Bayn Europe AB has during the summer received a test order for Navia from Barentz in the UK for delivery to a customer in the restaurant industry. This order has now been followed up with a further order and we are in discussions about more continuous deliveries in the future.
The customer has tested our product, decided to continue using it and increased orders. We see this as a good confirmation that we are correctly positioned in the market.
"These are still small volumes, but it's important to remember that just 100 kg of our product replaces up to 30 tons of sugar. It's always good to see more industries moving towards sugar reduction, but this entry into the UK market is particularly important for us. The UK has decided to introduce a sugar tax in 2018 and is one of Europe's largest markets", says Lucy Dahlgren, CEO Bayn Europe AB.
About Bayn Europe:
Bayn is an independent developer in the field of sugar reduction, offering the market cost-effective raw ingredients and end-to-end sugar reduction solutions. Bayn creates new, naturally sweetened, low-calorie products. The company's solutions, developed through scientific research, provide innovative, healthy recipes in close collaboration with our customers in the global food industry. Bayn is listed on Nasdaq Stockholm, First North, under the ticker BAYN.
Mangold Fondkommission AB is the company's certified adviser. Telephone +46-8-5030 1550.
For more information, please contact: Lucy Dahlgren, CEO, Bayn Europe AB, e-mail ld@bayn.se
