Savo-Solar Plc
Company Announcement            26 June 2017 at 6:45 p.m. (CEST)

Savo-Solar delivers a solar thermal system to Véolia in France

Savo-Solar has made a Letter of Intent with the company Véolia EHCM on a delivery of a solar thermal system in the city of Voreppe, France. Véolia EHCM is a part of the Veolia Group, which is a global leader in heating and cooling networks. The actual contract on the delivery will be finalised during the next few weeks, and the delivery will take place during the autumn.

Even though the financial value of the contract is small (approx. EUR 90 thousand), the contract is important for Savo-Solar because it is the company’s first district heating system delivery to France and opening the door for further co-operation with the Veolia Group. France is a fast growing market for solar thermal solutions and the region Rhône-Alpes, where Voreppe is located, is very active and promoting the development of solar thermal heating both locally and in Europe. Therefore, the system Savo-Solar is delivering serves also as a good reference to other energy players. 

SAVO-SOLAR PLC

For more information:

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

This company announcement contains information that Savo-Solar 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 2017 at 6:45 p.m. (CEST).

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 Augment Partners AB, phone: +46 8-505 65 172.