Ripasso Energy AB (publ): Q3 report 2018

The Swedisg clean tech company Ripasso Energy AB publishes its report for the third quarter 2018 today

The Swedish clean tech company Ripasso Energy AB is publishing its interim report for the period 01-07-2018 – 30-09-2018 today. The report is available for download in its entirety on the company’s website. Significant events during the period include the following: 

• Ripasso Energy was asked by ferrochrome producer Glencore to submit a detailed proposal for the installation of 72 PWR BLOK 400-F units at two ferrochrome production facilities in South Africa. The company also commenced marketing the PWR BLOK for use with syngas and low-quality LPG in South Africa. 
• In light of developments in South Africa, Ripasso Energy’s Board of Directors decided to commence preparations for listing the company on a regulated market.  The company believes that it is poised for rapid growth and wants to make it possible for a broader-based and more institutional group of investors to become shareholders in the company. A marketplace will be selected in 1Q 2019 and the company plans for the listing to be possible in 3Q 2019.  
• Ripasso Energy AB decided for the time being to postpone the delivery of three hybridised Stirling engines to a solar plant in Italy. This decision is due to continuing increased interest in the company’s PWR BLOK 400-F product.
• In preparation for listing on a regulated market, the company’s board was strengthened by electing Gunilla Spongh as a member at an extraordinary general meeting on 13 September. A former CFO at companies such as Preem AB, Mekonomen AB and Cashguard AB, Gunilla is currently a board member of Momentum group AB (publ) and AQ group AB (publ), both of which are listed on Nasdaq Stockholm, and a board member of the state-owned company Infranord AB.

For further information please contact:

Gunnar Larsson, CEO, ir@ripassoenergy.com

About Ripasso Energy AB

Ripasso Energy is a Swedish clean tech company founded in 2008 with a mission to further refine the incomparable ability of Stirling technology to convert thermal energy to electricity. The company offers a variety of solutions enabling power generation at record-low prices compared to other climate-friendly and sustainable alternatives. Ripasso Energy’s Stirling engine can handle a wide range of fuels. The company's latest product, the PWR BLOK 400-F, converts industrial residual and flare gases into electrical energy at a high rate of efficiency. The company’s shares are listed in Sweden (on the NGM Nordic MTF), and can also be traded on the Börse Stuttgart in Germany. Read more at www.ripassoenergy.com.

Ripasso Energy is required to disclose this information in accordance with the EU Market Abuse Regulation. The information was submitted for publication at the initiative of the above contact person on 12 November 2018 at 06:00 CET.