Strong growth in China and increased focus on building-integrated solar energy.

January – December 2017

  • The energy sales business area of Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE) grew over 650 % throughout the period, reflecting net sales amounting to approximately 20 MSEK (2 MEUR), of which 51% (10.2 MSEK) is consolidated in the Concern.
  • The Concern’s intake, 49.8 (49.9) MSEK, under the period is essentially unchanged when compared with the previous year.
  • The operational result for the Concern amounted to -17,6 (-15,7) MSEK. Cleared of non-recurring costs, the operational loss amounted to -13.6 MSEK.
  • The Concern’s result, after financial costs and tax, amounted to -22.3 (-18.6) MSEK.
  • The result per share amounted to -0.72 (-0.60) SEK.
  • The preferential rights issue in SolTech was 147 % subscribed and provided 90 MSEK before new issue costs and was conducted with G&W Fondkommision (Security Brokers) as Financial Advisor.
  • One-time entry for the write-down of shares in Wasa Ror negatively affects the Swedish operation 2.5 MSEK. The Concern’s growth and result have additionally been negatively affected by a 14 MSEK sales reduction at Wasa Rör and an income drop from 4 to -1.15 MSEK, which in large part was compensated for by the growth and profit at ASRE, but not completely.
  • Cash flow amounted to 9.8 (25.5) MSEK. The cash flow has been affected by, among other factors, funds provided by a new share issue in the parent company, whereof 40 MSEK was paid in before the turn of the year and 49.7 MSEK was received in January 2018.
  • Investment in solar energy installations in the jointly held company in China, ASRE, amounted to approximately 294 MSEK (29.4 MEUR) as of the book closing day and includes approximately 71.4 MSEK that was received under 2017. The Concern’s share is 51 %. The capacity of installations coupled to the central electric network totals the equivalent of 29.08 MW, estimated to generate a current annual income for ASRE amounting to approximately 45 MSEK (4.5 MEUR).
  • The annual general meeting will be held on 29 May 2018 at Nasdaq Stockholm’s locale in Frihamnen. The meeting will be directly coupled to a capital market day in cooperation with Nasdaq Stockholm and Avanza Bank. The board of governors recommends that no dividend return be declared for the period.

Second-half of 2017

  • Net sales amounted to 25 (24) MSEK; an increase of 12.1 % compared with the previous year.
  • The period’s result amounted to -10.6 (-9.2) MSEK.
  • The per share result amounted to -0.36 (-0.31) SEK/share.
  • Cash flow mounted to 35.3 (9.5) MSEK.

After the book-close period’s result

  • A successful bond offer together with Avanza Bank. The Concern was provided 128 MSEK, before new issue costs, for the purpose of continuing investment in solar energy installations in China.
  • SolTech Energy gets its first Norwegian customer under the Sapa agreement contract and opens up a new market.
  • SolTech Energy receives an order for the installation of ShingEl on seven single-family houses.
  • YAn additional 4.35 MW (megawatts) are coupled to the central electric network, generating income for the 51%-owned Chinese company, ASRE.
  • ASRE receives an order for 2.5 MW, estimated to provide annual income amounting to approximately 2.9 MSEK, or 58.5 MSEK over the contract’s 20-year term.

The complete book-closing communiqué can be downloaded on the following link: Bokslutskommuniké 2017 – SolTech Energy Sweden AB (publ)   

The CEO comments
During 2017 we have focused on our growth areas: ASRE in China, our exclusive cooperation with Sapa Building Systems in the Nordic and Baltic regions, and SolTech ShingEl, which is both a roof panel and solar cell for the production of electricity. The development of ASRE has been very strong during the year, with over 650 % growth – and we see the same trend continuing under 2018.

We have a backorder log of 22.94 MW – 10.43 MW under construction and 29.08 MW that are coupled to the electric network, generating income. With the use of the capital that was provided by the new bond issue, we expect to build and set into operation an additional circa 15 MW of solar energy capacity during the first half of 2018. On top of that, our Chinese partner has signed an order for 13 MW, which will be sold to ASRE after the installation has been set into operation.

