Savosolar has received final instructions to proceed with the newHeat project

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Savosolar Plc
Company Announcement            26 June 2018 at 12.15 p.m. (CEST)

Savosolar has received final instructions to proceed with the newHeat project

As informed earlier, Savosolar Plc and newHeat SAS signed in March 2018 final contract on delivery of the largest solar thermal system in France with the contract value of approximately EUR 2.0 million. NewHeat SAS has now received all final approvals and agreements, and is now able to give the instructions to proceed, meaning the Savosolar deliveries will start with immediate effect.

Works at the site have already begun and the deliveries of solar thermal collectors will now start as soon as possible.  The construction of the solar plant is still planned to take place during the summer and autumn of 2018.

For more information:

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

This company announcement contains information that Savosolar Plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by aforementioned contact person on 26 June 2018 at 12.15 p.m. (CEST).

Savosolar in brief

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 18 countries on four continents. Savosolar’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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