy Systems AB’s shares (short name: ALELIO) commenced today on Nasdaq First North in Stockholm. Alelion Energy Systems belongs to the Industrial sector and is the 46th company to be admitted to trading on Nasdaq’s Nordic markets* in 2016.
Founded in 2006, Alelion Energy Systems is a Swedish company specialized in developing lithium ion batteries. The company’s products and solutions are developed to reduce costs and energy consumption, and are primarily used by clients within the automotive and materials handling sectors. Alelion Energy Systems is a product and sales company, where the entire production process has been outsourced to external partners. Headquartered in Mölndal, Sweden, Alelion Energy Systems has a regional office in Bielefeld, Germany. For more information, please visit www.alelion.com.
“We are very pleased to notice such a great interest in our shares, both from the public and from professional investors,” said Daniel Troedsson, CEO of Alelion Energy Systems. “The injection of capital will be used mainly to finance rapid market expansion in order to meet the increasing demand. Alelion has a leading position of energy storage solutions for industrial forklifts and has leading global manufactures as customers.”
“We welcome Alelion Energy Systems to Nasdaq First North,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Alelion Energy Systems operates in a niche segment and will make an exciting addition to our industrial sector, and we look forward to supporting them on their journey as a publicly traded company.”
Alelion Energy Systems AB has appointed G&W Kapitalförvaltning AB as the Certified Adviser.
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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