Valoe Corporation Launched a New Solar Module on the Market; Increases Its Production Capacity and Recruits New Personnel at Its Factory in Mikkeli

Valoe Corporation                     Stock Exchange Release 20 April 2018 at 13.10 Finnish time

Valoe Corporation Launched a New Solar Module on the Market; Increases Its Production Capacity and Recruits New Personnel at Its Factory in Mikkeli

Valoe Corporation introduced a new solar module, Chrome II, on the market. Valoe’s objective to develop a module with a lifespan of more than 100 years has been one of the cornerstones of desinging the new module. Chrome II is a glass-glass module with Valoe’s own MWT (Metal Wrap Through) cell.

During the last few months Valoe’s development has been focused on developing the company’s own polycrystalline cell and glass-glass module structure.  The new MWT cell has higher efficiency compared to the cells Valoe previously used. In the current market environment the availability of back contact cells has been limited and there has been a lot of variation in the quality and prices of the cells. Having own cells Valoe can keep better control of their quality, availablity and pricing. The new cell technology is implemented in the Chrome II modules. Further, the new cell technology improves the economic efficiency of module production. Valoe’s objective is to provide its customers with even more efficient and more economic solar systems.  

Valoe views that the solar energy market is growing fast in Finland too. The advance sales of the new Chrome II module has been good. In order to meet the growing demand Valoe recruits 14 persons to Mikkeli.

In Mikkeli on 20 April 2018

Valoe Corporation

BOARD OF DIRECTORS

For more information:
CEO Iikka Savisalo, Valoe Corporation, tel. +358 405216082, email: iikka.savisalo@valoe.com

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Nasdaq Helsinki Oy
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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.