Stockholm, December 19, 2014 — Nasdaq (Nasdaq: NDAQ) announces that the trading in PowerCell Sweden AB’s shares (shortname:PCELL) commenced today on First North at Nasdaq Stockholm. PowerCell belongs to the Industrials sector and is the 48th company to be admitted to trading on First North’s Nordic markets (Stockholm, Helsinki, Copenhagen and Iceland) in 2014.
PowerCell Sweden AB is a spinout from the Volvo Group with the objective to develop and produce environmentally friendly power systems based on a unique fuel cell and reformer technology. PowerCell has developed fuel cell technology for more than a decade, and has perfected a unique design that enables the production of a lightweight, versatile and reliable power source for automotive, transport and stationary applications. For more information, please visit www.powercell.se.
“We look forward to a successful listing on First North at Nasdaq Stockholm,” said Magnus Henell, CEO at PowerCell Sweden AB. “We are truly happy to be able to give the public the opportunity to invest in our exciting company.”
“We welcome PowerCell to First North and to our Nasdaq family of companies,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “PowerCell is a welcome addition to our world-leading industrials sector and we look forward to supporting the company in its endeavor as a publically traded company.”
PowerCell has appointed G&W Kapitalförvaltning AB as Certified Adviser.
About First North
First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic. It does not have the legal status as an EU-regulated market. Companies at First North are subject to the rules of 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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