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2015-08-31

Cleantech Invest Oyj: Cleantech Invest attracts new strategic investors from China, Silicon Valley and Sweden

Cleantech Invest Oyj

Company release 31.8.2015, 8:40

Cleantech Invest attracts new strategic investors from China, Silicon Valley
and Sweden
New strategic investors from China, Silicon Valley and Sweden have invested
into Cleantech Invest. The investment is done as a directed emission of 1 170
000 new series A shares, resulting in the new shareholders getting 6% of
Cleantech Invest. The valuation is set at the current share price of
Cleantech Invest (7 days weighted trading average prior to closing on 31st of
August 2015) and was approved by the board within the share issue mandate
given by this year's Annual General Meeting.

The main part of the emission is invested by Zhejiang Ruiyang Technologies
Company (Ruiyang), located in one of the fastest growing cities and growth
hubs of China, Hangzhou City. Ruiyang is a leading industrial player as well
as investor in Chinese cleantech sector.

CEO Alexander Lidgren comments: "After strong growth in portfolio revenues the
international interest in us has been high. We have chosen to bring in three
strategic actors that all add value through their respective networks in
China, Silicon Valley and Sweden. Just as we have announced we will be making
steps to gain strategic footholds on international hotspots for our
companies."

The Chinese market is the largest in the world for a majority of environmental
technologies and Ruiyang takes a very active role in accelerating companies
on the market while also providing capital. The focus of Ruiyang also matches
that of our portfolio very well with green technology, industrial internet,
and new energy being among their main target areas and where they invest
directly themselves.

As one example, Ruiyang is the largest shareholder and founder of Focused
Photonics Inc. (FPI), which has rapidly developed into a leading provider of
environmental services in China, listed on the Shenzhen Stock Exchange, with
a market value over 1 Bn EUR. Ruiyang also holds investments for instance in
new energy, energy efficiency and industrial circulating water systems.

CEO Alexander Lidgren comments: "We believe that our portfolio will greatly
benefit from the connections we are now building with Ruiyang technology
group. In their ownership sphere are a number of companies that provide a
perfect fit for our portfolio to scale up in China. We see this investment as
a first step to work closely with Ruiyang, both when it comes to market
development of our portfolio but also when it comes to identifying future
investment opportunities, where we will greatly benefit from hands-on advice
as to where the Chinese market has a clear need and willingness to pay."

Dr. Jian Wu, Investment Director, Ruiyang: "We see the Nordics as prime global
deal flow area with good clean technology and ideas for the massive Chinese
market. Due to lack of local cleantech focused major investors we also see
attractive valuations for investors. Together with Cleantech Invest we will
build a bridge of Nordic cleantech to the Chinese market."

The competence and technological innovation level within Ruiyang is high. The
chairman of the group, Dr. Wang, holds a Ph.D. in mechanical engineering from
Stanford University, a Ph.D. in optical instrumentation from Zhejiang
University, and was also the chairman of stock listed environmental services
company Focused Photonics, where he has had overall responsibility for the
technology direction.

Other investors in the round are Epstein Advisors, headed by Dave Epstein,
business angel and entrepreneur with a venture capitalist background who
resides in Palo Alto, California. Having made numerous investments in Nordic
cleantech companies as well as in the US growth cases, Epstein brings an
extensive network in the Silicon Valley ecosystem.

"Silicon Valley is the home of some incredible value growth stories in the
sharing economy as well as downstream solar and Internet of Things, to
mention a few areas. This market is where we can find investors, markets as
well as acquisition options for some of our portfolio cases and we need to be
closer to it. Dave knows the Silicon Valley ecosystem well and is unique in
that he also knows the Nordic cleantech ecosystem."

Last but no least joining the round is GLD Invest, a Stockholm based private
company investing in the early venture phase of companies. GLD holds a number
of cleantech investments, among them clean energy technology company Comsys
as well as indirectly Cleantech Invest portfolio company Swap.com. GLD is a
long time growth investor and has deep understanding of many of the areas
where Cleantech Invest also invests in, and in such wide areas as energy and
e-commerce. The investment also marks the start of building a Swedish
shareholder base.

For more informationCleantech Invest Oyj, Alexander Lidgren, managing director, puh. +46-73-660
1007,alexander.lidgren@cleantechinvest.com.

Certified Advisor, Access Partners Oy, tel: +358 9 6829 500.

Zhejiang RUIYANG Technology Co., Ltd. www.tr-se.com

Focused Photonics Inc (FPI), http://www.fpi-inc.com

Cleantech Invest in briefCleantech Invest is an investment and development company focused on clean
energy and efficient use of natural resources. The company was established in
2005. The company owns minorities in a diversified portfolio of companies and
is actively looking for new investment targets. Cleantech Invest invests in
the most promising early-stage and growth cleantech companies in Finland,
Sweden and in the Baltic Sea area. The company management team members are
international pioneers in cleantech investing. Cleantech Invest is also a
designated Accelerator in the Vigo Program initiated by the Ministry of
Employment and the Economy.www.cleantechinvest.com.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Cleantech Invest Oyj via Globenewswire

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