Savo-Solar’s first delivery to Beijing Yuxin Solar Energy

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Savo-Solar Plc                                   
Company Announcement            27 March 2018 at noon (CEST)


Savo-Solar’s first delivery to Beijing Yuxin Solar Energy


Savo-Solar has delivered the first large collectors to Beijing Yuxin Solar Energy in China. The companies are currently negotiating on the launch of cooperation for the Chinese markets. The few collectors ordered by Yuxin now are going to be used for development purposes and for certification tests needed in China. Yuxin will build a demonstration installation on the roof of the new head office in Beijing, and the installation is used for training of Yuxin personnel and for marketing purposes.

Savo-Solar announced in November 2017 that it had initiated negotiations with Beijin Yuxin Solar Energy Co on the cooperation concerning sales and manufacture of collectors for the Chinese market in form of eventual licensing or joint venture arrangement. In cooperation with Yuxin Savo-Solar would be in a strong position to take a remarkable share in the large solar thermal systems market in China, which is estimated to continue growing strongly.

SAVO-SOLAR PLC

For more information:

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

This company announcement contains information that Savo-Solar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 27 March 2018 at noon (CEST).

Savo-Solar in brief
Savo-Solar with its highly efficient collectors and large-scale solar thermal systems has taken solar thermal technology to the next level. The company’s collectors are equipped with the patented nano-coated direct flow absorbers, and with this leading technology, Savo-Solar helps its customers to produce competitive clean energy. Savo-Solar’s vision is to be the first-choice supplier to high performance solar installations on a global scale. Focus is on large-scale applications like district heating, industrial process heating and real estate systems – market segments with a big potential for rapid growth. The company primarily delivers complete systems from design to installation, using the best local partners. Savo-Solar is known as the most innovative company in the business, and aims to stay as such. The company has sold and delivered its products to 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.com.

The company’s Certified Adviser is Augment Partners AB, phone: +46 8-505 65 172.

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