Valoe Oyj - Company Announcement

VALOE ESTIMATES IT WILL CONCLUDE THE LOCAL FINANCING NEGOTIATIONS RELATING TO THE FIRST MANUFACTURING PARTNERSHIP AGREEMENT BY THE END OF THE YEAR 2015

Valoe Corporation                                                  Stock
Exchange Release 30 November 2015 at 16.00 Finnish time 



VALOE ESTIMATES IT WILL CONCLUDE THE LOCAL FINANCING NEGOTIATIONS RELATING TO
THE FIRST MANUFACTURING PARTNERSHIP AGREEMENT BY THE END OF THE YEAR 2015 

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 October the company estimated it will conclude
the financing negotiations by the end of November. 

The negotiations have made further positive progress but are still going on.
According to Valoe’s current estimation the negotiations for local financing
will be closed by the end of 2015. 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 local financing for building a solar
module plant in accordance with the manufacturing partnership agreement will be
secured. Should the negotiations for local financing fail, the manufacturing
partnership agreement and a possible order relating to it will not materialize. 



In Mikkeli 30 November 2015

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.