Company Announcement, Insider information 8 January 2021 at 4.30 p.m. (CET)
Savosolar has received advance information on the resolution of the Montpellier Commercial Court
On March 26, 2018, Savosolar Plc (“Savosolar” or the “Company”) announced that it had received a summons from the French company Sunti SAS to the Commercial Court of Montpellier due to Savosolar’s alleged breach of contract regarding the exclusivity clause in the tender for a solar thermal project.
According to information received by Savosolar, the Montpellier Commercial Court has made a resolution in the matter on 23 December 2020. According to the preliminary information now available to Savosolar, the content of the resolution is as follows: The Montpellier Commercial Court has found that Savosolar has breached the agreement between Sunti SAS and Savosolar. The court has ordered Savosolar to pay Sunti SAS a total of approximately EUR 130,000 in damages.
Savosolar has not yet received an official copy of the resolution by the Montpellier Commercial Court.
For more information:
Managing Director Jari Varjotie
Phone: +358 400 419 734
Savosolar Plc discloses the information provided herein pursuant to the Market Abuse Regulation ((EU) No 596/2014, ”MAR”). The information was submitted for publication by the aforementioned person on 8 January 2021 at 4.30 p.m. (CET).
Savosolar 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, Savosolar helps its customers to produce competitive clean energy. Savosolar’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. Savosolar 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 almost 20 countries on four continents. Savosolar’s shares are listed on Nasdaq First North Growth Market Sweden with the ticker SAVOS and on Nasdaq First North Growth Market Finland with the ticker SAVOH. www.savosolar.com.
The company’s Certified Adviser is Augment Partners AB, firstname.lastname@example.org, phone: +46 8-505 65 172.