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NEWS December 20, 2018

Cyber security company Defentry raises 3.6 MSEK

The Defentry team

The Defentry team

Defentry  helps companies control their data and coach people to become cyber security experts using AI. During the fall, the company has closed a funding round of around 3.6 MSEK from, among others, the private investor John Fällström, to further expand the business.

Defentry has had strong growth in the last quarter and signed agreements with market-leading partners. The company has also joined forces with two of the world’s foremost white hackers, Dan Egerstad and Adam Ljungrell, and bought one of the world’s largest databases of leaked information.

“Both private individuals and companies are increasingly aware of the importance of cyber security. That companies should do everything in their power to protect their data is a no brainer, companies that do not prioritize this issue will die quickly,” says Christer Hernestig, founder of Defentry.

In addition to John Fällström, the investors Malin Sjöstrand (Scriin), Per Vasilis, Jonas Brunius and Gerhard Dal also participate in the 3.6 MSEK funding round. The capital will be used to build the organization for Defentry’s growth journey. In the coming days, the company moves to new premises and several key people are joining the company.

“Cybersecurity is a hot topic and a matter for everyone, both companies and individuals. Defentry is the most exciting company in the market right now, that’s why I chose to invest in them,” says John Fällström, CEO, NV Capital.

About Defentry
Defentry helps companies control their data and coach people to become cyber security experts using AI. Using our technology, users can control their own data. We make sure your personal information remains yours. #BeYourOwnHero
www.defentry.com

More information
Gabriella Kepinski, PR, Defentry, gabriella@defentry.com

NEWS December 18, 2018

Care to Translate launches medical interpretation app to break language barriers globally

Care to Translate co-founders (from left): Martin Schalling, Annie Backman and Linus Kullänger

Care to Translate co-founders (from left): Martin Schalling, Annie Backman and Linus Kullänger

Care to Translate was launched one year ago and is already one of the most used translation tools in Swedish healthcare. The company has grown organically, and the app has over 22,000 users. Care to Translate is now launching its service to the European market. The goal is to help healthcare personnel and patients communicate across language barriers.

Care to Translate was founded in 2018 by a team of physicians and medical students who left the clinic to wholeheartedly devote their time and efforts to solve problems caused by the lack of interpreters in healthcare.

“The problem with language barriers in healthcare is serious and overlooked. Inability to communicate leads to additional costs for healthcare providers and a significant reduction in quality of care and patient safety. Additionally, insufficient translation makes patients feel insecure. These issues are what we seek to change,” says Linus Kullänger, CEO and co-founder.

Compared to other translation tools, such as Google Translate, Care to Translate delivers medically correct translations, providing secure communications between healthcare personnel and patients.

“In Sweden the need and demand for correct translations is huge. The fact that our service, in such a short period, has attracted so many users only through word of mouth is a clear sign that Care to Translate meets an important need. The need is in fact global. Therefore, it is a natural step to expand outside Sweden,” says Annie Backman, COO and co-founder. The first focus in Europe is the German and English speaking markets.

The new release of Care to Translate was improved via user feedback. It now has an increased capacity and can translate 500 medical phrases in over 20 languages. The interface has been developed with field specific categories and a search function, making it a lot more useful.

“We will be able to help many different healthcare professionals, including personnel in ambulances, emergency rooms, delivery and general wards to communicate. Soon, clinics will be able to distribute the service amongst all of their employees,” says Linus Kullänger.

“Today, a large group is exposed to poor care due to language barriers. It is common that children and other family members have to act as translators. Our goal is to make healthcare more equal and safe, both in Sweden and globally,” Linus Kullänger further states.

Contact
Linus Kullänger, co-founder and CEO, linus.kullanger@caretotranslate.com, +46 73-322 55 45

Care to Translate, is a company driven by medical students and physicians. Their app translates 500 different healthcare phrases in 20 different languages. The company’s vision is for healthcare personnel and patients to be able to communicate with each other regardless of language. It was founded by Linus Kullänger, CEO, and Professor Martin Schalling from Karolinska Institutet and Karolinska University Hospital with co-founder Annie Backman, MD and COO. The new service launched in December 2018 in EU. The plan is to launch in 10 additional language markets next year. www.caretotranslate.com

NEWS December 13, 2018

23 million in extra investment capacity when Saminvest matches Propel Capital investors

Övre raden från vänster: Peder Hasslev (Saminvest), Erik Wijnbladh (Saminvest), Maria Ljungberg (Propel Capital). Nedre raden från vänster: Anna Ljungbergh, Lars Lindgren, Mattias Weinhandl, Anders Göransson och Boel Swartling.

