Valoe Oyj - Company Announcement

THE FINANCING NEGOTIATIONS RELATING TO THE DELIVERY OF VALOE CORPORATION’S FIRST SOLAR MODULE MANUFACTURING PLANT ABROAD HAVE MADE PROGRESS, BUT HAVE NOT YET BEEN CLOSED

Valoe Corporation                     Stock Exchange Release 30 September 2015
at 19.30 Finnish time 



THE FINANCING NEGOTIATIONS RELATING TO THE DELIVERY OF VALOE CORPORATION'S
FIRST SOLAR MODULE MANUFACTURING PLANT ABROAD HAVE MADE PROGRESS, BUT HAVE NOT
YET BEEN CLOSED 

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
financing. The financing negotiations for the delivery of a module
manufacturing plant have made progress but have not yet been closed. According
to Valoe's estimation the negotiations for local financing will be closed by
the end of October 2015. The company will disclose a separate release on a
possible order relating to the manufacturing partnership agreement only after
project financing will be secured. 

Attainment of financing for the first solar module manufacturing plant abroad
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 negotiations for local financing fail, the manufacturing
partnership agreement and a possible order relating to it will not materialize. 



In Mikkeli, 30 September 2015

Valoe Oyj
Board of Directors



For more information please contact:
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.