Presentation of "The New SoftOx" at https://investorweb.no/ir-channel/SOFTX/event - Thursday the 18th ofApril 1 pm . The presentation will be recorded and made available afterwards.SoftOx Solutions AS has been through a rough period. Over the last one and a half years the Company has been forced to make drastic changes. A new strategy has been developed. The term "New SoftOx" is internally used to mark this shift in strategy. An important milestone in this work was to refinance the Company. Nearly all debt is now converted to shareholder capital. The former shareholders are now given the right to participate in this refinancing on similar terms as the debt holders. The "new SoftOx" will aim to disrupt today's infection treatment in respiratory and chronic wounds, building on the unique properties of the SoftOx technology. Clinical experiments and product development will be conducted in close cooperation with our partners under supervision of project leaders from SoftOx. With the new strategy the Company has significantly reduced the running costs. The manning is reduced to a slim organization that will manage outsourced research and development. The Board recommends thatSoftOx Solutions AS will be split into two entities. This sets the condition to be focused on two different segments. Today's presentation will mainly focus on presenting the business area SoftOx Inhalation AS.SoftOx Solutions AS will be renamed to SoftOx Inhalation AS, and will remain being listed on Oslo Euronext Growth. The company will develop a solution to treat Ventilator Associated Pneumonia (VAP) in patients admitted to intensive care. VAP is a frequent and lethal threat to patients on ventilators. In addition, SoftOx Inhalation will continue the important work with our partners in theEuropean Defence Fund (EDF) to develop a countermeasure to protect soldiers against biological warfare agents spread through the respiratory system. The defense project is fully financed by EDF, all commercial rights will be the property of SoftOx. Both VAP and EDF projects will outsource the research and development to theUniversity of Copenhagen . Welcome.
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