The Ereim concern has placed a new order for SolTech ShingEl worth approximately 2.4 MSEK (240,000 EUR) for its residential development, Brf Läkeörten (roughly: Läkeörten owners’ co-op assn.), in the Jönköping region, and further deepens its cooperation with SolTech Energy.

By choosing SolTech ShingEl – which is both a solar cell and roofing material, in one and the same product – the buyer obtains two very cost-effective functions within the same solution. ShingEl is as well suited to the construction of new roofs as it is to the renovation of existing roofs. In fact, the product is suitable to all who wish to make use of solar cells for more than just the production of energy; namely, also as roofing. In addition to this order, SolTech will also be working together Ereim with the intention of developing a new environmental concept for the benefit of future residential housing developments.
Ereim’s Brf Läkeörten is a residential housing development with a total of 29 resident-owned dwellings in the form of row and semi-detached houses. The development’s building start took place during the fall of 2018 with all roofs composed of ShingEl, which lends an esthetic unity to the whole.

SolTech´s CEO Frederic Telander comments:
-We are very pleased over having received yet another order from Ereim, as a follow up to the ShingEl order it had placed in December 2017 for installation at Brf Skogshöjden. Ereim builds energy effective, sustainable houses and has sold over 800 homes throughout Sweden since the concern first started building in 2010. Having SolTech ShingEl become a part of this building developer’s standard selections is significant evidence that the product is attractive and wholly in line with the times.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation 596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 22 May 2018, 07:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release

The final annual report for 2017 published today on SolTech Energy’s homepage reflects minor positive changes from the information presented in the press release of its unaudited annual report (book-close communiqué) published on Feb. 2, 2018. These adjustments were prompted by auditor recommendations that were essentially grounded on equivalent minor changes having been made in the accounting records of the Chinese business operation.

The nature of the adjustments made in the Concern’s audited annual report when compared with the preliminary figures presented earlier in the above-mentioned press release is primarily by way of classification, meaning that certain entries in the Income Statement and Balance Sheet have been classified differently. Among other items, this applies, for example, to entries related to solar energy installations, which are now classified as Solar Energy Installations and Ongoing New Installations and devided accordingly.

The Concern’s operational result amounted to -17.4 MSEK, versus the earlier reported entry of -17.6 MSEK. Cleared of non-recurring costs, the operational result amounted to -13,4 MSEK versus the earlier reported -13.6 MSEK. The Concern’s result, after financial costs and taxes, amounted to -21.5 MSEK versus the earlier reported entry -22.3 MSEK. The per-share result amounted to -0.70 SEK versus the earlier reported -0.72 SEK. The result improvement was primarily brought about by a revised accounting principle for auditing foreign exchange adjustments with respect to out-of-country receivables, as well as a somewhat higher net sales result in China, 21.2 MSEK versus the earlier reported figure of 20.12 MSEK.
As a consequence of these changes, changes were also forthcoming in auditing both the development of the Concern’s own capital over the accounting period. as well as in the classification of certain entries in the cash-flow analysis. Cash flow for the period remains as earlier presented, both for the Concern itself and as a parent company. The annual report in its entirety – together with the independent auditor’s report – is accessible for downloading here.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation 596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 14 May 2018, 21:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech Energy Sweden AB (publ.) intends to publish the Company’s annual financial statements for 2017 on Monday, the 14th of May 2018, rather than in the previously notified last week of April (18th week of 2018). The reason for this change is that providing the financial statements of the Chinese company, Advanced SolTech Renewable Energy Hangzhou Co. Ltd, has taken a longer time than expected, due to the strong expansion of the company’s operation.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech Energy’s jointly owned company in China, Advanced SolTech Renewable Energy Hangzhou Co. Ltd, ASRE, has signed an order with Shenzhen China Star Optoelectronics Ltd. The order covers the installation of a 2.16 MW (megawatt) solar energy unit estimated to generate annual income amounting to approximately 2.38 MSEK (.23 MEUR). Cumulative income over the contract’s 20-year term is estimated to mount to approximately 47.6 MSEK (4.5 MEUR).