The cooperation with Sapa is running according to plan, and with an expanding pipeline of big and attractive projects. Here and now, however, we need patience before we will see the final result of our work. Our products are an integral part of the overall design of a building’s outer shell, which in turn means long project times from the start to the implementation of contracted installations. In the meantime, we have many building projects that are very near their starting date and we expect to start climbing our actual growth curve together with Sapa. Our own product SolTech ShingEl has experienced – ever since its launching on SNEC – strong interest. During 2017 and thus far into 2018, we have, for example, signed a distribution contract with – and also obtained our first ShingEl order from – Rexel, which is one of the world’s leading electrical wholesalers, with operations in 23 countries, 19 of which are solar energy users. Through this contract, ShingEl will be marketed in Sweden via, among other locales, the 63 Segla och Storel stores that are part of the Rexel concern. The overall plan, however, is to successively grow internationally together with Rexel in their other markets. Clearly notable, among other Shingel customers, are Vasakronen, one of Sweden’s biggest realtors and Myresjöhus as well as a number of other realtor and construction companies and private individuals. The sum total value of ShingEl orders so far amount to 9.6 MSEK; the majority of which will be generating income during the first half year of 2018. In order to create the right pre-conditions for ShingEl’s growth with the sector, we have also signed a contract with Svea Solar that has nationwide sales and installation capacity

So far, everything is looking positive with great potential for strong growth during 2018. This is also reflected in the oversubscribed preferential rights new share issue in November/December 2017 that brought in 90 MSEK and made possible continued investment in China, as well as in other SolTech focus areas However, during 2017 we have also experienced a number of disappointments, not least the 14 MSEK sales decline at Wasa Ror and the accompanying result loss, from 4 MSEK to -1.15 MSEK, which is to say, a total result affect of -5.15 MSEK compared with 2016. In large part this was due to a constant high level of building activity and a reorganization that didn’t fully function according to plan. Taking into account both Wasa Rör’s negative change and the cost of 4.5 MSEK for the never-realized bond issue with Dankske Bank during 2017, the affect on the concern’s result totals -9.65 MSEK. A great deal has been compensated for by the fine development of ASRE, but not all. To avoid similar developments during 2018, we will be setting more focus on ASRE in China, on ShingEl, and on cooperation with Sapa.

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 27 February 2018, 17:15 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, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. 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 and/or thermal heat 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

The Paradoumo Group has created a unique concept, combining SolTech ShingEl as a building-integrated solar energy provider with modern architecture from Arkitekbrucket, and a free electric car from Volkswagen.

The Paradoumo Group’s goal here is to create a residential area that is safe and pleasant and, moreover, economically and environmentally sustainable. At Glasberga Sjöterrass in Södertälje, the first step toward this goal is now being built with seven unique seaside houses. Thanks to the roof’s building-integrated solar cell solution from SolTech, electricity is generated with no compromise made to either function or esthetics.
 
The Paradoumo Group’s CEO Sargon Kerimo comments:

– We have chosen to design a house for the family of the future that wishes to pursue a sound life-style. A solar cell roof creates the possibility of utilizing solar energy that simultaneously lowers the cost of electricity to the householder. According to a new estimate from our supplier, SolTech works to reduce the cost of electricity to a family of four by 20% on an annual basis. We wish to strengthen the significance of this saving by having –on the day of possession – a Volkswagen E-Up el-car waiting in the new owner’s own driveway, available for one year’s free use.
 
SolTech Energy’s CEO Frederic Telander comments:

– SolTech sees a growing interest centered around esthetic solar energy, and our product ShingEl is perfectly in line with this trend. We are very happy about this order that is, in fact, a good example of how creative packaging of household-solar energy may well appear from here on out. The Paradoumo Group is out front – on the leading edge – and we are proud to be a part of this project.

For more information, please contact:

Marie Strand, Marketing Director, the Paradoumo Group: Tel: 072-021 72 27, email: marie.strand@paradoumo.se
or, 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 27 February 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, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

The Paradoumo Group project
The Paradoumo Group’s environmentally smart seaside houses are located in family-friendly Glasbergs Sjöstad, which is ringed by fields, meadows and wooded areas. The Sjöstad area also contains two pre-schools, theme playgrounds and playing fields. In order to make the local surroundings extra secure, the ”Calm-streets principle” has been implemented with suitable street and traffic environments. Only minutes away, all services with regard to shops and restaurants are readily available at Moraberg’s market place.

