Savo-Solar and Jelling Varmevaerk signed delivery contract

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Savo-Solar Ltd.
Company Announcement                  19 August 2015 at 8 am (CET)


Savo-Solar and Jelling Varmevaerk signed delivery contract

With reference to the winning of a tender as announced on 23 June 2015, Savo-Solar Ltd. and Jelling Varmevaerk (Denmark) have now signed the actual contract on the delivery of a solar collector field. The final confirmation to the contract is estimated to follow in November after Jelling Varmevaerk has received final technical approvals from different authorities.

The value of the contract is approximately EUR 2 million, and the delivery of the solar collector field will take place by the end of April 2016.

SAVO-SOLAR LTD.

Jari Varjotie
Managing Director

For more information:

Savo-Solar Ltd.
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail: jari.varjotie@savosolar.fi

Ingrid Östhols, communication
Phone: +46 721 810 867
E-mail: ingrid.osthols@savosolar.se

Certified Adviser
Mangold Fondkommission AB
Phone: +46 (0) 8 5030 1550
E-mail: info@mangold.se


Savo-Solar in brief

Savo-Solar provides solar thermal systems for heating of buildings, industrial processes and domestic hot water. Savo-Solar’s systems are based on the verified world’s most efficient 2 m2 collector utilizing MPE-absorbers with several patents pending. The absorbers are coated with a highly selective optical nano-coating. Savo-Solar is, according to the available information, the only company able to coat ready-made, complete absorbers. Focus is on large scale industrial applications such as district heating, industrial process heating and energy renovations of large buildings. Since 2011 the company has sold and delivered its products in over 17 countries on four continents. Savo-Solar’s class A shares are listed on Nasdaq First North Sweden with the ticker SAVOS and on Nasdaq First North Finland with the ticker SAVOH. www.savosolar.fi.

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