The installation will cover a roof surface measuring circa 2.16 hectors (ca. 21,600 m2), with an annual production capacity of circa 2,160,000 kWh. The customer is contractually committed to buying all the electricity the installation produces over the contract’s 20-year term. Over this same period ASRE receives subsidies from the central government based on every kWh (kilowatt hour) delivered to the customer. Investment in the installation, which continues to be own by ASRE, amounts to approximately 16.44 MSEK (1.56 MEUR). The installation is estimated to be completed during the third quarter of 2018.

CEO Frederic Telander comments:
– The region of Shenzhen, which borders Hong Kong, is thought by many to have passed Silicon Valley as the world’s hottest area in terms of technological development. Business possibilities here – and in all of China, for that matter – are, mildly put, comprehensive; and we’ve just begun our journey. Last year, we didn’t have sufficient capital to take advantage of all the business possibilities we encountered in China. We have therfore established cooperative relationships with several partners within the financial area, and now consider we have created the right conditions for successfully increasing the pace of growth.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation 596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 2 May 2018, 07:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech’s subsidiary ASRE has now coupled a total of 28 solar energy installations, equivalent to a sum total capacity of 31.96 MW, to the central network in China. Calculated on a cumulative 12-month rolling basis, these coupled installations are estimated to generate income amounting to approximately 48.26 MSEK (4.8 MEUR) with a handsome margin of profit. As ASRE is consolidated into the SolTech concern in accord with the Proportional Method, the concern’s share of this income is 51 percent.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation 596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 24 April 2018, 07:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech Fasad is a solar cell facade that replaces traditional facade materials. SolTech has, together with its cooperation partner Sapa Building Systems, developed a façade framework for attaching solar cells that will be launched at the Nordbygg convention on April 10, 2018. One of the advantages of this solution – in addition to its esthetic merits – is that the investment cost incurred for the solar cells is recovered within only two years, since the price per square meter is only marginally higher than a traditional plaster paneled facade. The alternative, i.e. installing solar cells outside the surface of an existing facade, is significantly more expensive, making the time-period required to recover the solar cell investment significantly longer.

CEO Frederic Telander Comments:
– Ever since SolTech was first created and built on the strength of its own resources, we have – together with our partners – developed products. This solar cell attaching solution for SolTech Fasad is an example of one such product that has emerged through our productive cooperation with Sapa and Hydro. We see, without question, great potential for this product that is not only strongly competitive economically but, at the same time, also very attractive, esthetically.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

SolTech Fasad
SolTech Fasad is a ventilated cold facade made up of solar cells that are attached within an aluminum profile framework. It replaces other building materials, such as: brick, sheet metal, plaster or façade panels. And since the solar cells are also the façade, the investment in the solar cells is a supplemental cost in relationship to the cost of investing in a traditional façade, with a very short investment recovery timespan, calculated on the basis of the monetary return on the electricity produced. SolTech also produces special fitting-components that make possible installation on an existing building, regardless the surface and appearance. SolTech Fasad has an installed effect of 100 – 123 Wp/kvm, dependent the color chosen, from an available selection of gray, green, terra cotta, blue, bronze, yellow and black.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release
Soltech Energy’s jointly owned subsidiary in China, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE), has signed an order with Shaoxing Shangyu Hebang Metal Products Co. Ltd. The order covers the installation of a 1.8 MW (megawatt) solar energy unit, estimated to provide annual earnings amounting to approximately 2.25 MSEK. Over the contract’s 20-year term, cumulative income is estimated to amount to approximately 45 MSEK (4.5 MEUR).

The installation will cover a roof surface measuring circa 1.8 hectors (ca. 18,000 sq. m) and annually produce circa 1,800,000 kWh. The customer is contractually committed to buying all the electricity that the installation produces over 20 years. Over that same period, ASRE receives subsidies from the central and provincial governments based on every kWh (kilowatt-hour) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 13.6 MSEK (!.36 MEUR). The installation is expected to be completed during the third quarter of 2018.

Zhejiang Province, ASRE’s home province, has a population of circa 55 million and its capital, Hangzhou, is ASRE’s home city.

