PolarCool

The med-tech company PolarCool AB (publ.) continues its expansion of PolarCap® in European ice hockey, the company has signed a 3-year agreement with the German professional team Kölner Haie for the use of the PolarCap® System.

PolarCool develops and markets the product PolarCap® System, which alleviates the effects of concussion. The primary users of PolarCap® System include sports clubs, organizations, and facilities in contact sports such as ice hockey, rugby, football, and handball, but also other sports with an increased risk of concussion.

PolarCool has established ongoing strategic collaborations in DEL, the top tier of German ice hockey, with professional clubs Adler Mannheim, Eisbären Berlin, ERC Ingolstadt and Straubing Tigers all providing PolarCap®. Kölner Haie thus becomes the fifth club in DEL to include treatment with PolarCap® in their concussion management routines.

PolarCool's CEO Erik Andersson comments:

-We view the development in German ice hockey very positively and I am pleased that yet another ice hockey club has chosen to sign an agreement for the use of the PolarCap® System. We foresee that the increased awareness of treatment with PolarCap® will provide opportunities for further agreements in Germany.

The agreement with Kölner Haie reflects PolarCool's overall strategy to introduce PolarCap® System to the international ice hockey market and marks important strategic progress for PolarCool even if the financial impact of individual agreements is limited.