Release
Advanced Soltech Sweden AB (publ.), which is 51% owned by SolTech Energy Sweden AB (publ.) (51%) and 49% owned by its Chinese partner, Advanced Solar Power Hangzhou Inc. (ASP), published a prospectus, on February 2, 2018, detailing a bond offer directed at the general public amounting to 150 MSEK, yielding an annual interest rate of 8.75% over the bonds’ five-year term, due to expire on 28 February 2023. The Financial Advisor was Avanza Bank and the subscription period spanned from February 5 – 20, 2018. The proceeds were 128 MSEK (12.8 MEUR) provided by circa 2,000 subscribers. The bonds will be listed on the Nasdaq First North Bond Market, assuming application approval, with the first proposed trading day taking place on March 19, 2018.

ASAB’s function within the SolTEch concern is to finance the operation in China, which is run by its fellow subsidiary Advanced SolTech Renewable Energy Hangzhou Ltd., ASRE, which, in common with ASAB, is 51% owned by SolTech and 49% by ASP.

Via the new bond issue, capital amounting to approximately 128 MSEK, less customary new-issue costs, has now been provided.
The remaining capital necessary to achieving 2018’s goal will be met partially in the form of bank loans and other credit sources in China and Europe, as well as the joint owners own investment capital, along with the proceeds of new bond issues offered during the year.

The completed and coupled installations, now totaling 29.08 MW, generate approximately 45 MSEK (4.5 MEUR) in annual income. Having the use of the liquidity gained from the bond issue, an additional circa 15 MW will be coupled to the central network and generate approximately 21.4 MSEK annually in income, whereof 51 percent is duly reported with SolTech in accord with the Proportional Method.

CEO Frederic Telander comments:

– The most vital message is that we have, together with Avanza Bank, secured sufficient capital to complete the installation of an additional circa 15 megawatts of our existing backlog orders. This means that ASRE will thereafter have a full 44 MW coupled that will annually generate income totaling approximately 66.4 MSEK. ASRE’s business operation is exceptionally suited for lone financing, given its predictable and long-term strong cash flow.

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 26 February 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, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. 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 and/or thermal heat 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 has received an order from Holvik Glas AS with installation planned to take place during the 2nd quarter of 2018, making use of the solar cell product SolTech ST, with a worth of approximately 500,000 SEK (51,000 EUR). Holvik Clas is Wicona’s largest producer in Norway. Wicona, precisely as with Sapa Building Systems, is now a trademark within the Hydro concern since Hydro’s acquisition of Sapa in October 2017.

Hydro Building System’s managing director in Norway, Dag Ove Pettersen, comments:

-I am very glad to see that this project has been realized. We presented SolTech ST to the ‘Lord of Construction’ in the spring of 2017, and he immediately expressed his serious interest. I’m quite sure we will be carrying out several projects with SolTech in the near future.

SolTech Energy´s CEO Frederic Telander comments:

-Building a market with a completely new product, such as our fully building-integrated solar cell, generally takes a long time. Consequently, making a breakthrough in Norway, with its similar esthetic interests and stable economy, is important. Hydro and SolTech have the patience and resources necessary to taking a long term perspective. The orders that are now starting to come in are a first sign that our efforts to obtain a breakthrough in the market as a whole are beginning to take effect.

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 21 February 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, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

Release
On January 10, 2018, the Board of Advanced SolTech Sweden AB (publ.), ASAB, released a bond offer directed at the general public specifying a 300 MSEK max-ceiling. The bonds are freely transferable and will be traded, assuming application approval, on the Nasdaq First North Bond Market, with first trading day planned to open on March 15, 2018. Advanza Bank AB is the Financial Adviser in connection with this offer.

