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2021-10-27

Inzile AB: Inzile has received order from Pinero Group

Inzile has received an order, at a value of MSEK 22, from Spanish Pinero Group regarding development and delivery of battery systems. The order will be delivered during Q4 2021 and Q1 2022 to the Caribbean.

Inzile has received an order, at a value of MSEK 22, from Spanish hotel & resort company Pinero Group ("Pinero") regarding development and delivery of battery systems. The systems will be delivered during the fourth quarter of 2021 and the first quarter of 2022 to Pinero's subsidiary Turiscar in the Caribbean.

- We are very satisfied to enter new exiting overseas markets through our collaboration with Pinero and its subsidiary Turiscar says Klas Åhgren, acting CEO of Inzile.

Pinero is a Spanish group, since many years established within the sectors hotel & resort, real estate and construction. Pinero offers more than 14,000 hotel rooms in the Dominican Republic, Mexico, Jamaica and Spain including residential complexes and golf courses.

Turiscar is responsible for supply and management of transport vehicles within the group. Inzile has signed an agreement with Turiscar and the companies will work closely together. Turiscar supplies not only hotels & resorts controlled by Pinero, but serves also other hotels & resorts in the Caribbean.

 - We are happy that Swedish Inzile will provide us with the latest technology in battery systems for our current transport fleet for our hotels & resorts in the Caribbean, comments Ricardo Moreno, Managing Director of Turiscar.

The total markets of the Dominican Republic, Mexico and Jamaica are comprised of more than 1,600 hotels with nearly 200,000 rooms.

For further information, please contact:

Klas Åhgren, acting CEO Inzile, klas.ahgren@inzile.com,+46 70 985 58 02

Peter Wergens, CFO Inzile, peter.wergens@inzile.com,+46 73 325 75 04

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