Cooling systems specialist APR Technologies, which listed on Spotlight in January, bolstered its organization during the first quarter with several key hires across R&D, production, and sales.

The company reports robust customer interest following an international roadshow and notes the addition of several new development projects. Simultaneously, industrialization and the establishment of in-house production facilities in Sweden are underway ahead of planned volume manufacturing. The workforce has also been strengthened by the recruitment of former senior managers from Ericsson.

The expansion is proceeding according to the established roadmap, with experienced personnel recruited and beginning to integrate into the team, the company stated.

"I see significant opportunities for APR to penetrate several of the world's largest tech companies and to build partnerships that provide us with a fast track into otherwise hard-to-reach segments," says Lars Almhem, CEO of APR Technologies.