Six business angels in Sting’s business angel company Propel Capital IV are the first in Sweden to get a co-investment agreement with Saminvest in an initiative where Saminvest undertakes to invest up to 23 MSEK together with the selected business angels when they make direct investments in Propel Capitals portfolio companies, as a complement to the business angels’ own investments for the same amount.

Propel Capital IV is a business angel company linked to Sting, the leading ecosystem for startups with high growth potential in the Nordic region. Propel Capital allows business angels to become indirect shareholders in a large number of promising startups. The angels also have the opportunity to make direct investments in their favourite Propel Capital companies. Saminvest has invested 8 MSEK in Propel Capital IV and, as a complement to this direct investment, Saminvest will now match the continued investments of selected business angels in Propel Capital IV’s portfolio companies.

“Our goal is to improve the growth opportunities for promising innovation companies until they become investment ready for major venture capital players,” says Peder Hasslev, CEO of Saminvest.

The selection criteria for getting a co-investment agreement include previous experience of making investments in startups, willingness and capacity to make investments going forward and that the business angel is judged to be an active and serious investor in companies she or he has backed. The six business angels who are the first to get a co-investment agreement are Lars Appelstål, Anders Göransson (via Soläng Invest), Lars Lindgren, Anna Ljungbergh, Boel Rydenå Swartling and Mattias Weinhandl.

“We are very happy that we are now live with the co-investment agreement and that our companies get even better financing opportunities. It is a highly qualified group of investors who are the pioneers in this important initiative and we hope that additional Propel Capital investors will eventually join the co-investment structure,” says Maria Ljungberg, Head of Investor Relations at Sting and Propel Capital.

Lars Lindgren is one of Sweden’s most seasoned business angels, with experience of more than 60 investments in unlisted companies. “With a co-investment agreement, a business angel can effectively double its investment volume, which will make the financing rounds less time-consuming for the entrepreneurs, thus providing for more time to what really builds value, that is, doing business,” says Lars.

Boel Rydenå Swartling, Investor and Entrepreneur, comments “It is very positive that Saminvest chooses to back business angels with the aim of contributing to the growth of young companies. With this agreement, I will be able to contribute my capital and expertise to more companies in the areas that I am passionate about, i.e. companies that have a positive impact on, for example, the environment, equality and integration,” says Boel.

“The business angels play a key role in the financial ecosystem. With this initiative, we strengthen the financing capacity of the angel investors and will in this way contribute to the growth of a number of startups,” says Erik Wijnbladh, Head of Fund Investments at Saminvest.

The management of both the investment in Propel Capital IV and Saminvest’s additional investments in Propel Capital IV companies is managed by Sting.

More information
Maria Ljungberg, Head of Investor Relations at Sting: maria.ljungberg@sting.co, 0708-36 22 31
Peder Hasslev, CEO Saminvest, peder.hasslev@saminvest.se
Erik Wijnbladh, Head of Fund Investments Saminvest: erik.wijnbladh@saminvest.se

About Saminvest
Saminvest is an investment company with the mission is to stimulate the innovation economy in Sweden by indirect investments. This implies that innovative and fast-growing companies will get improved access to both capital and active ownership. Saminvest invest together with national and international private investors on a pari passu basis and thereby increasing funding availability, risk-taking capability, investment expertise and network access. We primarily focus on emerging teams managing the venture capital and growth funds of tomorrow. Saminvest also holds two fully owned subsidiaries Fouriertransform AB and Inlandsinnovation AB.

About Sting and Propel Capital
Since 2002, Sting has helped entrepreneurs to develop their business ideas into successful growth companies. We offer startups financing, business development support and world-class networks. Sting has supported over 240 startups, of which 70 percent continue to grow and grow today. Together, all Sting companies have a turnover of over SEK 2.1 billion. In addition, they have created over 1800 jobs. Linked to Sting is Propel Capital, which since its inception in 2014 through Propel Capital I, II III and IV has invested nearly SEK 25 million in over 70 STING companies. The portfolio includes companies such as Sellpy, Signal Signal, DP Organizer, Elly Pistol, Sniph, Airinum and Sudio.

