Redeye initiates research coverage of Danish clean tech company Photocat

Redeye has published its initial analysis of the highly interesting clean technology company Photocat.

Photocat, with offices in Roskilde, makes a photocatalytic air purification product sold to companies that produce construction materials, like pavements, roofs, windows, garden tiles etc. By mixing in Photocat’s NOxOFF harmful substances are eliminated from the air.

Photocat has recently launched NOxOFF commercially and has quickly signed a series of agreements with large manufacturers around the world.

In our initial analysis, Redeye delivers an assessment of the company's potential and uncertainties by rating Company Quality and by providing a Fair Value Range with a likely base case, an optimistic but still reasonable Bull Case and cautious Bear Case.

- We are pleased that Photocat has chosen us and will be part of the group of companies in clean tech and environmental technology that our team of analysts follows, says Richard Goldman at Redeye.

Redeye has previously acted as financial advisor to Photocat in connection with the company's listing on First North in november 2015.

Reeyes initial analysis of Photocat is available here: http://beta.redeye.se/company/photocat/480188/photocat-luftrenare-pa-vag-att-lyfta#company-navigation