Photocat has entered into a product delivery contract with the UAE based concrete company ‘Fujairah Concrete Products'. This is Photocat's first sales agreement in the Gulf Cooperation Council (GCC) region and is a result of a focused intense market activity aimed at supplying photocatalytic technology for respective air cleaning projects. Fujairah Concrete Products is a leading concrete manufacturer in the United Arab Emirates.

Photocat has a strong concrete patent position with technology covering the use of photocatalytic technology in both wet and dry concrete. The value of this is important to society also in the GCC Region as focus on air quality and NOx reduction is part of improving life quality in the region. E.g., the official aspiration for Dubai is to be the most sustainable city in the World by 2050.

The sales value of this agreement is roughly 30,000 EUR and will not affect financial performance in the calendar year 2022. Physical delivery will take place at the end of 2022 and payment will occur during first quarter 2023.