NEWS October 23, 2018

Skillbreak launches a platform to democratize creativity

Skillbreak founding team. From left Lina Johansson and Matilda Hannäs (CEO).

Skillbreak founding team. From left Lina Johansson and Matilda Hannäs (CEO).

Swedish impact-tech company Skillbreak has created a new social learning platform aiming to spread creativity and allow people to meet in a time when we live increasingly isolated and screen-dependent. The idea is to make expert knowledge in arts, crafts and design available to the public.

Stockholm-based Skillbreak was founded in 2016 by Matilda Hannäs and Lina Johansson with the vision of becoming Europe’s leading platform for unique learning experiences. Skillbreak offers hundreds of unique, short and social learning experiences with the leading creative experts in Sweden. Through the platform, creators in design, arts and crafts are matched with people who want to learn new things. Experts share their skills in their own homes, studios and workshops and through the Skillbreak platform they get the tools to earn money on their expertise.

“We want to enable hundreds of thousands of craftsmen, creators and artists around the world to make a living on their creativity,” says Matilda Hannäs, CEO and one of the founders of Skillbreak. “In this way, it is also a sustainability strategy that contributes to new jobs, professional skill training and preserves culture and traditions. The workshops we offer make it easier to lead a sustainable lifestyle and we focus on categories such as green cooking, farming, minimalism, textile recycling and ceramics.”

The vision is to become Europe’s leading platform for unique learning experiences. In the long term, Skillbreak will offer a new way of traveling and learning new things locally.

“Our big idea is about democratizing creativity. There’s something mysterious and unattainable with creativity and we want to make it more available to each and every one. In the long term, anyone should be able to learn anything anywhere in the world,” Matilda continues.

The Skillbreak concept has since inception been about spreading creativity and allowing people to meet in a time when we live increasingly isolated.

“The social part is extremely important, we long for good reasons to meet in depth and make meaningful things with family and friends. A lot of people I know are tired of going out to have a beer to socialize. Also, when you work in an office, like I do, we also yearn for getting away from the computer screens and to do something with our hands,” says Matilda.

Matilda Hannäs comes from a craftsman family but has worked her whole career in the tech industry, most recently at Spotify. She has been featured on  DI’s list of hottest tech entrepreneurs under 40. The Skillbreak team is expanding and has now signed a Marketing Manager and Development Manager in September to advance faster. Skillbreak’s product range is growing rapidly (currently including more than 150 different workshops) and all courses are booked online at skillbreak.com. The courses are physical and packaged in a bite-sized format of approximately 2-5 hours per course. Some examples of Skillbreaks are “create a chic wall hanging in macrame“, “sprout seeds“, “design and create in ceramics“, “ink painting with a focus on flowers” as well as “sensory techniques and bubbles“.

More information
Matilda Hannäs, CEO / Founder Skillbreak, matilda@skillbreak.com, + 4670-776 60 06, Visiting address: Norrsken House, Birger Jarlsgatan 57c, Stockholm.

Platform: www.skillbreak.com
Blog: https://blog.skillbreak.com
Facebook: https://www.facebook.com/goskillbreak/
Instagram: https://www.instagram.com/goskillbreak/
YouTube: https://www.youtube.com/watch?v=nMlFWBxIoD8
Pinterest: https://www.pinterest.se/goskillbreak/boards/

NEWS September 26, 2018

Healthtech company Learning to Sleep raises 3.3 MSEK

Learning to Sleep, a company that develops a digital CBT-based tool to help people with sleep problems, has raised 3.3 MSEK from Almi Invest, Alltrum, Proos Consulting and Malte Rohlin. The capital will be used to continue the company’s expansion, both in Sweden and internationally.

Learning to Sleep has developed the clinically validated digital treatment program Sov bättre, which treats people with persistent sleep problems. With Sov bättre, the patient receives an individualized 5-week treatment based on CBT, cognitive behavioral therapy and a personal sleep coach.

“More than half a million individuals seek care for sleep problems every year, only in Sweden. At the same time, waiting times for assistance through therapy are often long and the cost for society high. With Learning to Sleep’s evidence-based digital tools, more people can get help faster, at lower cost,” says Per Antonsson, Investment Manager at Almi Invest.

