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This has every opportunity of developing into significant business for Opcon. The customer indicates yearly sales for Opcon of some 10-40 million SEK already from 2013. This is yet another important step forward in developing our strategic activity in China. Our investment here is starting to bear fruit
Rolf Hasselström, President and CEO of Opcon AB
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Opcon: Signs final Contract with Snowman on establishment of Opcon Powerbox JV for China

Wed, Sep 24, 2014 08:40 CET

·Equity of JV should amount to CNY 98 million (approx. SEK 114 m) ·Snowman invests CNY 50 million (approx. SEK 58 m) for 51,0204 % of shares ·Opcon to grant technology license to JV to a value of CNY 72 million (approx. SEK 83,5 m), giving Opcon; ·48,9796 % of shares in JV, equivalent of CNY 48 million (approx. SEK 55,6 m) ·CNY 24 million (approx. SEK 27,8 m) in royalties.Following the letter or intent signed in July 2014 and the agreement on main articles presented earlier this month, energy and environmental technology group Opcon AB (publ) has signed a

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