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2015-09-22

Cleantech Invest Oyj: Cleantech Invest increases its ownership in fast growing Nocart

Cleantech Invest Oyj

Company release 22.9.2015, 9:00 (EET)

Cleantech Invest increases its ownership in fast growing NocartCleantech Invest has increased its ownership in portfolio company Nocart to
20% from 15.5%.

Nocart delivers power management units for distributed and renewable energy
generation. It enables the use of several different energy sources at high
efficiency rate. Nocart's product can be used for electricity production from
solar, wind and biomass, as well as small-scale hydroelectric generation. It
is used both for connecting installations to the grid and for complete
off-grid installations to become independent of the grid. Nocart is a system
supplier whose deliveries combine technologies from also other companies.

The company has been able to grow profitably. Last year's revenues tripled to
just less than 1 MEUR. During the first half of 2015 order intake was 7.4
MEUR, with deliveries for 2015 of about 4.5 MEUR.

Alexander Lidgren, Managing Director at Cleantech Invest: "Distributed
Electricity generation is an explosively growing business globally and Nocart
has superb products right to the core of this market. They have delivered 50
power plants and are already showing a positive result. The company also has
a very strong order back log for the next year that indicates continued
increasing performance."

Vesa Korhonen, Managing Director at Nocart: "We welcome Cleantech Invest
increasing its ownership in Nocart at this point. We have an offer base of
approximately 400 MEUR, and believe we will show significant growth in the
coming years"

For more informationAlexander Lidgren, Managing Director of Cleantech Invest Plc, tel. +46 73 660
1007, alexander.lidgren@cleantechinvest.com

Certified Advisor Access Partners Oy, tel. +358 9 682 9500.

Cleantech Invest in briefCleantech Invest focuses on clean energy and efficient use of natural
resources. The company has minority ownerships in a diversified portfolio of
companies and is actively looking for new capital light and high impact
businesses within the cleantech universe. 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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