Veg of Lund has engaged AWA, a leading intellectual property firm, to perform a market valuation of the company's patent portfolio. AWA's valuation report indicates a current market value exceeding 50 million SEK. As the company's book value today is only slightly over 2 million SEK, the company will now initiate discussions with its auditor to reevaluate the patent portfolio in the financial statements for 2023.

"For Veg of Lund with our unique innovations and sustainable products, this is a milestone that not only validates our efforts but also highlights the potential of our technology to a global market," says Helene Nielsen, CEO of Veg of Lund. 

"This is more than just numbers on paper. This is evidence that groundbreaking research and development can create sustainable products for the future. Seeing our patent portfolio valued at over 50 million SEK is a testament to our hard work and passion for creating change," says Professor Eva Tornberg, founder of Veg of Lund.

For more information, please contact:

Veg of Lund AB

Helene Nielsen, CEO

Telephone: +46 732 22 76 35

E-mail: helene.nielsen@vegoflund.se

 

This information is such that Veg of Lund AB (publ) is obligated to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on February 28, 2024, at 09.15 CEST.



About Veg of Lund AB (publ)

Veg of Lund should be the natural choice for all actors in the transition to plant-based foods. The company's business concept is to use its own patented methods, innovative solutions and know-how to develop and sell products that the market demands. Changes are required for the food industry to reach its set climate goals. The company is contributing by its investment in plant-based foods with a low climate footprint, raw materials that are easily grown and available, and health benefits for the end consumer. The company and its well-established partners in priority markets and channels provide the conditions to grow in a global market, valued at USD 100 billion. The share is listed on Nasdaq First North and is traded under the name VOLAB. Read more at ir.vegoflund.se. Mangold Fondkommission AB is the company's Certified Adviser and can be contacted by phone: +46 8 5030 15 50 or e-mail: ca@mangold.se.

https://news.cision.com/veg-of-lund/r/awa-has--on-behalf-of-veg-of-lund--conducted-an-assessment-of-the-existing-patent-portfolio,c3937236

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