LifeClean: CE mark – Done

Redeye views the news that LifeClean Disinfection has received a CE mark based on EU medical technology directives (MDD) as very positive. We expected this to pass, but the actual approval is a positive sign for the sales potential in healthcare in Europe. In this process, the QMS system has been validated, which is also a requisite for the American EPA market application. This MDD certification will allow the company to start registering the product for sale in some strategic countries in Europe.

With the certification, the process to sell in other countries outside Europe is also facilitated. We discussed the MDD and other certifications at length in our initiation report last week, and we continue to have a positive view of the company’s growth opportunities. We reiterate our motivated value in our Base case of SEK 16 per share.