Valoe Oyj - Company Announcement

FTTK HAS INFORMED VALOE CORPORATION THAT IS HAS SUBMITTED A REQUEST FOR ARBITRATION

Valoe Coproration Stock Exchange Release 24 June 2015 at 21.50 Finnish time



FTTK HAS INFORMED VALOE CORPORATION THAT IS HAS SUBMITTED A REQUEST FOR
ARBITRATION 

Valoe Corporation has been informed by FTTK Company Limited ("FTTK") that FTTK
has submitted a request for arbitration. The arbitration concerns the
transaction between the companies in which the ownership of 30 percent of the
shares of Cencorp Automation Oy will be transferred and a dispute relating to
that. In the request the claimant requests the arbitration to confirm that the
transaction has been closed and the title to the shares has been transferred to
FTTK as the purchase price has been fully paid. Valoe denies the claims as
groundless and views that the transaction will not be closed until the other
conditions pursuant to the the Share Transfer Agreement have been fulfilled.
Valoe will claim its legal costs and other possible damages in full from FTTK. 



In Mikkeli 24 June 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.