Canatu Finland Oy's change negotiations concluded

Canatu Finland Oy, a subsidiary of Canatu Plc, has concluded change negotiations initiated on August 31, 2026, under the Finnish Co-operation Act. These negotiations involved the Operations function, the Robotics, Mobility and Defence unit, and the Medical Diagnostics unit, addressing financial and production-related concerns. The negotiations ended on September 11, 2026, resulting in a decision to terminate up to 14 employment contracts based on production and financial grounds, as outlined in Chapter 7, Section 3 of the Employment Contracts Act.

The primary aim of these negotiations was to enhance operational efficiency and achieve cost savings in alignment with the company's revised strategy, thereby supporting long-term profitability and cash flow improvements. All employees in the Operations function, except those in the IT team, as well as employees in the Robotics, Mobility and Defence and Medical Diagnostics units, were included in the discussions.

The discussions involved representatives from all employee groups, focusing on the plans, alternatives, and potential impacts. The company's management has been authorized to implement the decisions in compliance with applicable laws and collective agreements, with implementation measures set to begin promptly.

Canatu Plc, listed on Nasdaq First North in Finland, is a deep technology scaleup specializing in advanced carbon nanotubes (CNTs) and related products. The company's CNT membranes are crucial for extreme ultraviolet (EUV) processes in semiconductor manufacturing, enhancing chip production efficiency. Canatu is also developing electrochemical sensors for medical diagnostics. Its patented CNT reactors and Dry Deposition by CanatuTM method ensure high-quality CNT production. Canatu operates through direct sales of CNT products and by licensing its technology for customer production under a limited license.

Headquartered in Finland, Canatu also has operations in the US, Japan, and Taiwan. Established in 2004 as a spin-off from Aalto University’s Nanomaterials Group, Canatu employs 182 personnel from over 35 nationalities, with nearly 20% holding or pursuing doctorates as of June 30, 2026.