SolTech's subsidiary ASAB recruits CFO/COO

SolTech Energy Sweden AB (publ) subsidiary Advanced SolTech Sweden AB (ASAB) has recruited Max Metelius to the role of CFO / COO in the company. Max comes from a role as responsible for solar energy within the BMI Group, which is Europe’s largest roof, and a top-layer company which owns brands such as Monier, Icopal and Siplast.

Max is a lawyer and also has a solid background in the financial market from, among others, Carnegie and HQ Bank. Max is also one of the founders of the solar energy company Eneo Solutions.

ASAB’s CEO Frederic Telander in a comment:
– I am happy that Max chooses to come to us in this exciting growth phase. Max experience from the financial and solar energy markets will be very valuable to us prior to the planned listing of ASAB on Nasdaq First North in Q4 2019.

For more information contact: Frederic Telander, CEO of Advanced SolTech Sweden AB (publ) Tel: 08-441 88 46. E mail: frederic.telander@soltechenergy.com

About SolTech Energy
SolTech Energy develops and sells aesthetic and building-integrated solar energy products for all types of real estate – commercial, public and residential. The products are part of a building’s outer shell in the form of a roof or a wall with integrated solar cells for the production of electricity. The Group also conducts operations in China where the business model consists of financing, owning and operating solar power plants on customers’ roofs and selling all the electricity that is produced. The Group also includes the subsidiaries Nyedal Solar Energy, the NP Group and Swede Energy, as well as the jointly owned companies ASAB in Sweden and ASRE in China. SolTech Energy Sweden AB (publ) is traded on First North at Nasdaq Stockholm under the short name SOLT and has about 15,000 shareholders. The company’s Certified Adviser Erik Penser Bank Telephone: +46 8 463 83 00. Email: certifiedadviser@penser.se. More info at: www.soltechenergy.com

About the Chinese initiative
SolTech Energy’s investment in China is conducted in partnership with our partner, Advanced Solar Power Hangzhou Inc joint venture, Advanced SolTech Renewable Energy (Hangzhou) Co. Ltd. (ASRE). The business model consists of ASRE financing, installing, owning and running solar energy installations on customers’ roofs. The customer does not pay for the facility, but instead undertakes to buy all electricity produced by each plant under a 20-25 year contract. ASRE’s current income comes from the sale of electricity to the customers and from various forms of grants per kWh produced. The focus now is on building an order backlog for 2019 and onwards with the goal of having an installed capacity of 605 megawatts (MW) in 2022.

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