Stockholm, December 10, 2018— Nasdaq (Nasdaq: NDAQ) announces that the trading in Azelio AB’s shares (short name: AZELIO) will commence today on Nasdaq First North in Stockholm. Azelio belongs to the Oil & Gas sector and is the 81st company to be admitted to trading on Nasdaq’s Nordic markets* in 2018.
Azelio is a technology company that offers a system of Stirling engine-based concentrated solar power with thermal energy storage that enables electricity production around the clock. The company has its head office in Gothenburg, Sweden, with production in Uddevalla and a development center in Gothenburg and Åmål, as well as a sales office in Beijing, China and a representative office in Madrid, Spain. As of September 30, 2018, the company had 75 employees. For more information, please visit www.azelio.com.
“We are very happy about the interest shown for Azelio, and now to be a listed company on Nasdaq First North,” said Jonas Eklind, CEO of Azelio. “This is an important step for the company on the way to finalize industrialization of the system and offer the market electricity from solar power to a low cost around the clock.”
”We welcome Azelio to Nasdaq First North, our European growth market,” said Adam Kostyál, SVP and Head of European Listings, Nasdaq. “Azelio operates in an exciting part of the renewable energy sector, and we congratulate the company on its successful listing.”
Azelio AB has appointed FNCA Sweden 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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