SolTech's subsidiary Swede Energy receives an order of SEK 8.1 million from Lintex AB

SolTech Energy Sweden AB (publ) subsidiary Swede Energy Power Solutions AB has received an order from Lintex AB in Nybro for the installation of a solar power plant on the roof of Lintex’s property. The order value amounts to SEK 8.1 million. The order corresponds to 19% of Swede Energy’s sales in 2018.

Swede Energy is expanding strongly and during the first quarter of 2019, sales were about 45% higher than in the same period in 2018.

CEO Stefan Ölander in a comment:
– The goal of our acquisitions is, among other things, to add expertise and driven entrepreneurs to the Group. That we get just that has really been proven by Rickard Lantz, who is sales manager and partner at Swede Energy, by starting the second quarter of 2019 with this order.

Paul Magnusson, CEO of Lintex AB in a comment:
We try to make as little footprint as possible on the environment. This applies to materials we use in our products, manufacturing methods and, not least, energy consumption. Investing in solar energy is therefore a matter of course and after a procurement process we concluded that Swede Energy seemed to be the most competent partner for us.

For more information, please contact: Stefan Ölander, CEO SolTech Energy Sweden AB (publ) Tel: +46 70 739 80 00. E-mail: stefan.olander@soltechenergy.com or Paul Magnusson, CEO Lintex AB Tel: +46 701 88 65 06. E-mail: paul.magnusson@lintex.se

The information in this press release is such that SolTech Energy Sweden AB (publ) must publish in accordance with EU Regulation No. 596/2014 on Market Abuse. The information was submitted through the above contact person’s agency for publication on April 11, 2019 at. 7:20 CET.

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 Solenergi, 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 Lintex AB
With a vision of simplifying communication in modern office and educational environments, we have grown to become one of Europe’s leading brands in writable areas. Whiteboards and glass panels have over the years been supplemented with products for shielding and sound absorption, which further strengthens our position in the market. All products are developed, produced and sold under our own brand. Lintex is a family-owned company founded in 1983. The head office and production is located in Nybro, Småland, with local subsidiaries, sales offices and agents around Scandinavia and Europe. See www.lintex.se.

 

 

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