Minesto Publishes Year-end Report 2019

Minesto Publishes Year-end Report 2019

PR Newswire

STOCKHOLM, March 19, 2020

STOCKHOLM, March 19, 2020 /PRNewswire/ -- CEO Dr Martin Edlund: "At the beginning of 2020, Minesto holds a stronger cash position than ever. This means that we can increase the company's commercial activity, with the goal of entering into further customer collaboration arrangements and secure project financing for the expansion of larger marine energy production arrays."

Significant events October-December 2019           

After the end of the fiscal year           

The Group in summary January-December 2019           

The Year-End Report is available to download at Minesto's website at www.minesto.com/investors.

The information in this press release is such that Minesto AB (publ) shall announce publicly according to the EU Regulation No 596/2014 on market abuse (MAR). The information was submitted for publication, through the agency of the contact person set out above, at 08:45 CET on 19 March 2020.

About Minesto

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.

Minesto's award winning and patented product, Deep Green, is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €40 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union's largest investment in marine energy to date.

Minesto was founded in 2007 and has operations in Sweden, Wales, Northern Ireland and Taiwan. The major shareholders in Minesto are BGA Invest and Midroc New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission, email: ca@gwkapital.se, telephone: +46 8 503 000 50.

Read more about Minesto at www.minesto.com

Press images and other media material is available for download via bit.ly/Minesto_media.

For additional information please contact
Magnus Matsson
Head of Communications & Investor Relations
Minesto AB

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The following files are available for download:


Minesto Year-End Report 2019


200319-PR-Minesto publishes Year-End Report 2019


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