Oct 28, 2021
Permascand will publish its Q3 2021 interim report on 10 November 2021 at 07:45 CET. In connection with this, Permascand invites investors, analysts and media to a conference call and webcast on the same day at 10:30 CET.
The presentation will be held by CEO Peter Lundström and CFO Linda Ekman in English and will conclude with a Q&A session. Questions can be asked on the conference call or in written form through the webcast. No preregistration is required.
Date and time
10 November 2021 at 10:30 CET
Webcast
https://tv.streamfabriken.com/permascand-top-holding-q3-2021
Phone number
To participate via telephone please dial-in on the numbers below.
SE: +46 8 5055 8366
UK: +44 3333 009 267
US: +1 631 913 1422 (Pin: 28195320#)
After the presentation a recording of the webcast will be available on the webcast link and on the company’s website www.permascand.com
Oct 15, 2021
Permascand has signed a Master Supply Agreement with one of the largest global players in the chlorine and caustic soda market to deliver electrodes and electrochemical cells for the client’s chloralkali and diaphragm technology. The estimated value of the agreement is in the range of SEK 30-50 million per year for a period of three years.
Within the business segment Industrial Solutions, Permascand is committed to develop electrochemical solutions for industries to increase the efficiency of its client’s production. The client that Permascand now has entered into a Master Supply Agreement with, is a global leading manufacturer of chlorine, caustic soda, caustic potash (potassium hydroxide), calcium chloride, sodium chlorite and polyvinyl chloride resins. During 2020, approximately SEK 15 million of Permascands net sales were attributable to ad-hoc orders from the client (i.e., 3.6 percent).
“We are very pleased to continue this well-established business relationship with a major U.S. based client within chloralkali, diaphragm technology. Together we strive to reduce the impact of our environmental footprint by creating and bring innovative sustainable solutions to the industry market. This is according to our growth plan with focus on the North American market and contributes to the global green transition”, says Peter Lundström, CEO at Permascand.
The agreement is valid for three years and shall, unless terminated by a party, be renewed for two more years, a total of five years.
Sep 30, 2021
Permascand has received an order from its largest client, one of the major global players in the ballast water treatment system (BWTS) arena, for the supply of ballast water disinfection cells, confirming a continued partnership and further cementing Permascands position as one of the world leaders in the provision of ballast water treatment cells. The order will be included as order intake for the third quarter of 2021 and is worth EUR 17,5 million, with planned deliveries beginning 2022.
The discharge of untreated ballast water from ships can have a negative impact on the marine environment and is now strictly governed through a number of globally enforceable regulations. Permascand’s electrochlorination cells used to treat ships ballast water and other water purification applications, play a key part of increased sustainability within the field by preventing the spread of invasive aquatic species.
“We are happy to receive this order and to continue this well-established partnership with one of our major clients, it is of great value and is aligned with the green transition and future growth. It represents yet another significant step towards becoming the leading independent global supplier of electrochemical solutions for clean tech applications in green technologies.”, says Peter Lundström CEO at Permascand.
During the 2020 financial year, 61 percent of Permascand’s net sales were attributable to orders from the client. The client was established by a team of experts with a strong background and solid knowledge in waste and water treatment technology for marine applications. Driven by the needs of shipowners and stricter environmental protection legislation, the company started designing and manufacturing innovative BWTS. Today, the company holds a strong position in the global market for BWTS.
Sep 23, 2021
Permascand Top Holding AB (publ) (“Permascand”), an independent technology-driven manufacturer of electrochemical solutions, today announced that the company has signed a Collaboration Agreement with Verdagy for the development of a novel electrochemical cell to produce green hydrogen. The Collaboration Agreement follows the LOI signed between the companies in June 2021 and will accelerate the commercialization of the Electrochemical Cell that is the foundation for the Verdagy Water Electrolysis (VWE) process.
Verdagy and Permascand will collaborate on the development and commercialization of a novel large aspect ratio electrolysis cell capable of managing the heat and stress created by operating at much higher current densities than currently available with today’s water electrolysis technology. The nearly three-square meter cell and membrane architecture are key to dramatically lowering the upfront capital costs of a cell and system. Taken together, very large cells operating at high current densities are more productive, thereby lowering hydrogen production costs. By partnering, Verdagy and Permascand will be able to bring this technology to the broader market with the unprecedented speed necessary to accomplish the goals of Net Zero.
Peter Lundström, CEO at Permascand, said: “Signing this Collaboration Agreement is further support of our partnership with Verdagy and its desire to bring novel green hydrogen technology to the market. Verdagy’s technology and our ability to scale the manufacture of high-end electrolysis equipment will assure that the Verdagy process has the support and backing to rapidly impact the decarbonization of many industrial processes on the market”.
Verdagy is currently modifying its pilot plant facilities in Moss Landing, California, to operate 200kW cells at current densities 2 to 4 higher than the nearest competitor. Having a full-capability pilot plant and an experienced team of electrochemists, process engineers and plant operators in place provides Verdagy a rapid path to commercialization. The collaboration with Permascand will unlock low-cost hydrogen production.
Marty Neese, Verdagy’s CEO, stated, “Permascand is a great partner to bring our cell design to commercialization. Their focus on reproducibility and reliability along with the ability to competitively manufacture large quantities of large format electrochemical cells will be invaluable in the rapid commercialization of the VWE process. We are excited to be part of the Hydrogen Revolution”.
About Verdagy
Verdagy is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy’s industry leading solution has the potential to achieve both the lowest upfront capital costs and the lowest unit economics for production. The company’s technology will enable the decarbonization of large industrial sectors of the global economy and will make a very meaningful positive impact in the efforts to address climate change. Verdagy operates laboratory and pilot plant facilities in Moss Landing, California, to further develop and rapidly scale the technology platform. For more information, visit www.verdagy.com.
Jun 15, 2021
Permascand Top Holding AB (publ) (“Permascand”), an independent technology-driven manufacturer of electrochemical solutions, today announced that the company has signed a Letter of Intent (LOI) with Verdagy – a spin-out of Chemetry – for the development of a novel electrochemical cell to produce green hydrogen. The LOI will build on Chemetry’s successful relationship and development activities for the commercialization of electrochemical cells for Chemetry’s eShuttle® EDC process.
The purpose of the LOI is to evaluate the potential structure and process to develop and commercialize the electrochemical cell that will enable the Verdagy green hydrogen process.
Peter Lundström, CEO at Permascand commented: “We are excited to be part of this collaboration with Verdagy, offering our expertise for Verdagy’s hydrogen process commercialization and supplying the electrochemical market with high-end technology solutions that contributes to accelerating the global green transition”.
Verdagy is operating a pilot plant for a novel process to produce green hydrogen at its site in Moss Landing, California. Following the LOI, Permascand will use its expertise to ensure full reliability and a competitive cost base for the commercial electrolyzer that is a key part of Verdagy’s process.
Marty Neese, Verdagy’s CEO, said: “Collaborating with Permascand on the manufacturing scale-up of our hydrogen electrochemical cell is a key step towards rapidly commercializing Verdagy’s hydrogen technology. Through leveraging Permascand’s wealth of experience, Verdagy is confident we will be able to manufacture a reliable cell while at the same time accelerate the commercialization of our green hydrogen technology. Verdagy’s technology will safely and sustainably deliver green hydrogen at the costs necessary to enable hydrogen to be a key part of the carbon reduction needed to reduce the impact of climate change. We are very excited to have Permascand as a partner on our path to commercialization.”
About Verdagy
Verdagy is innovating water electrolysis technology for the large-scale production of green hydrogen. Verdagy’s industry leading solution has the potential to achieve both the lowest upfront capital costs and the lowest unit economics for production. The company’s technology will enable the decarbonization of large industrial sectors of the global economy and will make a very meaningful positive impact in the efforts to address climate change. Verdagy operates laboratory and pilot plant facilities in Moss Landing, California, to further develop and rapidly scale the technology platform. For more information, visit www.verdagy.com.
