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Savosolar has entered into a settlement agreement with Sunti SAS Stockholm Stock Exchange: SAVOS

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Savosolar Plc
Company announcement, inside information February 15, 2021 at 1:00 p.m. (CET)

Savosolar has entered into a settlement agreement with Sunti SAS

On January 8, 2021, Savosolar Plc (Savosolar or the Company) announced that it had received preliminary information on the resolution taken by the Commercial Court of Montpellier on December 23, 2020 in a dispute between Savosolar and the French company Sunti SAS.

Savosolar and Sunti SAS have now entered into a transactional agreement in which the parties have agreed that neither party will appeal the resolution rendered by the Montpellier Commercial Court on December 23, 2020. The final amount of accrued damages owed by Savosolar to Sunti SAS totals approximately 137,000 euros.

SAVOSOLAR PLC

For more information:

Savosolar Plc
Managing Director Jari Varjotie
Telephone: +358 400 419734
E-mail: [email protected]

Savosolar Plc is disclosing the information provided in this document in accordance with the Market Abuse Regulation ((EU) No 596/2014, MAR). The information was submitted for publication by the aforementioned person on February 15, 2021 at 1:00 p.m. (CET).

About Savosolar

Savosolar, with its highly efficient collectors and large scale solar thermal systems, has taken solar thermal technology to the next level. The company’s collectors are equipped with the patented nano-coated direct flow absorbers, and with this cutting-edge technology, Savosolar helps its customers produce competitive clean energy. Savosolars vision is to be the premier supplier of high performance solar installations on a global scale. The focus is on large scale applications such as district heating, industrial heating and real estate systems market segments with great potential for rapid growth. The company mainly supplies complete systems from design to installation, using the best local partners. Savosolar is known as the most innovative company in the industry and aims to stay that way. The company has sold and delivered its products to nearly 20 countries on four continents. Savosolars shares are listed on Nasdaq First North Growth Market Sweden with the ticker SAVOS and on Nasdaq First North Growth Market Finland with the ticker SAVOH. www.savosolar.com.

The company’s certified advisor is Augment Partners AB, [email protected], phone: + 468-50565172.

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