Agreement proposal submitted to major South African ferrochrome producer based on letter of intent
On 1 October 2018, Ripasso Energy AB announced that it had signed a letter of intent (LOI) with one of South Africa's largest ferrochrome producers. In early March 2019, a proposal regarding an agreement was submitted to the company in question. According to the letter of intent, the intention was for an agreement to be entered into by 31 March 2019 at the latest. The counterparty has requested additional time in order to fully evaluate the proposal from a technical and legal perspective.
Ripasso Energy will issue a separate press release on the day of the proposed agreement’s acceptance and signing, including a more detailed description of the agreement. Ripasso Energy is currently unable to provide a precise forecast as to when this will occur
For further information please contact:
Gunnar Larsson, CEO, firstname.lastname@example.org
About Ripasso Energy
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 AB (publ) 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 30 March 2019 at 08:00 CET