PCAT Photocat A/S

Photocat Announces Expanded Partnership with Laborat to Revolutionize the Solar Industry with ShineOn

Photocat Announces Expanded Partnership with Laborat to Revolutionize the Solar Industry with ShineOn

September 15th 2023       

Photocat Announces Expanded Partnership with Laborat to Revolutionize the Solar Industry with ShineOn

Roskilde, Denmark. September 15, 2023 – Photocat, a leading innovator in sustainable solutions, is thrilled to announce the expansion of its partnership with Laborat to further promote ShineOn, a cutting-edge product that can revolutionize the solar industry. ShineOn is a tailor-made solution designed to imbue in solar panel glass, with self-cleaning properties and enhanced efficiency of photovoltaic panels. These properties are resulting in substantial cost savings related to decreased need of cleaning and hence a significant reduction in CO2 emissions associated with cleaning processes. Further, particularly in regions prone to heavy soiling, the efficiency enhancement will lead to higher electricity output.

With a global cumulative photovoltaic capacity exceeding 1,185 GW, supplying over 6% of the world's electricity, the solar industry has become a vital component of our sustainable energy landscape. The ongoing commitment to increase the electricity output of photovoltaic systems is of paramount importance to meet growing energy demands while minimizing environmental impacts. The US National Renewable Energy Laboratory (NREL) has estimated that annual fouling losses in photovoltaics can range from 0-7% in the US and up to 50% in some parts of the world.

Photocat's partnership with Laborat is a critical step in achieving these objectives. By harnessing the power of ShineOn, we aim to significantly enhance the performance and longevity of solar panels, thereby reducing maintenance costs and environmental footprints. The self-cleaning properties of ShineOn not only streamline maintenance efforts but also lead to substantial financial savings on cleaning costs and significant financial gains on increased electricity output, making solar energy even more accessible and economically viable for photovoltaic companies.

One of the most exciting aspects of ShineOn is its potential to maximize electricity output, particularly in regions plagued by heavy soiling, such as dust, pollen or pollution. By preventing the accumulation of contaminants on solar panels, ShineOn ensures that the panels maintain their peak efficiency, resulting in increased energy production. This innovation is set to benefit photovoltaic companies, making solar energy a more attractive and dependable choice.

Photocat and Laborat are fully committed to engaging with photovoltaic companies and supporting programs aimed at further maximizing the electricity output of solar panels. Our collaborative efforts will include research, development and implementation of ShineOn solutions, as well as education and outreach to raise awareness of the benefits it offers to the solar industry.

Pedro Noé (General Manager of Laborat) and Jesper Elsgaard (CBO of Photocat A/S) are mutually very pleased to engage into this expanded commercial partnership on such relevant area for the infrastructure of sustainable energy production.

In conclusion, our expanded partnership with Laborat represents a significant milestone in Photocat's mission to advance sustainable solutions for a greener future. ShineOn's self-cleaning properties and enhanced electricity output capabilities are poised to make a lasting impact on the global solar industry. With the growing demand for clean energy, we are confident that our collaboration will contribute to a more sustainable and prosperous world.

For further information, please contact:

Jesper Elsgaard

Chief Business Officer

Photocat A/S

Tel:

e-mail:

About Photocat

Photocat is a leading innovator in sustainable solutions, dedicated to harnessing the power of photocatalysis to create a cleaner and more sustainable world. With a focus on cutting-edge technologies and partnerships, Photocat is at the forefront of environmental innovation. Photocat’s shares are listed on Nasdaq Stockholm, First North with the ticker symbol PCAT. The company’s Certified Advisor is Mangold Fondkommission AB.

About Laborat

Laborat Group enjoys a solid reputation in various fields of science, such as biosafety, health and the food industry. Its expertise in the processing and application of state-of-the-art materials plays a key role in creating innovative solutions for various sectors.

Photocat A/S (publ) l Langebjerg 4 DK-4000 Roskilde l Tel: l

Attachment



EN
15/09/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Photocat A/S

 PRESS RELEASE

SIKA AG signs license agreement on Photocat Bitumen technology to comb...

SIKA AG signs license agreement on Photocat Bitumen technology to combat Air Pollution December 19th, 2024        SIKA AG signs license agreement on Photocat Bitumen technology to combat Air Pollution. SIKA AG, a global leader in building and roofing solutions, has signed a license agreement to utilize Photocat's patented Bitumen technology for its SikaShield Pure-Air product line. This technology enhances bitumen waterproofing membranes with air-cleaning properties, addressing one of the world's most pressing challenges: air pollution, which causes over 3 million deaths annually, accordi...

 PRESS RELEASE

Photocat Adjusts Guidance Following Market Events Affecting Revenue Ex...

Photocat Adjusts Guidance Following Market Events Affecting Revenue Expectations October 10th, 2024        Photocat Adjusts Guidance Following Market Events Affecting Revenue Expectations Roskilde, Denmark – October 10, 2024 – Photocat A/S (Nasdaq Stockholm: PCAT), a leading developer of photocatalytic solutions for air purification, today announces an adjustment to its revenue guidance for the full year of 2024. Photocat now expects revenue to range between 10-12 mDKK, with EBITDA forecasted between -2 mDKK and 0 mDKK. This revision follows unforeseen market developments that have impact...

 PRESS RELEASE

Photocat releases Half Year Report for 2024

Photocat releases Half Year Report for 2024 22nd August 2024 Photocat releases Half Year Report for 2024 Highlights during the first half year of 2024 Photocat continues to generate positive EBITDA during H1 2024Revenue down with 21.3 % compared to H1 2023IPR case settled in Bitumen market with positive impact with C. Hasse & SohnPhotocat Garden not promoted due to changes in distribution channelThe company maintains its guidance for 2024 with a turnover of 17.5-19.0 mDKK, and a positive EBITDA of 0-1 mDKK. Highlights after 30 June 2024 Together with our ...

 PRESS RELEASE

Photocat A/S Announces New Distribution Agreement with Nordagent Oy ba...

Photocat A/S Announces New Distribution Agreement with Nordagent Oy based in Finland on the suite of de-icing and dust-suppression CMA products July 8th 2024        Photocat A/S Announces New Distribution Agreement with Nordagent Oy based in Finland on the suite of de-icing and dust-suppression CMA products Roskilde, Denmark. July 8, 2024 – Photocat A/S (Nasdaq First North: PCAT), a leading innovator in photocatalytic and air quality improving technologies, is pleased to announce a new distribution agreement with Nordagent Oy in Finland covering the suite of CMA products for de-icing ...

 PRESS RELEASE

Photocat A/S Announces Call of Warrants by Key Personnel

Photocat A/S Announces Call of Warrants by Key Personnel        21 June 2024 Photocat A/S Announces Call of Warrants by Key Personnel Copenhagen, Denmark – Photocat A/S, a leader in innovative solutions for air purification, today announced that several top executives and board members have exercised a total of 145,000 call warrants. This transaction has led to the issuance of new shares, raising a total of SEK 1.3 million. Details of Warrant Exercise: Mette Therkildsen, Board Chairperson: 50,000 sharesMichael Humle, CEO: 50,000 sharesJesper Elsgaard, CBO: 25,000 sharesHenrik Jensen, C...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch