SolTech Energy gets its first Norwegian customer under the SAPA agreement contract.
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.
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