Savo-Solar Plc
Company Announcement            28 February 2017 at 1.00 p.m. (CET)

Savo-Solar enhances presence in Europe

Torsten Lütten has been appointed Sales Director for Savo-Solar in Germany. He has 20 years of experience within sales in the power sector and renewable energies. His successful track record include previous assignments such as senior sales positions at Centrosolar AG, Eoplly New Energy Co. Ltd., Aerospace Photovoltaic Germany GmbH and Samil Power GmbH. Torsten has worked with sales globally and has a comprehensive network within the energy sector.

In order to gain a more solid foothold in the German market, Savo-Solar has further established a subsidiary Savosolar GmbH in Hamburg, Germany. Local presence in Central Europe will provide essential advantages when acquiring new customers and negotiating on further projects.

Previously on 10 February 2017, Savo-Solar announced the recruitment of Lars Rossen as Sales Manager for Denmark and Morten Hofmeister as Head of Projects and System Design.

Jari Varjotie, Managing Director of Savo-Solar: “We are strengthening the sales force in line with our strategy. With new recruitments in Denmark and in Germany our team has got new competent talents and solid expertise, enabling us to increase our competitive edge besides in Denmark and Germany also in other European countries. Establishing a subsidiary in Germany enhances our position as a supplier and supports our efforts in the German-speaking countries. I am extremely pleased to welcome Torsten, Lars and Morten to join our ambitious team, as they all have proven valuable experience in the field and can give their full potential to the benefit of Savo-Solar as from day one.”

SAVO-SOLAR PLC

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

Savo-Solar Plc. discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 28 February 2017 at 1 p.m. CET.

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.fi.

The Company’s Certified Adviser is Mangold Fondkommission AB, tel.: +46 8 5030 1550.