The court has defined the schedule for legal proceedings between Sunti SAS and Savosolar

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Savosolar Plc                                     
Company Announcement            29 June 2018 at 10.00 a.m. (CEST)

The court has defined the schedule for legal proceedings between Sunti SAS and Savosolar

As earlier informed, Sunti SAS has issued a summons to Savosolar Plc (“Savosolar”) to attend the commercial court of justice in Montpellier due to an alleged breach of contract by Savosolar.

On Friday 22nd of June, 2018, preliminary hearing was held where the court defined schedule for the legal proceedings. According to the schedule, there will be written preparation until October when the court decides the timing for the first verbal hearing. Savosolar expects to receive the court’s verdict before the end of this year. The parties may appeal on the verdict to the higher court.

As earlier stated, Savosolar considers Sunti’s claim for compensation to be without just cause.

SAVOSOLAR PLC

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 29 June 2018 at 10.00 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 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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