Savo-Solar has received the final agreement confirmation from Jelling Varmevaerk

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Savo-Solar Ltd.
Company Announcement                  18 November 2015 at 9.15 am (CET)


Savo-Solar has received the final agreement confirmation from Jelling Varmevaerk

Jelling Varmevaerk (Denmark) has given Savo-Solar the final confirmation on the delivery of a solar collector field. 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.

The agreement concerning the delivery was signed in August 2015, but it was conditional providing that Jelling Varmevaerk obtains the final approval for the zoning change from the Jelling municipality zoning board. The approval has now been granted and the agreement was confirmed.

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


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 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.

The Company’s Certified Adviser is Mangold Fondkommission AB, tel.: +46 8 5030 1550.

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