Ripasso Energy AB (to be renamed to Swedish Stirling AB): Q1, 2019 report

Clean tech company Ripasso Energy AB (to be renamed to Swedish Stirling AB) publishes its Q1, 2019 report today.

Swedish clean tech company Ripasso Energy AB is publishing its interim report for the period 01-01-2019 – 31-03-2019 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 AB ships the first PWR BLOK 400-F unit of the seven ordered by South African ferrochrome producer Afarak Mogale. Installation and commissioning take place in Q1 as planned
• Ripasso Energy AB responded to the request from the second major South African ferrochrome producer (Samancor Chrome) by preparing a note of interest for the delivery of a 17MW power generation facility equivalent to just over 40 PWR BLOK-40F units. Swedish Stirling estimates the value of a potential future order at SEK 220–273 million (EUR 20-26 million). 
• The Extraordinary General Assembly of 16 January 2019 resolved to carry out an issue of convertible bonds in an amount of at most SEK 79,505,021 with preferential rights for existing shareholders. The prospectus was published on 6 February and the issue ended on 26 February. The issue was 107.3% subscribed.  

For further information please contact:

Gunnar Larsson, CEO, ir@ripassoenergy.com

About Ripasso Energy (to be renamed to Swedish Stirling 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 AB 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 May 7, 2019 at 08:00 CET.