Swedish sensor developer rings opening bell for Nasdaq Stockholm

29th May 2018
Source: JonDeTech
Posted By : Joe Bush
Swedish sensor developer rings opening bell for Nasdaq Stockholm

On the 25th May the CEO and employees of JonDeTech Sensors were present at Nasdaq Stockholm, to ring the stock exchange’s opening bell and start the trading in the company's shares at Nasdaq First North. The share will be traded under the ticker symbol JDT.

JonDeTech, the Swedish manufacturer of one of the world's smallest IR sensors, has recently completed a share issue for listing on Nasdaq First North. The share issue was fully subscribed and JonDeTech will receive SEK 30 million before deduction of issue costs.

"This is a big day for all of us at JonDeTech, and of course we are very optimistic to be a listed company,” said Robert Ekström, CEO of JonDeTech. “We welcome our new shareholders and look forward to taking the next step in the company's development together. The listing will increase visibility for our company and facilitate our continued growth in the market.”

The company will now continue its commercialisation, employ a variety of competencies, invest in high volume production and develop the production process and customer applications.

With the main research and development completed, JonDeTech is now focusing on increasing the number of customer projects and employing more engineers and sales people, enabling a faster conversion from customer projects to design wins within JonDeTech's core areas.

JonDeTech has developed an infrared sensor (IR) for contactless measurement of temperature and heat flux (body temperature and real estate) as well as presence detection. Thanks to nanotechnology, JonDeTech claim it can achieve performance similar to existing IR sensors, but without the need for optics and encapsulation. JonDeTech's sensors are very small and thin (thickness 0.17 mm) compared with conventional sensors, which enable them to be integrated into a variety of products at a low cost.

JonDeTech primarily target international customers, who develop applications in consumer electronics and the Internet of Things (IoT).

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