Swedish Stirling AB: Q3, 2020 report

Swedish Stirling AB publishes its Q3, 2020 report today.

Swedish clean tech company Swedish Stirling AB is publishing its interim report for the period 01-07-2020 – 30-09-2020 today. The report is available for download in its entirety on the company’s website. Significant events during the period include the following:

• Total operating income for the quarter was TSEK 7,135 (TSEK 9,598). Earnings per share, before dilution, for the quarter was SEK -0.24 (SEK -0.14).
• Swedish Stirling and Samancor Chrome Limited (“Samancor Chrome”) concluded a memorandum of understanding concerning the installation of up to 135 PWR BLOKs (54 MW) at Samancor Chrome’s smelter, TC Smelter, Ferrometals and Tubatse Alloys.
• Swedish Stirling and Richards Bay Alloys (“RBA”) have concluded a letter of intent concerning the sale and installation of 18 PWR BLOK units at a 7.2MW installation in Richards Bay, South Africa.
• Swedish Stirling and Glencore Operations South Africa Proprietary Limited (Alloys Division) (“Glencore”) entered into a letter of intent regarding installation of an electricity facility with up to 88 PWR BLOKs (35.2 MW) at Glencore’s smelter Lion.

Material events after the end of the period:

• Swedish Stirling has been approved by Nasdaq First North for listing on the Nasdaq First North Premier Growth Market. The first trading day was 6 November 2020. The company has been delisted from NGM Nordic SME and the last trading day was 5 November 2020.

For further information please contact:

Sven Ljungberg, CCO, Swedish Stirling AB, +46 (0)31 385 88 30  ir@swedishstirling.com. 

About Swedish Stirling AB

Swedish Stirling AB 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’s latest product – the PWR BLOK 400-F – is a unique proprietary solution for recycling energy from industrial residual and flare gases and converting these into 100% carbon-neutral electricity at high efficiency. According to an independent certification, the PWR BLOK is the cheapest way to generate electricity that exists today, yielding greater CO₂ savings per krona invested than any other type of energy. Swedish Stirling AB is listed on Nasdaq First North Premier and FNCA Sweden AB is appointed Certified Adviser, +46(0)8-528 00 399, info@fnca.se.  Read more at www.swedishstirling.com

This information is information that Swedish Stirling AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 CET on 10 November 2020.