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2015-04-02

Savo-Solar Oy: Savo-Solar signs co-operation agreement with Dansk Energi Service A/S

Savo-Solar Ab

Company Release 24th April 2015 at 8:30 am (CET)

Savo-Solar signs co-operation agreement with Dansk Energi Service A/SSavo-Solar and Dansk Energi Service have signed an agreement concerning
co-operation in the sales and development of full turn-key solar thermal
installations in Denmark. Dansk Energi Service is a supplier of energy
solutions and maintenance primarily for district heating and is one of the
main players in Denmark. Based on the agreement Dansk Energi Service will
sell Savo-Solar's collectors as a part of their offering and accordingly,
Savo-Solar is complementing its own offering with the competence of Dansk
Energi Service.

An increasing number of energy companies want to sign turn-key contracts,
which means that they buy the whole system from one single supplier.
Savo-Solar and Dansk Energi Service have complementary products and
technologies and are now together better able to offer full turn-key solar
thermal installations to the Danish customers. The unique, efficient
technology used in Savo-Solar's collectors combined with the experience of
Dansk Energi Service gives the co-operating companies a stronger competitive
edge in the market. Partnership with a well-known company like Dansk Energi
Service offers Savo-Solar better opportunities to participate in solar
thermal projects in Denmark.

"This co-operation boosts the growth of both parties and strengthens our
position in Denmark and elsewhere in district and process heating projects.
It further offers new opportunities to deliver our products to advanced
customers who want to increase their profitability and efficiency", says Jari
Varjotie, CEO of Savo-Solar.

The image behind the link below shows the installation of the large area
collector field that Savo-Solar delivered to Løgumkloster Fjernvarme.
Løgumkloster is an example of projects Savo-Solar is able to deliver, now
also in even larger scale and size together with the Danish Energy Service.

SAVO-SOLAR LTD

For more information:Savo-Solar Ltd
Managing Director Jari Varjotie
Phone: +358 400 419 734
E-mail:jari.varjotie@savosolar.fi

Ingrid Östhols, communication
Phone: +46 721 810 867
E-mail:ingrid.osthols@savosolar.se

Certified Advisor:
Mangold Fondkommission AB
Phone: +46 (0) 8 5030 1550
E-mail:info@mangold.se

Savo-Solar in briefSavo-Solar provides solar thermal systems for heating of buildings, industrial
processes and domestic hot water. Savo-Solar's systems are based on the
verified world's most efficient 2 m 2 collector utilising MPE-absorbers with
several patents pending. The absorbers are coated with a highly selective
optical nanocoating. Savo-Solar is, according to the available information,
the only company able to coat readymade, complete absorbers. Focus is on
large scale industrial applications such as district heating, industrial
process heating and energy renovations of large buildings. Since 2011 the
company has sold and delivered its products in over 17 countries on four
continents.
www.savosolar.com.

Attachment: Image of Savo-Solar's large district heating project
http://hugin.info/165069/R/1908495/680135.jpeg

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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: Savo-Solar Oy via Globenewswire

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