The fact that the tool is digital, proving its users with reminders to perform their tasks, gives greater compliance than other non-digital aids programs. So far, Learning to Sleep has treated over 1,000 patients in Sweden and 94 percent of them now have better sleep.

“We are very pleased to welcome Almi Invest as an investor in the company, now when we are preparing to take the next step in our journey. Almi Invest provides us not only with capital, but also a large network of investors and expertise in financing. Now we are looking forward to an exciting autumn and to contribute to a better health in Sweden and in the countries we are about to expand our business,” says Micael Gustafsson, CEO of Learning at Sleep.

The capital will be used to continue the establishment of the service on the Swedish market, primarily in primary care, and to start the preparations for the international launch.
Learning to Sleep is a Sting Incubate company.

For further information contact
Micael Gustafsson, CEO Learning at Sleep, tel +46 736 993 601, mail micael@learningtosleep.se

Per Antonsson, Investment Manager Almi Invest, tel +46 708 728 717, mail per.antonsson@almi.se

NEWS September 3, 2018

Here are the 14 new Sting companies

Democratization of artificial intelligence, micro lending on equal terms, speech synthesis, ID hijackings, crowd funding of music, leisure activities, language challenges in healthcare and interpretation of radiographs are some of the areas addressed by the 14 carefully selected companies that have been accepted to Sting this autumn. The list of companies is announced today when the entrepreneurs meet for the first time at Sting’s newly opened premises at A house.

“It has been a tough selection process leading up to the start of the autumn programs,” says Karin Ruiz, business coach at Sting. “It’s a strong line up of companies that represent a wide range of exciting business ideas. We see a clear trend in an increasing number of startups that utilize the power of artificial intelligence and deep learning to tackle major challenges related to for example safety, health and climate,” she continues.

In addition to office space at A house and the network with each other and the Sting team, the companies will get individual coaching in business development and financing, recruitment support and access to Sting’s wide network of industry contacts and investors. The companies also have the opportunity to get an investment of SEK 300,000 from Propel Capital, Sweden’s most active private seed investor.

“With our new premises at A house, we now have the opportunity to run the Incubate and Accelerate programs in one place, which we believe will contribute to an even stronger Sting Community and better opportunity for the startups to exchange experiences and networks with each other,” says Fredrik Rosengren, new Program Manager of the Sting Accelerate Program.

Poki Robotics is one of the new Sting Incubate companies. The company develops task-specific robots to help businesses become more efficient and sustainable.

“Our participation in the Sting Incubate program will give us a great opportunity to scale up Poki Robotics. We are looking forward to getting to know the network and being inspired by the other companies, as well as challenging ourselves. In the spring, the goal is to sell the first robots to customers in Sweden. A challenge for us will therefore be to further develop our product with limited time and resources,” says Fredrika Kringberg, co-founder at Poki Robotics.

Fairlo, one of the new Accelerate companies, challenges the micro loan market with its service that gives people the opportunity to solve an unexpected expense with a loan on equal terms.

“We launched Fairlo in April and got off for a good start. Now we want to use the momentum we have to accelerate into 2019, with the goal of making “Vardagslånet” the obvious choice for unexpected expenses. We hope that Sting, with its solid and proven models, will help us to identify the next-generation star developers, and that the network and experience in the organization will provide great support in the international expansion of our business,” says Jimmy Hanna, CEO and co-founder of Fairlo.

Sting has coached over 240 startups since the start in 2002. The companies had revenues of over 210 MEUR in 2017 and have attracted almost 450 MEUR in private capital. Stings alumni companies include companies like Barnebys, Bioservo, DPOrganizer, Karma, Videoplaza, Volumental and Yubico.

Companies selected to Sting Accelerate
Defentry is a cybersecurity company that combats ID hijackings and hacked accounts through the use of large data acquisition, AI and machine learning. Defentry supports its customers in anticipating risks and finding new solutions that prevent intrusion and fraud with the objective of making them less exposed on the internet. Defentry also offers a personal and secure platform for its customers to monitor its data, identity and integrity. www.defentry.com

Fairlo is a TechFin startup that launches a new era for small loans. With a system based on the latest technology, Fairlo offers people the opportunity to solve an unexpected expense with a small loan at equal terms. Whoever borrows from Fairlo owns the power and can at any time pay off the loan, change the amortization plan or change the due date, all in one click and free of charge. fairlo.se

