English
Published: 2017-11-14 08:45:00 CET
Dignitana AB
Announcement from First North
DIGNITANA MOVING OPERATIONS TO THE U.S.
Lund, 14 November, 2017 - Dignitana AB, a world leader in medical scalp
cooling
technology and manufacturer of The DigniCap® Scalp Cooling System,
today
announced efficiency measures for its Swedish operations.

Today,
Dignitana AB's operations in Lund are focused on product
development,
production, quality and finance, while Dignitana Inc. in the U.S.
handles sales,
marketing and customer support.

Dignitana AB intends to
relocate operations from its head office in Lund, to the
company's subsidiary
in the U.S. As a result, all Dignitana AB functions will be
transferred to
Dignitana Inc. The intention is to carry out the transfer of
business as soon
as negotiations with unions tied to Swedish collective
agreements have taken
place.

Dignitana will continue to be a publicly listed company on Nasdaq First
North in
Stockholm, with key functions to enable this.

The consolidation of
all corporate activities from Sweden to the US will allow
Dignitana to achieve
greater efficiencies through a more efficient corporate
structure with
streamlined operations. Initial transition costs are estimated at
SEK 3
million. The company estimates cost savings of approximately SEK 15
million on
a yearly basis, starting in the second quarter of 2018, to be fully
reflected
in mid-year 2018.

William Cronin, CEO of Dignitana Inc.,
comments:

"Dignitana's sales in the U.S. market have grown significantly for
six
consecutive quarters, which indicates that we have a very attractive
product in
DigniCap®. The consolidation of all business activities in the US
will allow
Dignitana to accelerate our growth and product development efforts
to ensure we
are able to satisfy the increasing demand for scalp
cooling.”
Media Contacts:

Caren
Browning                                              Semmy Rülf

King +
Company                                             Chairman of the
board,
Dignitana AB

00 1 212 561-7464                                          +46
(0)709-312730

Caren.Browning@kingcompr.com                  
semmy.rulf@dignitana.se
About Dignitana AB (publ)

Dignitana is a Swedish
public company based in Lund and manufacturer of the
medical cooling device
DigniCap®. Dignitana AB is listed on Nasdaq First North
Stockholm and has
appointed Erik Penser Bank as Certified Adviser. Headquartered
in Dallas Texas,
Dignitana, Inc. is the U.S. subsidiary of Dignitana AB. For
more information
visit www.dignitana.se

About The DigniCap® Scalp Cooling System­­

DigniCap®
is a patented scalp cooling system that offers cancer patients the
ability to
keep their hair during chemotherapy. DigniCap® provides continuous
cooling with
high efficacy, safety and acceptable patient comfort.
www.dignicap.com

This
information is information that Dignitana AB is obliged to make public
pursuant
to the EU Market Abuse Regulation. The information was submitted
for
publication, by the above contact, for publication at 8.45 am
(CEST), 14
November 2017.

 


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