Midsummer signs with tech giant Rusnano

[Stockholm, Sweden, and Moscow, Russia, September 11, 2019.] Midsummer of Sweden, one of the world's leading developers and suppliers of advanced thin film building integrated solar solutions and Sunflare Manufacturing are happy to welcome the Rusnano Group to the Midsummer family.  Midsummer has entered into a Frame Agreement with the Russian government-owned technology giant Rusnano Group to develop the non-silicon flexible photovoltaics market in Russia and the Eurasian Union.

Swedish solar energy technology leader Midsummer has signed a Frame Agreement with the Rusnano Group and its Fund for Infrastructure and Educational Programs. Rusnano seeks to use Midsummer's advanced technology to promote and develop the manufacturing of light-weight flexible CIGS PV cells and modules to set up production and end-user product development in Russia and in other countries of the Eurasian Economic Union (Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan). Midsummer will also source panels for world-wide distribution of panels manufactured in Russia and the region.

"We are pleased and excited to enter into this agreement with such a prestigious and visionary company as Rusnano,", said Sven Lindström, CEO, Midsummer. "This could open up a whole new market for our advanced manufacturing equipment for light, flexible, robust and energy efficient thin film solar cells"

"Our DUO system has taken the position as the most widespread manufacturing tool for thin film flexible CIGS solar cells in the world. We are especially impressed with Rusnano's focus on the building integrated possibilities of thin film technology, a vision that we share."

Midsummer, Vestas and Fortum

Rusnano is a government-owned joint-stock company established as a $5B Private Equity and Venture Capital Evergreen Fund by the government of Russia and aimed at commercializing developments in nanotechnology. Other Nordic energy companies cooperating with Rusnano are Vestas of Denmark and Fortum of Finland.

"The market for flexible solar panels designed to be installed on buildings which are still under construction and on existing structures is currently one of the fastest-growing markets in the energy industry," said Ruslan Titov, Deputy CEO of FIEP Rusnano. "Several research groups and companies in Europe and the USA have made breakthroughs in photovoltaic technology in recent years, breakthroughs which have made it possible to install solar panels in places where we had not been able to before - on unexploited roofs, facades, and windows. We are systematically developing non-silicon flexible photovoltaics in Russia, the only way feasible - first we transfer and localize technologies, then we upgrade the technology and increase the scale of production in order to meet the demands of the growing market, including export to Midsummer. 

Minimal carbon footprint

Midsummer's production process for thin film solar cells has a minimal carbon footprint compared to other production processes for solar modules, for example for silicon modules, which has been confirmed by life cycle analyses carried out by independent environmental analysis companies. An ever-increasing focus in renewable energy is now directed towards the total carbon footprint, i.e. not only the amount of energy that the end product consumes or produces, but also the amount and type of energy required for the manufacture and operation of the product - a discussion that has exploded when it comes to e.g. electric vehicles. Midsummer's flexible thin film solar cells have a carbon footprint of only 1/10 of what silicon panels have.

For photos of thin film CIGS solar cells and the Midsummer manufacturing equipment, please go to https://midsummer.se/press/media-gallery/ or contact Mr Lindström.

2019-09-11

For additional information please contact:
Sven Lindström
CEO, Midsummer AB
Email: sven.lindstrom@midsummer.se 
Phone: +46 (0) 8 525 09 610

For additional information please contact:

Sven Lindström
CEO, Midsummer AB
Email: sven.lindstrom@midsummer.se 
Phone: +46 (0) 8 525 09 610

About Midsummer

Midsummer is a leading developer and supplier of advanced solar energy technology solutions for the production and installation of thin film solar panels. Its business offering includes equipment for cost-effective manufacturing of thin film solar cells as well as building-integrated photovoltaic (BIPV) solutions. Midsummer's production process for thin film solar cells has a minimal carbon footprint compared to other production processes for solar modules. Midsummer's DUO system has taken the position as the most widespread manufacturing tool for flexible CIGS solar cells in the world.

Midsummer develops and markets solar panels directly to end customers from its own production and via contract manufacturers. The energy producing metal roof Midsummer solar roofs is supplied with integrated solar panels for ease of installation. Midsummer's lightweight, thin and flexible solar panels makes for an aesthetically pleasing solar roof that is also suitable to walk on.

Midsummer's proprietary technology is based on a rapid process for the production of flexible thin film solar cells using sputtering of all layers of the solar cell. The Company's share (MIDS) is traded on Nasdaq First North Growth Market with G & W Fondkommission as Certified Adviser, phone: +46 (0)8-503 000 50, email: ca@gwkapital.se. For more information, please visit: https://midsummer.se 

About Rusnano

RUSNANO Joint-Stock Company was founded in March 2011 through reorganization of the state corporation Russian Corporation of Nanotechnologies. JSC RUSNANO contributes to implementation of the state policy on the development of the nanotechnology industry by investing directly and through investment funds in financially effective high technology projects providing the development of new production facilities in the Russian Federation. Its primary investment focus is in electronics, optoelectronics and telecommunications, healthcare and biotechnology, metallurgy and metalwork, energy, mechanical engineering and instrument making, construction and industrial materials, chemicals and petrochemicals. 100 percent of RUSNANO's shares are state owned. Thanks to RUSNANO's investments, there are currently 103 factories and R&D Centers opened in 37 regions in Russia. JSC RUSNANO has made a profit for the last 5 years.