Friendtivity provides leisure activities for school kids in a new way –at home, in small groups around an interest such as music, programming or something totally different and led by an employed friendtivity leader. Via the platform , parents can seamlessly find leaders, book and pay for the activity at a very competitive price.  friendtivity.se

Signe is a digital platform for crowdfunding of concerts. Organizers, artists and fans can easily create an event and start raising money for an upcoming concert. Signe allows fans to participate and influence who organizers should book, whilst minimizing risk for the organizer to lose money on the event. Signe.io

Språk i Vården develops a medical interpretation tool for healthcare providers that reduces healthcare costs and increases effectivity while it at the same time strengthens patient safety and integrity. Our tool is available as an application for smart devices and can be used by all healthcare professionals in a broad range of healthcare situations. www.sprakivarden.se

Ugglo is a multi-lingual audio book service for kids. We combine the picture book with the audio book to create a truly fun and captivating reading experience. Thousands of kids in Sweden improve their reading and language skills with Ugglo every day. www.ugglo.se

Zenia provides high converting E-Commerce marketing traffic to webstores, helping sellers to market their products organically and through paid posts by sharing – promoting – converting. www.zenia.ai

Companies selected to Sting Incubate
DeepMed’s
vision is to redefine how radiographs (x-ray images) are being used in orthopaedics by applying artificial intelligence for the use in x-ray interpretation. With our software, built on deep learning, we support radiologist and other healthcare-professionals in detecting and classifying orthopaedic radiographs in a more efficient and accurate way. deep-med.com

Greenlytics provides data science solutions for the power industry. Our vision is to harness the power of data to create a sustainable energy future. Our first product, WindMind, is a tool that, with the help of advanced analytics and artificial intelligence, creates ultra-accurate wind power forecasts, which enables wind power producers to lower imbalance costs, increase profitability of wind power and make wind power cheaper for the consumer. www.greenlytics.io

Kavalri Games emerged from the passion for creating qualitative equestrian games. We’re developing the mobile game Equestrian the Horse game – a game which lets the player build their equestrian career from the ground up. Our players are mostly girls with an equestrian interest, and they’re passionately supporting our development. equestrianthegame.com

PerceptiLabs is a Deep Learning company developing the software QuantumNet. With a vision of democratizing artificial intelligence, QuantumNet simplifies the creation and understanding of AI-models by removing the need of programming and deep mathematical knowledge. The programming is replaced with a simple drag & drop of building blocks where the user e.g. can go into each building block and see how the AI-model learns in real-time. www.perceptilabs.com

Poki Robotics develops task-specific autonomous robots to help companies become more efficient and sustainable. The products are based on a robotics platform that is adjustable to different needs and environments. Our first product is a smart, self-navigating robot that collects golf balls on golf ranges. We offer a technical solution that includes high accuracy local positioning together with intelligent software. www.pokirobotics.com

SciPro’s Thesis Management System is an online IT-support system for management and supervision of theses at bachelor, master and PhD education levels. It allows the entire thesis writing process to be managed in a clear and structured way.  It gives students a clear methodology, supervisors a channel to communicate with students and decrease their administrative workload and school administrators a total overview. www.sciproprojects.com

TorTalk creates text to speech applications for schools, universities and workplaces.
Our end users are people with dyslexia, ADHD and those who prefer to listen to their second language. TorTalk’s software removes barriers, help increase efficiency and reduce stress for users. tortalk.se

NEWS August 27, 2018

Launch of Block Block, the Nordic region’s first co-working space for blockchain

The start-up scene in Stockholm continues to boom. Gaming, Fintech, Foodtech and Blockchain are hot discussion topics at almost every event and business lunch in Stockholm. In order for Sweden to become a leader in the next digital revolution, Blockchain, the Nordic region’s first dedicated co-working space for block-chain companies, Block Block, is now opening in Stockholm.

At Linnegatan 89, Block Block is launching after the summer. Initiative takers are Cofound.it and Embassy House. Sting is also participating as a content partner. The aim is to gather various skills within Blockchain under one roof to build internationally competitive companies faster.

“We move into attractive premises on Linnégatan 89, where FOA laid the foundation for Swedish computer history in the 50’s. We will officially open the first of September but a few companies have already moved in”, says Anders Nilsson at Embassy House, one of the founders of Block Block.

