Täby, 22 November 2021. Nilar International AB: s subsidiary Nilar AB announces today that two redundancies have been issued, among collective agreement employees and salaried employees in Gävle and salaried employees in Täby. The dismissal will affect 110 employees. Negotiations with trade unions will begin.
The background to the message is a need to temporarily slow down the business.
As previously announced, both Nilar and Nilars partners have had great difficulties with the purchase of electronic components, which has had a significant effect on sales for the period. In addition, problems with product stability and product quality have now arisen during the escalation of production. To avoid inventory build-up and until product stability and quality issues have been resolved, Nilar will temporarily reduce production and delay planned escalation.
For further information, please contact: Erik Oldmark, VD
+46 70 432 4444
Matilda Ekman Vråmo
+46 72-213 01 28
Nilar is a Swedish-based developer and manufacturer of batteries for stationary energy storage systems. Energy storage systems can be used to bridge imbalances between energy production and demand, for example to improve the utilization of intermittent electricity production from renewable energy sources, such as solar energy and wind power, and to strengthen the increasingly strained power grid. NilarThe battery technology is based on nickel-metal hydride (NiMH) electrochemistry with a water-based electrolyte, which results in a strong environmental, safety and service life profile. The company is headquartered in Täby and the energy-efficient production facility has been located in Gävle since 2012, where the company’s research and development also takes place.
The Nilar the stock is listed on the Nasdaq First North Premier Growth Market, ticker NILAR. FNCA Sweden is a Certified Adviser +46 8 528 00 399. For more information go to www.nilar.com.
This information is information that Nilar International AB is required to publish under the EU Market Abuse Regulation. The information was submitted, through the care of the above contact person, for publication 2021-11-22 23:15 CET.
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