On April 29, 2020, Loudspring Oyj announced that its subsidiary Eagle Filters Oy will start manufacturing high-quality respirators in Finland.
Prototypes of Eagle Filters respirators have been produced and the company will next apply for COVID-19 certification for its products. COVID-19 certification enables the use of respirators in healthcare. Eagle Filters will also apply for the CE certification for its respirators but estimates that it will take significantly longer to obtain it than COVID-19 certification.
Mass production of respirators is expected to start during June. In the first phase, the target capacity is 30 000 respirators per day. Eagle Filters has received first pre-orders for its respirators and is currently negotiating large supply contracts with major domestic and foreign customers. Due to strong interest in the Eagle respirators, Eagle Filters is considering a significant increase in production capacity.
Eagle Filters has also decided to start production of melt-blown material for respirators in Finland. The production machines have been ordered and production is expected to start during this month. The company also has at its disposal testing equipment supplied by the Technical Research Centre of Finland (VTT), which can be used to speed up product development and control quality.
CEO, Juha Kariluoto, Eagle Filters: “We strive to manufacture a product with very competitive technical features, for which there is also sustainable international demand from customers after the acute pandemic situation. Our long experience in demanding filter solutions and our own production of melt-blown material enable a very high degree of domestic materials, to develop product properties, and to ensure quality.”
There is always a risk of delay in starting and scaling new production and the new products must pass the required tests to start deliveries. In the current market situation, the certification of products in an authorized laboratory may take longer than the start of production.
Loudspring in brief
Loudspring is an investment company focused on saving natural resources. We own and operate Nordic growth businesses that are fighting climate change and making a big environmental impact. We have a diversified business portfolio with technologies that save energy, water and materials in industry, real estate and in everyday life.
The company group is listed on First North Growth Market Finland under the ticker LOUD and on First North Growth Market Stockholm under the ticker LOUDS.
Jarkko Joki-Tokola, CEO, Loudspring Oyj. Tel. +358 40 637 0501, firstname.lastname@example.org
Juha Kariluoto, CEO, Eagle Filters Oy. Tel. +358 40 901 1340, email@example.com
Erik Penser Bank AB, Certified Adviser. Tel. +46 8 463 83 00, firstname.lastname@example.org
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