In 1864, Alfred Nobel founded the Nitroglycerin Aktiebolaget (Nitroglycerin Corporation), the world's first manufacturer of nitroglycerin. Over the years, the corporation was guided under the leadership of various managing directors, such as Sigurd Nauckhoff, serving from 1921-1944, and Carl August Edlund, succeeding him from 1944-1965.
This medal was made in both bronze and silver. There were 2000 examples made in total.