Ripasso Energy expands its reporting
Cleantech company Ripasso Energy AB is expanding its reporting from a half-yearly to a quarterly basis, starting in the third quarter of this year.
The Board of Directors of Ripasso Energy AB has resolved to expand the company's reporting to the financial markets, and will commence quarterly reporting starting with the third quarter of this year. The decision was spurred by increased market interest in the company by investors and potential customers alike. The company's Q3 report will be published on 13 November 2018. An updated list of all of the company's reporting dates is available at www.ripassoenergy.com.
Ripasso has also – in consultation with the South African ferrochrome manufacturer Afarak Mogale – determined the final delivery dates for the seven PWR BLOK-400Fs ordered by Afarak in December. The first two will be shipped from Sweden at the turn of the year, with the remaining five to be delivered mid-year 2019. Shipping and installation are estimated to require one calendar quarter. Manufacturing and testing are in progress in Sibbhult and Vaggeryd and are proceeding according to plan.
“The interest in the PWR BLOK is quite significant in the South African ferrochrome industry, and we are holding talks with several major players. In recent months we have also received serious inquiries from other companies that produce similar residual gases," says Gunnar Larsson, CEO of Ripasso Energy AB.
For further information please contact:
Gunnar Larsson, CEO, email@example.com
About Ripasso Energy
Ripasso Energy is a Swedish environmental technology 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, and the company's latest product, the PWR BLOK 400-F, converts industrial residual and flare gases into electrical energy at high 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 June 21 2018 at 08.00 CET.