CEO Frederic Telander comments:
-We have previously installed many solar energy units in Zhejiang. This is likely due to the competitive strength of our business model and the strong support we get from the local government in Hangzhou. It feels good to be able to continue expanding here “at home”, where the potential for growth remains very good.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 4 April 2018, 08:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech Energy’s jointly owned subsidiary, Advanced SolTech Renewable Energy Hangzhou Co. Ltd (ASRE) in China, has signed an order with the textile manufacturer XinJian TeKuo PiaoZheng (Nantong) Co. Ltd. The order covers the installation of a 2.7 MW (megawatt) solar energy unit, estimated to provide annual earnings amounting to approximately 3.19 MSEK (0.32 MEUR). Over the contract’s 20-year term, cumulative income is estimated to mount to approximately 63.8 MSEK (6.38 MEUR).

The Installation is estimated to cover a roof area measuring circa 2.7 hectors (ca. 27,000 sq. meters) and produce circa 902,000 kWh. The customer is contractually committed to buy all the electricity the installation produces over 20 years. During that same time period, ASRE receives subsidies from the central government based on every kWh (kilowatt-hour) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 19.7 MSEK, and its construction is estimated to be completed during the third quarter of 2018.

CEO Frederic Telander comments:
-This new customer is located in Jiangsu Province, with a population of 78 million, immediately north of Shanghai. Our breakthrough into this region unquestionably has great potential. We also know that the authorities there see to it that installations are quickly coupled to the central network, once they are fully completed – which in turn means a quicker start to another new income flow to ASRE.

Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email: frederic.telander@soltechenergy.com

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 19 March 2018, 07:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China – more info on ASRE appears below. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech Energy’s subsidiary, ASAB (Advanced SolTech Sweden AB (publ.), is the first company to have its new issue bonds listed on Nasdaq Stockholm’s new bond market: First North Sustainable Retail Bonds. The new list is intended for certified green bonds directed toward smaller investors and private individuals.

A listing ceremony at Nasdaq Stockholm has been arranged to take place on March 19, 2018. Fifty investors, along with the media, have been invited to listen to addresses from SolTech Energy and Nasdaq marking this notable occasion, along with witnessing the moment when SolTech Energy’s subsidiary, ASAB, opens the day’s trading with a bond designated SOLT2, by duly ringing the exchange’s bell at 9 AM, precisely.

Background
On 1 February 2018, ASAB offered a new bond issue, together with Avanza Bank directed toward smaller investors and private individuals. The bond’s term spans five years with an 8.75% annual interest rate, and was subscribed in the amount of 128 MSEK (12.8 MEUR) by approximately 2,000 people. Net liquidity, after deductions for customary new issue costs, is earmarked for financing the joint-venture company ASRE’s continued investment in China – in this case, an investment satisfied by a cumulative solar energy capacity of circa 15 MW (megawatts) in existing back orders.

Nasdaq Stockholm’s Ann-Charlotte Eliasson, responsible for bond listing, comments:
– We are especially pleased to welcome Advanced SolTech as the first bond on our new market, First North Sustainable Retail Bonds. Solar energy is a technology with strong potential, and we are delighted – together with Advanced SolTech and Avanza – that, for the first time in the Nordic region, smaller investors will also be able to invest in green bonds; something that we believe will become more and more common in the future.

SolTech Energy’s CEO Frederic Telander comments:
– We are proud to be pioneers within certified green bonds directed toward the consumer market. We believe that now, together with Avanza Bank, have found a way to periodically finance our solar energy project in China that is contributing to the SolTech concern’s increased growth, but, in addition, also contributes to a better climate on Earth for all of us.

For more information, please contact: Frederic Telander, CEO SolTech Energy Tel; 08-441 88 46. email:frederic.telander@soltechenergy.com or David Augustsson, Communication Director, Nordic Fixed Income, Nasdaq. Tel: 073-449 61 35, email:david.augustsson@nasdaq.com

SolTech Energy Sweden AB (publ.) in brief
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. We offer products that are a part of a building’s outer shell in the form of a roof, façade, balcony railings or a window. We offer black and variously colored solar cells, as well as semi-transparent solar cells for the production of electricity that simultaneously shut out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Included in the concern are its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.), ASAB, in Sweden and Advanced SolTech Renewable Energy Hangzhou Co. Ltd, ASRE, in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more info, see: www.soltechenergy.com