ASAB’s business operation is focused on financing the construction of solar energy installations in China, which are owned and periodically serviced by the SolTech concern’s jointly owned Chinese company, Advanced SolTech Renewable Energy Hangzhou Co. Ltd. (ASRE). The goal set for 2018 is to achieve a total installed solar energy capacity of 88 MW (megawatts) on an investment amounting to approximately 677 MSEK (67.7 MEUR). Current backorders amount to circa 20 MW, with an additional 10 MW under construction.
ASRE is jointly owned, as follows: 51% by SolTech Energy Sweden AB, publ., (SolTech), and 49% by Advanced Solar Power Hangzhou Inc. (ASP). SolTech and ASP have thus far – and in proportion to their ownership percentage – invested 190 MSEK (19 MEUR) of their own capital. The money has been invested in solar energy installations that are today owned by ASRE.
ASAB’s income will consist of interest earned on loans made to ASRE, or its wholly owned, local subsidiaries in China. As security for said loaned out funds, ASAB will hold contractual claim to underlying assets, i.e. virtually everything in the solar energy installations, such as income from customer receivable accounts, which are owned by ASRE in China.

CEO Frederic Telander comments:

  • The SolTech concern’s establishment of installations in China will accelerate as a result of this financing, which, in turn, will also work to generate long term, positive cash flow that much quicker, The amount of the bond offer is adjusted to the current backlog of orders and ongoing installations, in combination with the 2018 goal of achieving an 88 MW installed solar energy capacity. The potential is very great and we have, today, an installed and income generating capacity of about 29 MW, as compared with the circa 2 MW capacity we had when we floated our first bond offer in June 2016.

A complete and formally (FI – Swedish Financial Supervisory Authority) approved prospectus, as well as a summary of the Offer, can be down-loaded from ASAB’s homepage: www.soltechenergy.com and also from the FI and Avanza’s homepages as of February 5, 2018: www.fi.se or www.avanza.se Documentation can also be accessed as of the same time point in printed form at the SolTech concern’s office on Mekanikervägen 12, 146 33 Tullinger.

Offer in brief

Subscription period 5 – 20 February 2018
Options and nominal amounts: 5,000 SEK per bond. Lowest amount to subscribe is four (4) bonds (20,000 SEK). Thereafter, in single (1) bond (5,000 SEK) increments
Interest: 8.75% annually
Interest payment due dates: 15 January and 15 July, with the first payment day – 15 July 2018
Issue Date: 1 March 2018
Reimbursement day: 28 February 2023
Preliminary first trading day: 15 March 2018

Bonds carrying a sum total value of 150 MSEK (15 MEUR) are available to the general public within the parameters of the Offer. The maximum amount allowed in the bond offer, however, is 300 MSEK (30 MEUR). The Company intends to allot Bonds in excess of 150 MSEK, in the event of an over-subscription of the Offer. Should the Offer be subscribed to the maximum 300 MSEK, the cost of the new bond issue would amount to approximately 10 MSEK.

For more information, please contact:
Telander, CEO Advanced SolTech Sweden AB (publ) and SolTech Energy Sweden AB(publ). 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 February 2018, 14:00 CET.

Advanced SolTech Sweden AB (publ) – ASAB
For the express purpose of financing investment in China, the SolTech concern’s parent company and its partner in China, Advanced Solar Power Hangzhou Inc., have formed ASAB. ASAB’s business operation is centered on financing – by means of making loans to the concern’s subsidiary, ASRE – the creation of solar energy installations in China that are owned and periodically serviced by ASRE or its wholly owned subsidiaries. As security for said loaned out funds, ASAB holds contractual claim to underlying assets (solar energy installations and customer receivable accounts). The company’s Certified Advisor is Mangold Fondkommission AB. Tel: +46 8 5030 1550. For more info, see: www.advancedsoltech.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, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. 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 and/or thermal heat 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, ASRE, in China has signed an order with Shanghi Electric Lingang Heavy Machinery Co. Ltd. (a part of Shanghai Electric Group Co. Ltd.). The order covers the installation of a 2.5 MW (megawatt) solar energy unit, estimated to provide an annual income amounting to approximately 2.9 MSEK (0.3 MEUR). Over the contract’s 20-year term, estimated cumulative income is estimated to mount to approximately 58.5 MSEK (6 MEUR).