“A comprehensive initiative is needed in this area and we want to take the lead. The purpose is to create a place that is open to everyone interested in Blockchain and those who want to learn more about the possibilities in this area, says Jens Frid at Cofound.it and continues: “The competence is here, as well as the curiosity to develop new solutions and companies. Now it is important to address the area and make sure that more people begin to build the new digital infrastructure.”

“We are passionate about helping these blockchain entrepreneurs, going from idea to reality quickly and efficiently. Together we with the founders of Block Block, we will run one of our programs, Test Drive, in the fall, with specific focus on early stage startups within blockchain and artificial intelligence. With the continued need for digital transition, new fast-paced companies are breaking ground,” says Jonas Lindqvist, business coach at Sting, who will lead the Test Drive Blockchain program.

About Cofound.it
At Cofound.it we match blockchain businesses with the essential resources for success. We believe that the global economy should be open to all entrepreneurs, no matter who they are or where they are from. In 2017 when we began our journey, we supported blockchain entrepreneurs to launch ICOs; we’ve now expanded our services to post-funding startups and have a full menu of resources from advisors, to investors to sector experts. Our services and tools offer the support needed to help turn today’s blockchain visions into tomorrow’s reality.

About Embassy House
Embassy House was launched in 2016 and offers start-ups and growth companies affordable office solutions in industry-focused co-working spaces. Since its inception, more than 100 companies have moved into Embassy and Linnégatan 89 is now house number 3.

About Sting
Since 2002, Sting has helped entrepreneurs to develop their business ideas into successful growth companies. We offer startups financing, business development support and world-class networks. Sting has supported over 240 startups, of which 70 percent continue to grow. Together, all Sting companies have a turnover of over SEK 2.1 billion. In addition, they have created over 1800 jobs.

BlockBlock.co www.blockblock.co
Linnégatan 89 heyhey@blockblock.co
11523 Stockholm

NEWS August 23, 2018

Sting Bioeconomy to accelerate future growth companies within renewable product and services

Today, Sting Bioeconomy, a new cutting-edge incubator, is being launched to help develop innovations in forest-based bioeconomy and increase the number of fast growing companies in this area. Victor Isaksen, experienced entrepreneur and forest owner, becomes president of the newly-started Karlstad-based incubator.

The venture is a collaboration between the world-leading cluster of forest-based bioeconomic companies, Paper Province, Region Värmland, Karlstad Municipality and Sting, the Nordic region’s leading incubator for startups with high growth potential.

The new incubator will be based in Karlstad, with the aim of leveraging Värmland’s strong position within forest-based bioeconomics. Värmland is home to world-leading industry within this area with large companies like Rottneros and Nordic Paper, as well as the strong bioeconomic cluster Paper Province. Stockholm-based incubator Sting will also participate as a partner in the project, contributing its experience in developing high tech startups and its international network of investors and business contacts.

Victor Isaksen will take on the challenge to build Sting Bioeconomy. Victor has a background as an entrepreneur and as a forest owner, providing knowledge and experience that will be useful in his work. “I look forward to building Sting Bioeconomy into a world-leading ecosystem for young promising companies focusing on sustainable services and products based on renewable resources,” says Victor. “I also look forward to the cooperation with Sting, that is internationally recognized as one of the world’s best incubators with its proven working methods,” he continues.

Sting Bioeconomy welcomes startups from all over the country to its program and, with its base in Karlstad, will provide part of its offer virtually and with close connections to Stockholm. Promising startups with business ideas in areas such as bioenergy, new packaging solutions and optimization of forest and paper industry processes are expected to join the incubator. Business develop support, financing and internationalization will be important part of the new incubator’s offer to accepted startups.

Since the start of 2002, Sting has supported over 240 companies. The companies currently have aggregated revenues of over SEK 2.1 billion. Pär Hedberg, CEO and founder of Sting, commented on the collaboration:
“For us at Sting, this is the first time we put our name on a venture outside of Stockholm, and we are look forward to contributing our experience and our networks to Sting Bioeconomy with the aim of building an edge incubator that truly delivers value for promising startups within this important area. We are also very excited to cooperate with world-leading large companies and regional players in Värmland to make this initiative a success,” says Pär Hedberg.

Contact
Victor Isaksen, CEO Sting Bioeconomy, 070-636 93 25
Pär Hedberg, CEO Sting, 070-855 03 18

NEWS June 4, 2018

Surfcleaner AB appoints Mikael Andersson as new CEO

Christina Lundbäck and Mikael Andersson, Surfcleaner.

