Simris Alg interim report January - March 2021

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD COMMENT FROM THE CEO: FIRST STEPS IN NEW MARKETS Those who have followed Simris Alg for a while have surely noticed the significant changes in our business which we implemented during the last quarter. Having successfully developed our platform from lab to industrial scale and taken our first products to market, we have now entered the next phase for real. Here, Simris...

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

COMMENT FROM THE CEO: FIRST STEPS IN NEW MARKETS

Those who have followed Simris Alg for a while have surely noticed the significant changes in our business which we implemented during the last quarter. Having successfully developed our platform from lab to industrial scale and taken our first products to market, we have now entered the next phase for real. Here, Simris continues to lead the development of microalgae biotechnology through our new business verticals, in particular Simris Biomimetics. Biologically active ingredients from microalgae for advanced skincare are aimed at a global market worth well over USD 500 billion, meaning we are sitting on a unique gold mine with almost untapped commercial potential. The first quarter also saw a pleasing increase for our e-commerce in the United States, following the launch of our new online store. Continued growth here is important to attract the right partner to operate our US sales of Simris® Algae Omega-3 in the future. Hence, we are excited and look forward to our new board of directors, which will play a key role in realising the potential of Simris moving forward. Spring has arrived! 

The full version of the report is available in Swedish at www.simrisalg.se/investerare

FOR MORE INFORMATION, PLEASE CONTACT:
Fredrika Gullfot
CEO Simris
Tel: +46 761 345 474
email: [email protected] 

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