We continue to deliver on our strategy and the activity level is high throughout the business. Metacon is gradually approaching the goal of our most important milestone; to have certified and commercial products for the global market.

Some important milestones that we achieved during the quarter are:

  • Helbio received the final report from the EU Commission with approval of the Prometheus5 project concerning the development of a 5kW micro-CHP system, an innovative, environmentally friendly and efficient solution for power and heat production using hydrogen and fuel cells. Helbio met the requirements successfully and got the whole amount of the grant.
  • Metacon invested EUR 1.5 million in Helbio and increased its ownership to 56.63%
  • Metacon KK (Japan) received an order to deliver a reformer and fuel cell to Adsorption Technology, which is a wholly owned subsidiary of the Futamura group.

“The environmental issues will continue to be important to us and we continue to strengthen our positions in the markets where we see that future growth will exist. “, says Christopher Tornblom, CEO of Metacon.

Metacon Q3 2019 (Swedish) »

For further information
, please contact CEO Christopher Tornblom, phone +44 7827 509544 or
e-mail info@metacon.se

This information is information that Metacon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on November 7, 2019.


About Metacon AB (publ)

Metacon AB (publ) is an international energy technology company. It offers patented technology for cost efficient and environmentally friendly production of hydrogen, through a catalyst process, for the transportation, industrial, commercial- and residential real estate sector.

Additional information may be found at https://metacon.se | Twitter: @Metaconab | LinkedIn: https://www.linkedin.com/company/metaconab