Stockholm, March 23, 2017 — Nasdaq (Nasdaq: NDAQ) announced that MIPS AB (short name: MIPS), a small cap company within the consumer goods sector, has started trading of its shares on the main market of Nasdaq Stockholm. MIPS is the 11th company to list at Nasdaq’s Nordic markets* in 2017.
Founded in 2001, MIPS is a sporting goods company specialized in helmet-based protection and brain safety. Based on a so called ingredient brand model, the MIPS brain protection system (BPS) is sold to helmet manufactures globally. MIPS’ solution is patented in all relevant markets and is based on 20 years’ of research together with the Royal Institute of Technology and the Karolinska Institute in Stockholm, Sweden. For more information, please visit www.mipscorp.com.
”It is very pleasing to see the strong interest in MIPS from investors both from Sweden and other countries in Europe," says Johan Thiel, CEO of MIPS. "Our focus going forward is to continue growing with current customers through increased penetration of their helmet ranges as well as attracting new customers in current and new helmet categories, and raising further awareness of how MIPS BPS increases protection against rotational motion.”
“We are pleased to welcome MIPS as our third main market listing in Stockholm this year,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “MIPS has developed a solution that makes skiing, biking and other leisure activities more safe, and we look forward to working with them for many years to come.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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