Savosolar’s project is proceeding in France – newHeat SAS has paid a significant amount to start the work

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Savosolar Plc                   Company Announcement    29 May 2018 at 9:00 a.m. (CEST)


Savosolar’s project is proceeding in France – newHeat SAS has paid a significant amount to start the work

As informed earlier, Savosolar and newHeat SAS signed in March an EPC contract on the delivery of the largest solar thermal system in France. The contract value is over EUR 2 million. The delivery of the collector field is planned to take place in summer 2018.

Work on the project site has begun, and newHeat has paid to Savosolar approximately 250,000 euros to cover the costs caused by the project start. The payment Savosolar has received shows that the customer pushes the project forward and aims at keeping the original timetable, even though there is delay in the signing of the last official documents because of unforeseen administrative reasons.

SAVOSOLAR PLC

For more information:


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 29 May 2018 at 9:00 a.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 17 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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