"The switch to Dug Foodtech is in line with our strategy to establish the company as an actor in the global market for innovative and sustainable plant-based food products based on our unique knowledge and technology to best explore the potential of the potato," says Helene Nielsen, CEO at Dug Foodtech.

"The new company name is now the same as our brand and it will be clearer and easier to find our products as well as our shareticker. The work of changing names, e-mail addresses and logos takes place on an ongoing basis as part of the updated graphic profile for our products, which makes the change cost-effective," says Helene Nielsen.

For more information, please contact:
Helene Nielsen, CEO, Dug Foodtech AB
Telephone: +46 703 12 19 42
E-mail: helene.nielsen@vegoflund.se

About Dug Foodtech
Dug Foodtech 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.dugdrinks.com (https://ir.dugdrinks.com/en/).
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.