Stockholm, April 2, 2015 — Nasdaq (Nasdaq: NDAQ) announces that the trading in Savo-Solar Oy’s shares (short name: SAVOS) commenced today on Nasdaq First North in Stockholm. Savo-Solar belongs to the Oil & Gas sector and is the 21st company to be admitted to trading on Nasdaq’s Nordic markets* in 2015.
Savo-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 2m2 collector utilising MPE-absorbers with several patents pending. The absorbers are coated with a highly selective optical nano-coating. Savo-Solar is, according to the available information, the only company able to coat ready-made, 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. For more information, please visit www.savosolar.fi.
“Solar energy is an important part of the transformation to a sustainable society and Savo-Solar has developed industry leading products with a unique technique,” said Jari Varjotie, CEO of Savo-Solar. “The listing will help us to grow faster, both in terms of sales and capacity increase. We look forward to continuing to build Savo-Solar’s success together with our existing and new shareholders.”
“We welcome Savo-Solar to Nasdaq First North and to our family of listed companies,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “Nasdaq First North continues to attract innovative and entrepreneurial growth companies and Savo-Solar is a great example of exactly that.”
Savo-Solar has appointed Mangold Fondkommission AB as Certified Adviser.
*Main markets and First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
About Nasdaq First North
Nasdaq First North is regulated as a multilateral trading facility, operated by the different exchanges within Nasdaq Nordic (Nasdaq First North in Denmark is regulated as an alternative marketplace). It does not have the legal status as an EU-regulated market. Companies at Nasdaq First North are subject to the rules of Nasdaq First North and not the legal requirements for admission to trading on a regulated market. The risk in such an investment may be higher than on the main market.
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