The installation is estimated to cover a surface measuring circa 2.5 hectors (25,000 m2) and produce circa 2,500,000 kWh annually. The customer contractually commits to buying all the electricity the installation produces over 20 years. Over this same period, ASRE receives subsidies from the central government based on every kilowatt-hour (kWh) delivered to the customer. Investment in the installation, which continues to be owned by ASRE, amounts to approximately 18.3 MSEK (1.86 MEUR) and it is estimated to be completed during the third quarter of 2018.

CEO Frederic Telander comments:

  • ” Shanghai, with a population of 25 million, is a very interesting market. Moreover, the governmental authorities act quickly to couple installations to the central network when they are fully completed, which, in turn, means a quicker start of new income flows to ASRE. We have established a customer base for some time now in Shanghai, a plus factor that demonstratively also generates more business.

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 1 February 2018, 08:30 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, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. 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 and/or thermal heat 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 reached a total of twenty-seven coupled installations, with a cumualtive capacity of 29.08 MW. Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 45 MSEK (4.5 MEUR) with a good margin of profit. As ASRE is consolidated in the SolTech concern in accord with the Proportional Method, SolTech’s established 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 16 January 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 shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 13,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. 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 and/or thermal heat 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 obtained a total of twenty-six coupled installations, equivalent to a sum total capacity of 26.8 MW (megawatts). Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 42.1 MSEK (4.3 MEUR) with a good margin of profit. As ASRE is consolidated in the SolTech concern in accord with the Proportional Method, SolTech’s established 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 11 January 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 shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 12,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.              

Investment in ChinaSolTech’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 and/or thermal heat 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).              

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The number of coupled installations held by SolTech’s subsidiary, ASRE, now totals 25, equivalent to a total capacity of 25.6 MW (megawatts). Calculated on a cumulative, 12-month rolling basis, income from these coupled installations is estimated to amount to approximately 40.6 MSEK (4.1 MEUR) with a good margin of profit.  As ASRE is consolidated in the SolTech concern in accord with the Proportional Method, SolTech’s established 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 9 January 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 shade out solar heat. Soltech Energy Sweden AB  (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT” with over 13,000 shareholders. Also included in the concern are its jointly owned (51%) subsidiaries ASAB in Sweden and ASRE in China, as well as its wholly owned subsidiary Wasa Rör T Mickelsson AB. 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 and/or thermal heat 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 2017 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 extraordinary general meeting was held on 20 December 2017, at 10:00 AM in the Company’s locale: Mechanikervägen 12 in Tullinge.

Proposal and decision

The extraordinary general meeting decided to approve the board’s proposal in accord with the notice concerning:

  • Adoption of new articles of incorporation
  • Confirmation of current general new share issue authorization
  • Specific new share issue authorization with respect to oversubscription option allocations

Protocol from the annual general meeting, with complete decisions, will be available at the Company’s website, www.soltechenergy.com.

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FOR FURTHER INFORMATION, CONTACT

Stefan Ölander, Chairman of the Board, SolTech Energy AB, Telephone: 070–739 80 00,

email: stefan.olander@soltechenergy.com

More information can be accessed at: www.soltechenergy.com.
The above information was made available for publication on 20 December 2017 at 3:30 AM CET 

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 20 December 2017, 15:30 CET.

SolTech Energy AB (publ.) in brief
SolTech Energy is a Swedish solar energy company that specializes in developing esthetically attractive solutions that work towards having every building producing more energy than it consumes. SolTech Energy develops its own products, which form part of a building’s outer shell and produce hot water or electricity. The products are based on research carried out at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology). Included in the product assortment are unique, customer-tailored semi-transparent thin-film solar cells that, among other retail venues, are now sold via the Company’s exclusive contract with Sapa Building Systems throughout the Nordic and Baltic region. SolTech Energy Sweden AB (publ.) is traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. Included in the concern is its wholly owned subsidiary Wasa Rör T Mickelsson AB, as well as its jointly owned (51%) subsidiaries Advanced SolTech Sweden AB (publ.) ASAB, and Advanced SolTech Renewable Energy Hangzhou Inc. (ASRE). The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com

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