Surfcleaner AB enters an industrialization and commercialization phase and is strengthening the organization through the recruitment of Mikael Andersson who has over 20 years of experience as CEO of industrial companies.

Surfcleaner have developed a patented technique for absorbing and separating pollutants floating on the water surface. The increased awareness and focus on improving our environment has led to an increased demand for technical solutions for water purification. Surfcleaner see an increased demand and will therefore focus on industrializing and commercializing the products on an international market.

Mikael Andersson is appointed as new CEO of Surfcleaner. Mikael has more than 20 years of experience as CEO of industrial companies, focusing on structuring, internationalization and growth. Mikael also has experience from product companies with customer focus and industrialization of products. His most recent experience includes a CEO position at ÅAC Microtec, where he was a part of the IPO process on Nasdaq First North.

– I am delighted to be joining the Surfcleaner team. Surfcleaner has a fantastic innovation and I am looking forward to helping the company grow and strengthen Surfcleaner’s position as one of the leading suppliers of water purification products. We have for a long time, polluted our planet by releasing hazardous waste in to our seas, lakes and rivers. So it is very inspiring to be a part of the solution to the problem, stated Mikael Andersson, the newly appointed CEO for Surfcleaner AB.

– I am pleased to welcome Mikael as CEO of Surfcleaner. This is an important step in our growth strategy to establish Surfcleaner as one of the largest European suppliers of products to the water purification market. With his solid skills and experience, Mikael is an important component of our continued expansion, stated Christina Lundbäck, owner and CMO at Surfcleaner AB.

For more information:
Please visit: www.surfcleaner.com or contact:
Chairman of the board Christina Lundbäck, christina.lundback@surfcleaner.com, +46 70 868 88 26 CEO Mikael Andersson, mikael.andersson@surfcleaner.com, +46 70 515 26 00

About Surfcleaner:
Surfcleaner has developed a new patented technology to eliminate and separate pollution from water surfaces. Customers are authorities and companies that have problems with pollution on water. Surfcleaner can be used on the open seas, offshore, rivers, ports, wells, water treatment plants and water towers. It eliminates proteins, foam, debris, oil sheen and thicker oil from water surface.

NEWS May 8, 2018

Orexplore behind Swedish digital breakthrough in the mining industry –

The Swedish-Australian company Orexplore has launched the world’s first fully-featured digital drilling cores laboratory – the GeoCore X10. The product, which won a Red Dot Industrial Design Award in 2017, analyzes the element concentrations and minerals contained in a drill core, as well as provides a visualization of the rock’s internal structure in 3D. What previously took weeks of expensive chemical laboratory analysis can now be done while drilling, which will revolutionize both ore exploration and mining.

With Orexplore’s innovative equipment, the world’s geologists get a new and exciting tool for finding ore deposits as well as streamlining existing mines. The opportunity to take a drill core, and immediately see what it contains, is completely groundbreaking. By visually looking at the structure of the rock, geologists can form an idea of how the bedrock has been transformed over time, how minerals are distributed and how valuable the ore body really is.

“In Sweden, we have hundreds of years of mining experience in addition to our skills in technology and IT. With this history, it is perhaps not so strange that the GeoCore X10 was created right here, says Kevin Rebenius, CEO and founder of Orexplore. The entire mining industry, a somewhat conservative industry, is now facing a revolution in digitalization and the use of IT. And Sweden is the country leading the transformation.”

GeoCore X10 is the result of over 20 years of X-ray research, algorithm development and sensor technology. Despite the advanced technology, the goal has been to design a product that is so simple that it can be used by anyone. Moreover, the measurement is non-destructive, which means that you do not need to prepare the drill cores beforehand.

The digital data produced with the equipment can be analyzed by a geologist at the site or on the other side of the globe. By examining multiple drill cores from different holes and different depths, geologists can form an idea of how the bedrock underneath our feet looks and what it contains.

GeoCore X10 is first launched in Australia, in collaboration with the Swick Mining Services Group, and globally later this year.

Orexplore participated in Sting’s incubator program during 2010-2011.

For more information, please contact:
Kevin Rebenius | CEO, ‭+46 70-795 99 84‬, kevin.rebenius@orexplore.com