The Fund for Infrastructure and Educational Programs promotes innovative development of the Russian economy in nanotechnology and related high-tech sectors of the economy. The Fund is the only institute for innovative infrastructure development of high-tech industry in Russia. The Fund focuses on the infrastructure for nanotechnology, human resources for the new industries, marketing of innovative products, the legislative framework for innovation, popularization of technology and nano-enabled products. More than 700 deep-tech material-based start-ups are developing with Fund investments in multiple technology domains. The Fund is a part of Rusnano Group. https://en.rusnano.com/about/fiep 

IMPORTANT INFORMATION

This information is information that Midsummer AB (publ) is obliged to disclose under the EU Market Abuse Regulation. The information was provided, through the contact of the above contact person, for publication at 12:00 CET on September 11, 2019.

Ökad effekt på Midsummers solceller

Det svenska solenergiföretaget Midsummer har ytterligare utvecklat sina världsledande solceller genom att öka radien på den rundade cellen från 90 till 100 millimeter. Det minskar den outnyttjade arean av modulen från åtta till enbart två procent, och därmed ökar effekten (W) med sex procent per yta utan ökade produktionskostnader.


Increased effect on Midsummer's solar cells

[Stockholm, Sweden, September 18, 2019.] Midsummer, one of the world's leading developers and suppliers of advanced thin film building integrated solar solutions has developed its world-leading solar cells by increasing the radius of the rounded cell from 90 to 100 millimeters. This reduces the unutilized area of the module from eight to just two percent, thus increasing the power (W) by six percent per area without increasing production costs.


Midsummer i samarbete med ryska teknikjätten Rusnano

Det världsledande svenska solenergiföretaget Midsummer har ingått ett ramavtal med den ryska statligt ägda teknikjätten Rusnano Group. Målet är att utveckla marknaden för kiselfria flexibla solceller i Ryssland och den Eurasiska unionen.


Midsummer signs with tech giant Rusnano

[Stockholm, Sweden, and Moscow, Russia, September 11, 2019.] Midsummer of Sweden, one of the world's leading developers and suppliers of advanced thin film building integrated solar solutions and Sunflare Manufacturing are happy to welcome the Rusnano Group to the Midsummer family.  Midsummer has entered into a Frame Agreement with the Russian government-owned technology giant Rusnano Group to develop the non-silicon flexible photovoltaics market in Russia and the Eurasian Union.


Midsummer ringer åter öppningsklockan vid Nasdaq Stockholm

Det världsledande svenska solenergiföretaget Midsummer har återigen ringt öppningsklockan på Nasdaq Stockholm och börjat handla med sin gröna obligation noterad på Nasdaq Stockholms lista för hållbara obligationer.


Solar energy technology leader Midsummer rings opening bell at Nasdaq Stockholm once again

Solar energy technology leader Midsummer one of the world's leading developers and suppliers of advanced solar solutions, has once again rung the opening bell at Nasdaq Stockholm and started the trading for its Green Bond listed on the Sustainable Bond List of Nasdaq Stockholm.


Midsummer AB (publ) offentliggör prospekt och ansöker om upptagande till handel av obligationslån på Nasdaq Stockholms lista för hållbara obligationer

Midsummer AB (publ) ("Midsummer") emitterade den 25 april 2019 ett grönt obligationslån om 200 miljoner kronor ("Obligationslånet").


Midsummer AB (publ) publishes a prospectus and applies for admission to trading of bonds on the Sustainable Bond List of Nasdaq Stockholm

Midsummer AB (publ) ("Midsummer") issued on 25 April 2019 a green bond in an amount of SEK 200 million (the "Bond").


Midsummer ABs delårsrapport för första halvåret 2019

Solenergiföretaget Midsummer AB (publ) presenterar idag sin delårsrapport för det andra kvartalet 2019. Midsummer uppvisar under det första halvåret en nettoomsättning på 133,4 miljoner kronor och ett rörelseresultat på 11,0 miljoner kronor. Bolaget har under det andra kvartalet 2019 bland annat inlett ett samarbete med Sveriges största tillverkare av takpannor Benders och dess nya vågiga solpanel och ökat antalet medarbetare till över 100.


Midsummer tidigarelägger publicering av Q2-rapport

Solenergiföretaget Midsummer AB (publ) meddelar idag att bolaget kommer att tidigarelägga offentliggörandet av delårsrapporten för perioden januari-juni 2019 till fredagen den 16 augusti istället för fredagen den 23 augusti som tidigare kommunicerats.


Första installationen genomförd i Kivik av Midsummers nya förbättrade integrerade solcellstak

Det världsledande svenska solenergiföretaget Midsummers nya och smalare energiproducerande plåttak "Midsummer solar roofs" har framgångsrikt installerats på ett hustak i Kivik, Skåne. Det är den första installationen i landet av det nya taket. Taket är ett vackert falsat plåttak som är integrerat med Midsummers tunnfilmssolpaneler och med en hög effekt.


Kommuniké från Midsummer ABs (publ) årsstämma

Vid Midsummer ABs (publ) årsstämma den 28 maj 2019 fattades följande beslut:


Midsummer erhåller gott betyg för miljöfokus i Sustainalytics ESG Risk Rating

Sustainalytics, en oberoende global aktör inom ESG-utvärdering (Environmental, Social and Governance), samt forskning och analys av bolagsstyrning, placerar det svenska solenergiföretaget Midsummer i topp av halvledarföretag i världen tack vare företagets miljöfokus.


Förslag till ny styrelse samt ny huvudansvarig revisor

De större aktieägarna i Midsummer AB (publ) meddelar att Eva Kristensson föreslås som ny styrelseledamot inför årsstämman den 28 maj 2019. Vidare föreslås omval av Jan Lombach, ordförande, Sven Lindström, Liang Gao och Philip Gao som ledamöter. Hans Lindroth har undanbett sig omval.


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