Reference is made to CrayoNano´s press release on NOTC today. Nordic Technology Group AS (NTG) has a financial holding of around 14,9% in CrayoNano AS. The management and board of directors in CrayoNano with advisors have explored various options to address and stabilize CrayoNano´s operational and financial challenges in a difficult market. Depending on the outcome, NTG will consider the need for writing down the investment in CrayoNano AS. The potential write down will not have any cash effect on NTG´s operations.
For further information, please contact:
Rune Rinnan
Chief Executive Officer
E-mail: rune.rinnan@ntechgroup.no
About Nordic Technology Group
Nordic Technology Group (NTG) is dedicated to technologies contributing to solve society challenges by using electronics and software as its building blocks. By devotion to its technology segments, sensor, nanomaterials and clean-tech, NTG is targeting international markets and building industry leaders, by utilizing synergies within and across each of its technology sectors and by leveraging on its extensive patent library to secure shareholder value and growth.