Valoe Oyj - Company Announcement

VALOE ESTIMATES IT WILL GET A FULLY FUNDED ORDER FOR A MODULE PRODUCTION LINE RELATING TO ITS FIRST MANUFACTURING PARTNERSHIP AGREEMENT BY THE END OF FEBRUARY 2016

Valoe Corporation                     Stock Exchange Release 29 January 2016 at
15.25 Finnish time 



VALOE ESTIMATES IT WILL GET A FULLY FUNDED ORDER FOR A MODULE PRODUCTION LINE
RELATING TO ITS FIRST MANUFACTURING PARTNERSHIP AGREEMENT BY THE END OF
FEBRUARY 2016 

On 29 June 2015 Valoe Corporation announced that it had concluded the business
negotiations for the first manufacturing partnership agreement with a foreign
customer, but that the sale of a module manufacturing plant is subject to local
project financing. At the end of December 2015 the company estimated it will
conclude the financial negotiations by the end of January 2016. 

The financial negotiations of Valoe’s customer have made further positive
progress and the loan terms have been agreed upon. However, the Executive Board
of the financer has not yet given its final acceptance for the financing.
According to Valoe’s current estimation a loan decision and a fully funded
order for a module production line will be received by the end of February
2016. The company will disclose a separate release on a possible order relating
to the manufacturing partnership agreement only after financing will be
secured. 

Attainment of project financing for the first manufacturing partnership
involves risks. It is not certain that a loan decision for building a solar
module plant in accordance with the manufacturing partnership agreement will be
accepted by the financer. Should the negotiations for local financing fail, the
manufacturing partnership agreement and a possible order relating to it will
not materialize. 



In Mikkeli 29 January 2016

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.