Investment in China
SolTech’s investment in China is carried out by a jointly owned company, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd (ASRE), where SolTech owns 51 percent and Advanced Solar Power Hangzhou Inc. (ASP) owns 49 percent. The business model consists of having ASRE finance, install, own, and periodically service solar energy installations mounted on the roofs of customer-owned facilities. The customer does not pay for the installed solar energy unit, but instead undersigns a long-term, 20-25 year contract to buy all the electricity the relevant unit produces. ASRE’s current income comes from the sale of electricity to customers, along with various forms of subsidies per produced kWh. Focus is now concentrated on building a backlog of orders for 2018 and beyond, with the goal of obtaining an installed capacity of 605 MW (megawatts) by the close of 2021, which in 2022 will be set into full operation, generating current annual sales amounting to approximately 1 billion SEK (100 MEUR).

Release
SolTech Energy Sweden AB (publ.) has decided to reshape its operation and focus all resources on the concern’s solar energy business area within the Nordic region and China. As a follow of this decision, on March 5, 2018, SolTech Energy has disposed of 100% of its shares in its wholly owned subsidiary Wasa Rör T. Mickelsson AB to Vanovo AB. SolTech acquired Wasa Rör in 2014 with the aim of strengthening the company’s competitive position within its thermal solar energy business area, as well as simultaneously obtaining a platform within the energy-effectivization segment in Sweden. Both of these segment areas are very VVS (Heating, Ventilation and Sanitation) intensive.

Since that time, a large part of the market for thermal solar energy in Sweden has disappeared due to the ever increasing pace of technical development – not least, with respect to solar cells – which has caused customers to, in essence, solely inquire about the installation of electricity-producing solar energy. As a result, SolTech laid down its operation within thermal solar energy in the beginning of 2017 in connection with the launch of our combined solar cell and roof panel, SolTech ShingEl.
The development of SolTech’s solar energy operation during 2018 has significantly picked up speed in China, likewise in the Nordic region, which has demanded all available leadership and financial resources. Moreover, simultaneous with this press on resources, the market for energy effectivization has become yet more competitive, which, in turn, demands more investment and reappraisals of business models. Wasa Rör, given this background, is no longer a natural part of the SolTech Energy Sweden AB solar energy concern; therewith, the motive for selling the company.

Vanovo AB is a successful and fast-growing company within the VVS branch and has been deemed the perfect parent company from within which Wasa Rör and its qualities can develop satisfactorily. Vanovo renovates buildings’ plumbing, ventilation ducts and hot water circulation systems from inside – i.e. from within the existing system, so-called relining.

Soltech Energy’s CEO Frederic Telander comments:

– Running a relatively small, growing company calls for constantly prioritizing available resources. We must, for the benefit of our shareholders, focus all our financial and personnel resources on our products within esthetic and building-integrated solar energy, along with our very successful investment in China. This reshaping of the concern’s operation is necessary to creating possibilities for the Company’s future growth that are most advantageous to our shareholders. Our years as owner of Wasa Rör have been fine and profitable, which set the stage for our having taken special care to find an owner better able to utilize their potential. We are convinced that we have found that in Vanovo and wish them, and our former colleagues, all the best of luck in the future.

Vanovo’s CEO Kristoffer Svanung comments:

– We are pleased and proud over this acquisition, which will significantly strengthen our offering in the market. There is an obvious synergy effect between Vanovo and Wasa Rör, and we look forward to furthering the development of the company and integrating it in Vanovo’s overall operation.

For more information, please contact: Frederic Telander, VD SolTech Energy Tel; 08-441 88 46. E-mail:frederic.telander@soltechenergy.com
or Kristoffer Svanung, VD Vanovo AB Tel; 070-229 75 07. E-mail:kristoffer.svanung@vanovo.se

The information contained in this press release conforms to that which SolTech Energy Sweden AB (publ.) is required to make public according to the EU’s regulation.596/2014 concerning securities market abuse. Said information is furnished, via the above-cited contact person’s authorization, for publication on 6 March 2018, 07:00 CET.

SolTech Energy in brief:
SolTech Energy develops and sells building-integrated solar energy products for all forms of building structures – commercial, public and residential. The products are a part of a building’s outer shell, as a roof, wall or window, containing semi-transparent solar cells for the production of electricity that simultaneously shuts out solar heat. Soltech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 14,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see:www.soltechenergy.com

Release