The Company is going to routinely publish a “Business Situation Update” of events that are significant to its business. The imminent listing of the Company on First North at Nasdaq Stockholm – First trading day June 25, 2015 – makes this an appropriate occasion to debut the first of such updates, presented below:
• The concern’s order backlog as of June 24, 2015 stands at 16 MSEK. Among them, a newly received order for 1.49 MSEK from BRF Nörrgärdet with reference to a SolTech Sigma, thermal solar energy installation, as well as an order from Peab Sverige AB for 0.96 MSEK for five SolTech Supreme single home installations for the production of electricity.
• Growth in the wholly owned subsidiary Wasa Rör, which also operates in the “energy-effectivisation” area, indicates a yearly sales result in the range of 30-35 MSEK, which represents a near doubling of sales when compared to 2014. Since Wasa Rör was acquired in August 2014, the current calendar year is the first whole year that the subsidiary’s sales are consolidated in the concern.
• Distributor and/or agent contracts have recently been finalized with partners in Italy, China, South Africa, Holland, Chile and Finland. Interest in the Company’s products is strong and expansion of the partnership network in Sweden and abroad is ongoing. In Sweden, SolTech’s primary focus is directed towards expanding the contract concluded with Woody Bygghandel (roughly: Building Supply Store) in December 2014 covering the sale of SolTech’s products. Woody has approximately 100 sales outlets distributed throughout the length and breath of Sweden.
The next report will appear on Aug. 20, 2015 when the concern’s result for the first two quarters is released to the public.
For more information, please contact
Frederic Telander, CEO SolTech Energy
Phone: +46 8 441 8846
SolTech in brief
SolTech Energy develops and sells a solar energy system based on research carried out over several years at Kungliga Tekniska Högskolan (KTH- Royal Institute of Technology). The system is a part of a building’s outer shell; specifically, roofs and/or walls formed of glass (panels or flat sheets) that function as both weather protection and sun-catchers for the production of heat, hot water and electricity. The assortment of suitable glass also includes unique fine-film solar cells in black and/or semi-transparent glass – or as isolated glass modules in various sizes and formats that allow for esthetic integration with a building’s outer shell. The wholly owned subsidiary Wasa Rör T Mickelsson AB is also included in the parent concern. SolTech Energy Sweden AB currently has approximately 5,600 shareholders and its shares are traded on First North at Nasdaq Stockholm, under the symbol “SOLT”. The company’s Certified Advisor is G&W Fondkommission (securities broker). For more information see: www.soltechenergy.com.