26 February 2020

HSB places order on solar cell plant for SEK 3.5 million from Soltech’s subsidiary Merasol

Soltech Energy Sweden AB (publ) 's subsidiary Merasol AB (Merasol), has received an order for a solar cell facility from HSB, Brf Grevegården in western Gothenburg. The plant has a peak power of 252 kW and an order value of SEK 3.5 million. Soltech acquired Merasol on January 2, 2020, and thus began its establishment on the west coast – an establishment that was subsequently strengthened with the acquisition of Takorama on February 25.

The solar cell plant will be installed in six different blocks in connection with the refurbishment of the roofs at Brf Grevgården. The plant is prepared for and can be expanded to 382 kW if required. The plant will be divided into three smaller and independent plants per block / yard connected to incoming FerroAmp technology. In the long term, these facilities will be interconnected so that power-sharing can take place and so that the surplus can be used to charge electric cars.

CEO Stefan Ölander comments:

– It's extra fun when a new subsidiary delivers fine business from one of its larger customers, HSB. We are now looking forward to close cooperation between our two west coast companies, Merasol and Takorama. We are convinced that such cooperation will lead to an increased business volume with good profitability for both companies.

For more information contact: Stefan Ölander, CEO Soltech Energy Sweden AB (publ) Tel: 070-739 80 00. E-mail: stefan.olander@soltechenergy.com.

The information in this press release is such that Soltech Energy Sweden AB (publ) is to publish in accordance with EU Regulation No 596/2014 on market abuse. The information was provided through the above contact person's publication for publication on February 26, 2020 at. 13.10 CET.

About Soltech Energy Sweden AB (publ)

Soltech is a comprehensive supplier that develops, sells, installs and optimizes solar energy solutions for our customers' needs. The group includes the subsidiaries Advanced Soltech Sweden AB (publ) where the Chinese venture is conducted, Soltech Sales & Support, NP Group, Swede Energy Power Solutions, Merasol, Soldags and Takorama. Soltech Energy Sweden AB (publ), is traded on the Nasdaq First North Growth Market under the short name SOLT and has approximately 32,000 shareholders. The company's Certified Adviser is Erik Penser Bank. Phone: 08-463 83 00. Email: certifiedadviser@penser.se. For more information see: www.soltechenergy.com