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).              

Release
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.

———————————————————————————————

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

Release
SolTech Energy today announces that the Company’s new share issue was 147% subscribed. Subscription from the established, in-place guarantee consortium therefore does not have to be taken into consideration. Total subscription, aside from compensation to guarantors, came to 11,344,106 shares, whereof 6,881,298 were subscribed with preferential rights and 4,462,808 without. Prior to the new preferential rights share issue, with the possibility of an over-subscription in mind, the board had called an extraordinary general meeting with the aim of changing the articles of incorporation and making a request for renewed authorization to act on the possibility of floating a separately directed new share issue for a maximum amount of 25 MSEK (2.5 MEUR) according to existing conditions. All told, in the event of such a decision, total proceeds to SolTech would amount to 90 MSEK before deducting new issue expenses.

On 16 November 2017, SolTech Energy’s board of governors, in accord with authorization granted at the general meeting of shareholders on18 May 2017, decided to emit a new issue of Shares with preferential rights for existing shareholders. Intended max volume for the new share issue was 7,713,503 priced at 8.40 SEK per share. Assuming the decision is confirmed at the extraordinary general meeting on 20 December 2017, the board of governors will be able to decide on an Over-subscription up to a maximum of 25 MSEK (2.5 MEUR), equivalent to a maximum of 2,976,190 shares. Above that number is the compensation due guarantors amounting to a total of 875,000 shares. Subscription of shares with and without preferential rights took place from 24 November up to and including 14 December 2017. G & W Fondkommisson (Security brokers) has acted as financial advisor with respect to this new share issue.

As soon as the capital stock increase has been registered with the Swedish Companies Registration Office (Bolagsverket), the paid subscription shares (BTA) in the preferential rights new share issue will be converted to new shares. Until this is done, said shares will be traded with BTA (paid subscription shares) on Nasdaq First North. Regular trade with respect to the new shares is estimated to start on Nasdaq First North on or about 20 January 2017. After registration of this new share issue, including shares issued to guarantors, SolTech’s capital stock will have risen to total 1,972,125.65 SEK divided amongst 39,442,513 shares, each share having an allocated value of 0.05 SEK. Minor adjustments to the above cited total shares and sums may occur in connection with registering them with the Swedish Companies Registration Office.

CEO Frederic Telander comments:

”We are very proud and pleased over the confidence shown to us by both our existing as well as new shareholders. SolTech has now secured the funds necessary for achieving the goals we have set out, namely: To finance strategic acquisitions in Sweden, to meet the investment requirements of contracted solar energy installations in China, as well as to free up funds to strengthen working capital in anticipation of the wide launch of our new product, SolTech ShingEl.”

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 20 December 2017, 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 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 in China, ASRE, has coupled yet another solar energy installation to the electric network, now raising the total of coupled installations to twenty-three, equivalent to 24.47 MW. Calculated on a cumulative 12-month rolling basis, these coupled installations are estimated to generate approximately 39.6 MSEK (3.96 MEUR) annually, with a good margin of profit. ASRE is consolidated into the SolTech concern according to the Proportional Method, and thereby, SolTech’s proportional share of the just-cited estimated annual 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 18 December 2017, 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 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).

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