Valoe Oyj - Company Announcement

VALOE ESTIMATES IT WILL CONCLUDE THE LOCAL FINANCING NEGOTIATIONS RELATING TO THE FIRST MANUFACTURING PARTNERSHIP AGREEMENT BY THE END OF JANUARY 2016

Valoe Corporation                     Stock Exchange Release 29 December 2015
at 9.40 Finnish time 



VALOE ESTIMATES IT WILL CONCLUDE THE LOCAL FINANCING NEGOTIATIONS RELATING TO
THE FIRST MANUFACTURING PARTNERSHIP AGREEMENT BY THE END OF JANUARY 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 November the company estimated it will
conclude the financing negotiations by the end of the year 2015. 

The financing negotiations of Valoe’s customer have made further positive
progress and during December the negotiations have proceeded to agreeing the
loan terms, however, they are still going on. According to Valoe’s current
estimation the negotiations for local financing will be closed by the end of
January 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 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 29 December 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.