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    VALOE   FI0009006951

VALOE OYJ

(VALOE)
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Valoe Oyj : Has Signed a EUR 0.5 Million Cell Supply Agreement

05/27/2021 | 02:00am EDT

Valoe Corporation        Inside Information        27 May 2021 at 9.00 Finnish time

  

Valoe Oyj has signed a EUR 0.5 million supply agreement for delivering solar cells to Fill Factory s.r.o., a Czech company. The cells will be manufactured at Valoe’s plant in Lithuania, where deliveries to the customer will start immediately. The term of the Agreement is initially one year.

“We tested Valoe’s IBC cells during the beginning of 2021, and we found that Valoe IBC cells suit very well for our PV module applications. We are particularly pleased that we have a European supplier who can deliver us the latest technology components, ”says Jiri Hladik, co-owner and CEO of Fill Factory.

“Fill Factory manufactures precisely such special products where the properties of the IBC cell add the most value to the product. We are pleased that Fill Factory selected Valoe's cells after the test phase, and commenced our cell deliveries to the European market, says Iikka Savisalo, CEO of Valoe.

Fill Factory s.r.o. is a PV module manufacturer based in the Czech Republic focusing on the production of custom-made photovoltaic modules, e.g., for BIPV, urban furniture, street lamps, and industrial applications.

Valoe is an innovative technology company based in Finland that operates in the clean energy business. The company’s objective is to have clean solar electricity available for everyone everywhere. Valoe’s solar module plant is located in Mikkeli, Finland, and the company has an IBC solar cell plant in Vilnius, Lithuania.

In Mikkeli 27 May 2021

Valoe Corporation
Board of Directors

For more information:
Iikka Savisalo, President and CEO, Valoe Corporation
Tel. +358 40 521 6082, email: iikka.savisalo@valoe.com

Distribution:
NASDAQ OMX, Helsinki
Main media
www.valoe.com

Valoe Corporation specializes in the clean energy, especially in photovoltaic solutions. Valoe provides automated production technology for solar modules based on the company’s own technology, production lines for modules, solar modules, and special components for solar modules. Valoe's head office is located in Mikkeli, Finland.


© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2020 1,62 M 1,91 M 1,91 M
Net income 2020 -4,92 M -5,79 M -5,79 M
Net Debt 2020 14,0 M 16,5 M 16,5 M
P/E ratio 2020 -2,13x
Yield 2020 -
Capitalization 28,9 M 34,0 M 34,0 M
EV / Sales 2019 74,2x
EV / Sales 2020 17,8x
Nbr of Employees -
Free-Float 56,3%
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Managers and Directors
Iikka Tuomas Savisalo President, Chief Executive Officer & Director
Seija Kurki Chief Financial Officer & Head-Accounting
Hannu Antero Savisalo Chairman
Tuukka Johannes Savisalo Chief Technology Officer, Head-R&D
Ville Parpola Vice Chairman
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